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No More Shortcuts The Methods You Can Use To Claim WFH Expenses
Tax

No More Shortcuts: The Methods You Can Use To Claim WFH Expenses

By On March 25, 2024

Ensure you’re up to date on how to claim your working-from-home expenses! As the business landscape shifts back and forth between office, hybrid and home-based work opportunities, it’s important to remember what… Read More

Fringe Benefits Tax Considerations For Australian Businesses
Tax

Fringe Benefits Tax Considerations For Australian Businesses

By On March 3, 2024

For businesses operating in Australia, navigating the intricacies of the Fringe Benefits Tax (FBT) is essential to ensure compliance with tax regulations and minimise financial liabilities. FBT is a tax paid on… Read More

Explaining The New Reporting Regime For The Sharing Economy
Tax

Explaining The New Reporting Regime For The Sharing Economy

By On February 12, 2024

The Sharing Economy Reporting Regime (SERR) represents a significant development in Australia’s tax landscape, requiring certain businesses operating in the sharing economy to report specific transactions to the Australian Taxation Office (ATO).… Read More

Understanding Non Assessable Non Exempt NANE Income Through Disaster Grants
Tax

Understanding Non-Assessable Non-Exempt (NANE) Income Through Disaster Grants

By On January 21, 2024

The recent spate of extreme weather events during the summer in various parts of Australia has presented unprecedented challenges for small businesses. As a result, the pressing concerns they face may not… Read More

Unlocking the Secrets of Deductions A Holiday Home Owners Essential Checklist
Tax

Unlocking the Secrets of Deductions: A Holiday Home Owners’ Essential Checklist

By On December 3, 2023

It’s essential for property owners to understand the intricacies of deductions associated with their cherished holiday retreats. However, as the holiday season approaches, they may find that their holiday retreats become a… Read More

Claiming Motor Vehicle Expenses On Your Tax Return
Tax

Claiming Motor Vehicle Expenses On Your Tax Return

By On November 13, 2023

As a business owner, one of the perks is the ability to claim tax deductions for expenses related to motor vehicles used in your business operations. This includes cars and certain other… Read More

Claiming The Small Business Technology Investment Boost
Tax

Claiming The Small Business Technology Investment Boost

By On October 22, 2023

Could your small business claim a 20% bonus deduction on technology expenditure that supports their digital operations or the digitisation of their operations? The small business technology investment boost is a broad… Read More

Providing Affordable Housing You Could Be Eligible For A CGT Discount
Tax

Providing Affordable Housing? You Could Be Eligible For A CGT Discount

By On October 6, 2023

An additional 10% capital gains tax (CGT) discount may be available when you sell an Australian residential rental property that you used to provide affordable housing. This will increase the potential maximum… Read More

Why Are My Connections Important To Know During Tax Season
Tax

Why Are My “Connections” Important To Know During Tax Season?

By On September 10, 2023

In the realm of tax law, a critical concept revolves around understanding the notion of “entities connected with you.” This concept serves as a linchpin in several aspects of taxation, from determining… Read More

Doing A Final Tax Return For A Deceased Loved One
Tax

Doing A Final Tax Return For A Deceased Loved One

By On August 21, 2023

At the worst time of your life, the last thing you want to think about is tax. However, when a loved one dies, their affairs must be dealt with at some stage.… Read More

The Tax Implications Of The Sharing Economy What You Need To Know
Tax

The Tax Implications Of The Sharing Economy: What You Need To Know

By On July 31, 2023

In Australia, any income earned by a job may be considered taxable income. Those who receive their income via the sharing economy are no exception to the rule. In fact, further complications… Read More

Maximising Your Tax Deductions As A Home Based Business
Tax

Maximising Your Tax Deductions As A Home-Based Business

By On July 11, 2023

Small business owners may be able to claim deductions for the costs of using their home as a principal place of business when filing their income tax returns. A home-based business is… Read More

Have You Taken The Time To Tax Plan This EOFY
Tax

Have You Taken The Time To Tax Plan This EOFY?

By On June 19, 2023

As the financial year comes to a close, now is the time to visit your accountant or tax advisor to discuss tax planning for your business in 2023. At the end of… Read More

Dont Forget To Declare All Investment Income In Your Return
Tax

Don’t Forget To Declare All Investment Income In Your Return!

By On June 1, 2023

If you’ve made a major investment in the last financial year, any income made from it will need to be included on your tax return. Any income earned from investments and asses… Read More

The Instant Asset Write Off Returns
Tax

The Instant Asset Write-Off Returns

By On May 9, 2023

The Federal Budget has reintroduced the $20,000 Instant Asset Write Off to benefit small businesses amidst the myriad of measures announced by the government.  The instant asset write-off will return for the… Read More

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