Temporary Full Expensing
What does Temporary Full Expensing (TFE) of assets mean for me? As Australia looks to get back to work and continue its recovery, the Temporary…
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Your Business Structure
At the start of each year, business owners typically review their affairs, including at times their trading structure. Others may be going into business and…
Client Newsletter – February 2022
Single Touch Payroll 2: The time has come In the May 2019 Federal Budget, the Government announced that Single Touch Payroll (STP) would be expanded…
When the taxman sends a bill, not a refund
While most people look forward to receiving a tax refund once their return is processed by the ATO, it is also not unheard of to…
Steps to take when winding up your SMSF
There will most likely come a time when your SMSF will need to be wound up, with a change in members, the fund’s finances, perhaps…
Is your business ready for the super guarantee rate rise?
On 1 July 2021, the super guarantee rate will rise from 9.5% to 10%. If you have employees, you will need to ensure your payroll…
Getting deductions for clothing and laundry expenses right
The ATO allows certain taxpayers to claim a deduction for the cost of buying and cleaning occupation-specific clothing, items of protective wear and for certain…
ATO to allow extended time for minimum yearly repayments on Div 7A loans
Many incorporated business owners may twitch a little whenever the term Division 7A is uttered within earshot — and not just those who may have…
Avoid common mistakes in your business return, and include appropriate income
We know you want to get your tax right, so it may help you this tax time to know how to avoid making what the…