Business
Federal Budget 2023 – Winners and Losers Revealed!
The government promised a budget that would build “stronger foundations for a better future”. Look at the breakdown of the 2023 federal budget winners and losers. And if you’d like to know how this can impact, contact us today!
ATO Supercharges Its Campaign to Crackdown Incorrect Rental Property Report
The ATO boosts its campaign against rental property owners who incorrectly submit their income and expenses report. Based on previous data, there is a tax gap of around $1 billion from incorrect reporting of rental property income and expenses and the government has launched a more serious campaign against inaccurate tax report.
How To Minimise Your Business Tax in 2023
Imagine what you could do with tax saved? You could: • Reduce your home loan • Top up your super • Save for a holiday (when we can travel again!) • Deposit for an Investment Property • Pay for your children’s education • Upgrade your Car Here’s a guide to the strategies you can use to minimise your business tax.
Getting Ready for Single Touch Payroll Phase 2 Implementation
Are you ready for STP Phase 2? How do you know if you are using STP Phase 2? Single Touch Payroll Phase 2 streamlines reporting information about your employees to government agencies. Our assistance will give you peace of mind that your payroll software is correctly set up for STP Phase 2.
How The 2022-23 Federal Budget Affects Your Business
Get better understanding about the 2022-23 Federal Budget from our tax experts! Here’s the breakdown of the key elements discussed in the announcement and see what this means for you and your business.
5-STEP BUSINESS PLAN TO HELP YOU SUCCEED
We have a unique 5-step business plan that we can customise for you to give you peace of mind. We make sure that your financial affairs are cared for in the best manner possible so you can live your best life!
5 REASONS TO UPDATE YOUR FAMILY DISCRETIONARY TRUST DEED
Why do you need to update your family and discretionary trust deeds? Whenever you set up your discretionary trust, it was for a particular reason. This may be for asset protection, tax reduction or for building family wealth. In any case, similar to a cell phone, popular features must be upgraded. This something very similar […]
EOFY 2022: How to Help Your Business with Instant Asset-Write Off
The Australian Government reported the expansion of instant asset write-off scheme as part of the 2022 Federal Budget. This eliminated the $150,000 per asset limit because of the effect of the COVID-19 pandemic. The $150,000 Instant Asset Write Off: Applies to any asset that can be utilised for business purposes with a cost of […]
More Support For Melbourne Businesses
Yesterday, the Victorian Government announced a new round of support for small and medium businesses most affected by the extension of public health restrictions in Melbourne. The new jointly funded Commonwealth and Victorian Government package includes automatic payments for previous recipients of the Business Costs Assistance Program Round Two and the Licensed Hospitality Venue Fund […]