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Get ready for a brutal Federal Budget and ATO Trust S100A initial guidance
The Australian Taxation Office will release a preliminary guidance on Section 100A in the next two weeks. The upcoming 2022 October Federal Budget will be a tightening one and it could be very brutal! Contact us today to help you prepare for ATO Trust S100A.
ATO Announces Four Areas of Focus for Taxation This Year
The Australian Taxation Office has uncovered four key areas to focus on as businesses prepare for their tax this year. Being aware that many Aussies are engaging with cryptocurrencies or digital assets, the tax office said that crypto investors will be one of their priorities at tax time.
Liberal Party’s Super Home Buyer Scheme vs Labour Housing Policy for the Young
Liberal Party announces new Super Home Buyer Scheme to help first-time home buyers unlock their super to get into the property market more quickly. On the other hand, Labor’s Help to Buy housing policy will assist those people on a lower income who are not able to buy a house.
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 […]
The Winners and Losers in the 2022 Victorian Budget
Emergency services is the major focus in the 2022-23 election-year Victorian budget. Contact us today at Success Accounting Group to help you navigating the implications and opportunities of this Budget for you and your business. Book in your Tax Planning now with less than 50 days left before the EOFY.
Superannuation Death Benefits – Who Gets Your Super?
Who decides what happens to your superannuation savings when you die? You might believe that you do, however that isn't generally the situation. A definitive choice might be made by somebody you don't know - the legal administrator or trustee of your superannuation fund. Here’s what you need to know in making a valid binding death benefit nomination.
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 […]
2022 Federal Budget – What It Means for You
Information: What the 2022 Federal Budget Means for You With a Federal Election due in the next 8 weeks, the Morrison Government has just made its bid for re-election with the following headline announcements in its Federal Budget released on Tuesday 29 March 2022: Petrol tax slashed by 22 cents per litre for 6 months […]
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 […]
Small Business-COVID Hardship Fund
The Small Business COVID Hardship Fund will help qualified little and medium organizations: Whose activities have been seriously affected by COVID-19 limitations that have been set up between 27 May 2021 and August 2021 Have experienced something like a 70% decrease in turnover because of the COVID-19 limitations Are ineligible for other key COVID-19 Victorian […]
Support for my business
Top-up support The Victorian Government has announced new cash grants for businesses impacted by the lockdown declared on 15 July 2021. The grants will be paid to businesses that successfully received a grant from the Business Costs Assistance Program Round Two or the Licensed Hospitality Venue Fund 2021 (including regional businesses) automatically in their accounts from mid-July Top-up amount […]