The ATO recently released a draft tax guidance (PCG 2022/D4) for claiming tax deductions for working from home. You need to be aware of these changes so that you can keep the appropriate records to maximum your tax claims in your 2023 Tax Return. WHAT ARE THE KEY CHANGES? From 1 July 2022, the ATO Read more about Tax Tip: Changed Record Keeping Requirements For Working From Home[…]
What the 2022 Federal Budget Means for You The Treasurer, Dr Jim Chalmers, handed down his first Federal Budget (an updated budget for the 2022/23 financial year) on Tuesday evening. The good news: there were hardly any tax or superannuation changes impacting small or medium size business. The bad news: with interest rates rising, high inflation and labour costs rising, Read more about How Will The Latest Federal Budget Impact You?[…]
Feel free to use the checklists below to assist in collecting your year end documents: Checklists Business Financial Accounts & Tax Is it tax deductible? Items to consider Property Investor Guide Homeoffice expenses (including COVID19 changes)
Happy new financial year! Please invest 5 minutes into reading this newsletter to be current with tax changes and administration which may impact you. Some of these admin items will help minimise your tax while thers will reduce your exposure to an ATO tax audit. We have outlined these key areas below to assist you: Brief Read more about Happy new financial year! (22/23)[…]
There will be many tax changes announced which may impact you after the recently released 2022 Federal Budget and upcoming Federal Election. We would like to help you to reduce your tax in 2022 – allowing you to: Reduce your home loan or credit card debts Top up your Superannuation Save for a holiday Build a Read more about Action required: Tax planning tips and offer for 2022[…]
With a Federal Election due in the next 8 weeks, the Morrison Government made its bid for re-election with the following headline announcements in the Federal Budget released on Tuesday 29 March 2022: Petrol tax slashed by 22 cents per litre for 6 months from Budget night. 10 million low and middle-income earners will receive Read more about 2022 Federal Budget[…]
And that’s a wrap on another eventful year. I’m very grateful to be based in sunny and largely restriction free Queensland when I hear stories from interstate and overseas clients. In 2020 we assisted many businesses through a tense time of uncertainty while 2021 was a manic year of business restructures, mergers & acquisitions and Read more about Christmas Newsletter![…]
Director ID’s You may have seen recent news articles stating that all company directors must have director ID’s by 1 November. Some of these articles are alarmist so let me assure you that there’s no reason to panic. Yet. The system accepting director ID applications opened yesterday however the application deadline depends on when you were Read more about Nov 2021 Newsletter + Director ID’s[…]
This is a brief update summarising key state assistance packages on offer as at 27 August 2021: NSW: COVID-19 Business Grant NSW: JobSaver payment NSW: COVID-19 Micro-business Grant NSW: Small business fees and charges rebate VIC: Small Business COVID Hardship Fund QLD: 2021 COVID-19 Business Support Grant Read more about Updated key state & territory business assistance packages[…]
Here we are again, back to lockdowns (SE QLD). We’ve been fortunate in Australia and in particular in Queensland but it’s our turn to experience lockdowns again. It’s hard to keep up to date with all the information as it changes on a regular basis. Please be patient with those in leadership making tough calls Read more about QLD COVID-19 Assistance + Positivity + Newsletter[…]