Newsletter: April 2024 Six super strategies to consider before 30 June 2024 With the end of financial year fast approaching, now is a great time to boost your superannuation savings and potentially save on tax. Below are six superannuation strategies to consider before 30 June 2024. Tip 1 – Use the carry forward concessional contribution rules Read more about April 2024 Newsletter[…]
Stage 3 tax cuts – a tax saving opportunity? Legislation giving effect to the government’s revised settings for the Stage 3 tax cuts has been passed by both houses of Parliament with the support of the Coalition. The stage 3 tax cut changes: Reduce the 19% tax rate to 16% for incomes between $18,200 and Read more about March 2024 Newsletter[…]
Many of our clients are located on the East shore of Australia. Two months ago Mother Nature provided a late Christmas gift being a substantial storm colloquially referred to as the ‘Boxing Day Storm’. Several friends and family were without electricity for nearly two weeks and others sustained damage at their property. You may have Read more about When two negatives collide: Property damage and Tax Newsletter[…]
Happy New Year! We hope you had a lovely Christmas break and are ready for 2024. There’s a business truism stating that “a business can make losses indefinitely but can only run out of cash once“. Although I’m tempted to pull apart this statement to analyse the assumptions the essence of the statement is true, Read more about Happy New Year 2024![…]
Happy new financial year! Below are some of the changes to be aware of which from 1 July 2023: There’s an increase in superannuation guarantee to 11% (was 9% in 2013 and will be 12% by 2026). The instant asset write-off reduced to $20,000. The national minimum wage and award rate was increased to $23.23 per Read more about 2023 Checklists & Tax Changes[…]
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)
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[…]