2023-12-18T15:38:27+10:0018th December 2023|News|
Author: Rohan Toon
Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how to maximise the deduction!
The small business energy incentive is the latest measure providing a bonus tax deduction to nudge the investment behaviour of small and medium businesses,
2023-09-20T13:24:24+10:0020th September 2023|News|
Author: Karina Heydon
What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners.
When it comes to generational succession of a family business, there are a few important aspects:
2023-09-20T13:20:09+10:0020th September 2023|News|
Author: James Sanguanchati
You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications.
Many small-scale developers often assume that their tax exposure is minimal – but this is
2023-09-20T13:18:50+10:0020th September 2023|News|
Author: Shaun Allen
The tax refund many Australians expect has dramatically reduced. We show you why.
There is a psychology to tax refunds that successive Governments have been reticent to tamper with. As a nation, Australia relies heavily on personal and corporate income tax, with personal income tax including taxes on capital gains representing 40% of
2023-06-21T10:43:22+10:0021st June 2023|Accounting, News, Taxation|
Author: James Sanguanchati
It’s that time of year when we all look at what last minute things we can do to maximise tax savings.
In the wise words of the late Kerry Packer to a Senate estimates committee, “Of course I am minimising my tax. And if anybody in this country doesn’t minimise their
2023-06-21T10:43:14+10:0021st June 2023|Accounting, News, Taxation|
Author: Karina Heydon
Tax deductions for topping up super
You can make up to $27,500 in concessional contributions each year assuming your super balance has not reached its limit. If the contributions made by your employer or under a salary sacrifice agreement have not reached this $27,500 limit, you can make a personal contribution and claim
2023-03-28T12:59:29+10:0028th March 2023|Accounting, News, Taxation|
Author: Rohan Toon
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As a result, many family groups will pay higher taxes because of the ATO’s more aggressive
2023-03-28T12:59:24+10:0028th March 2023|Accounting, News, Taxation|
Author: Karina Heydon
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home.
The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to use a new ‘fixed rate’
2022-12-12T12:50:33+10:0012th December 2022|Accounting, News, Taxation|
Queensland backs down on Australia wide land tax assessment
The Queensland Government has backed away from an amendment that would have seen the land tax rate for investment property in Queensland assessed on the value of the investor’s Australia wide land holdings from 1 July 2023, not just the value of their Queensland
2022-12-12T12:58:02+10:0012th December 2022|Accounting, News, Taxation|
In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including the reduction of the top personal income tax rate that applies to those earning more than £150,000 from 45% to 40%. Just ten days later, following market turmoil that saw the British
