2021-10-28T10:25:28+10:0030th June 2021|Accounting, News, Taxation|
Updated 28/10/2021
From 1 November 2021, directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers.
As director, you must apply for your director ID yourself as you will need to verify your
2021-07-09T18:56:34+10:0030th June 2021|Accounting, News, Superannuation, Taxation|
With the 2021 financial year coming to a close we’ve summarised the key 1 July 2021 changes and their implications for the next financial year.
Super guarantee rate increase to 10%
On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise
2021-06-21T17:01:38+10:0021st June 2021|Accounting, Advisory, News, Taxation|
Are you ready for the end of the financial year?
The 2021 end financial year is just around the corner, have you contact us yet to see how we can help you?
In this episode, Ryan Sheppard discusses closing your books in relation to end of year prepayments.
So, what are prepayments?
Watch episode 5 now
2021-06-15T16:49:12+10:0015th June 2021|News|
Are you ready for the end of the financial year?
With less than 2 weeks until the end of the 2021 financial year, there’s no better time than now to put plans in place to make the new year shine.
In this episode, Cassie Weston discusses carry forward concessional contribution rules.
So, what are carry
2021-06-06T17:44:38+10:006th June 2021|Accounting, News, Taxation|
Are you ready for the end of the financial year? The end of financial year can be stressful enough, why not let us help you strategise ways to start the new year on a high?
In this episode, Shaun Allen discusses rental property depreciation reports.
So, what is a rental property depreciation report and
2021-04-06T14:37:30+10:006th April 2021|Accounting, Advisory, News, Taxation|
On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business.
Drawing on key features of the Chapter 11 bankruptcy model in the United States, the new system aims to speed up the insolvency process, reduce costs and where possible, restructure
2021-04-06T14:21:30+10:006th April 2021|Accounting, Advisory, News, Taxation|
Sometimes the difference between a good business and a great business is simply having sufficient capital to execute your business plan. For many businesses, the owners have put everything they have into growing the business but there is still a gap. Investors offer an opportunity to close that gap but at what
2020-12-02T14:24:40+10:002nd December 2020|Accounting, News, Taxation|
If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.
In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously taxed profits between
2020-12-02T14:24:35+10:002nd December 2020|Accounting, News, Taxation|
Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5 billion* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use. This means that an
2020-09-29T10:08:38+10:0029th September 2020|Accounting, News, Taxation|
FBT liabilities can trap unwary businesses, some of whom don’t recognise that there can be a tax consequence from providing benefits to staff such as entertainment.
It is essential to understand there can be implications from seemingly straight-forward business activities across income tax and GST, as well as FBT.
For some smaller businesses, it
