Business

It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction…

The Government have temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel and all other petroleum-based products (except aviation fuels) for 6 months from 30 March…

The 2022-23 Federal Budget was announced by Federal Treasurer, Mr Josh Frydenberg, on 29th March 2022. Key Announcements: A $78 billion underlying cash deficit forecast for 2022-23, $20.9 billion better…

Two landmark cases before the High Court highlight the problem of identifying whether a worker is an independent contractor or employee for tax and superannuation purposes. Many business owners assume…

Temporary full expensing enables your business to fully expense the cost of: new depreciable assetsimprovements to existing eligible assets, andsecond hand assets in the first year of use. Introduced in…

Christmas is a time when we come together to celebrate with our family and friends. And, for those who haven’t been able to see friends and family due to border…

Staff gifts The key to Christmas presents for your team is to keep the gift spontaneous, ad hoc, and from a tax perspective, below $300 per person. $300 is the…

Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund.  When you die, it does not automatically form part of your…

If it wasn’t already clear, the past 12 months certainly cemented the fact that life has a habit of throwing us the occasional curveball. The reality is we all face…

Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people…