‘Electrifying’ your business may incur a $20k deduction
Wednesday December 13 2023
Have you heard of the small business energy incentive? It’s the latest incentive which provides a bonus tax deduction for small and medium businesses, gearing us towards greater energy efficiency. Gon...
FBT 2023 - What's new, what's updated and what's in the spotlight
Friday March 17 2023
FBT 2023 – What’s new, what’s updated and what’s in the spotlight. The Fringe Benefits Tax (FBT) year ends on 31 March. As in every year there are some new hot spots for employers...
Working From Home - The new rules for 2023
Thursday March 02 2023
Working from Home, what do I need to know for 2023 and onward? The Australian Taxation Office (ATO) has long accepted that some taxpayers do work from home. Since 2001 approved hourly...
Paid Family and Domestic Violence Leave – New Entitlement Rules
Wednesday January 18 2023
Employees have had an entitlement to unpaid family and domestic violence leave (FDVL) for some time as part of the National Employment Standards (NES). As of 1 February 2023, for larger employers,...
Buying or Selling a Business
Saturday October 08 2022
Have you ever considered selling your business? Or buying a business? Wondered how to go about it and how to maximise the value? There are two key components in the sale of a...
120% Training and Technology Boost.
Monday September 12 2022
The 120% deduction for skills training and technology costs may be here after all! The New Government has reinvigorated the 120% skills training and technology costs deduction for small and medium...
.au Domain names are here. Register yours now!
Monday September 12 2022
Register your .au domain! The .au domain is the new, general purpose, shorter Australian domain name option. If you have an existing domain, you have until 11:59 pm (UTC) on 20 September 2022 (9:59am...
JULY ACTIONS REQUIRED FOR BUSINESS
Monday July 04 2022
NOW THE YEAR HAS ROLLED OVER, WHAT NEXT... Now June 30 has passed, there are administrative matters that require your prompt attention: Year End Payroll Procedures Employers wi...
Federal Budget 2022 - What it means for us ordinary peope!
Wednesday March 30 2022
Implications for Individuals, Families and Retirees The Low and Middle Income Tax Offset has been increased by $420 per person to a maximum of $1,500 per person. This offset will apply to...
How to Set up Your Director ID
Monday March 21 2022
Directors are now required to register for a unique identification number that they will keep for life What is a director ID? A director ID is a 15 digit identification number that, once issued, will...