$20k Small Business Energy Incentive
In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax…
Blog Archive
What You Need to Know About the Latest RBA Cash Rate Rise
The RBA is back with a cash rate rise of 25 basis points, taking the current rate to 3.85%. Strong…
- Tax ·
ATO PAYGW prefill is coming to activity statements
Employers report their pay as you go (PAYG) withholding information to the ATO each time they pay their employees using…
The low down on depreciation
If you have business assets which are expected to decline in value over time, such as machinery, motor vehicles, furniture,…
Company money: A guide for owners
When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash…
- Tax ·
Remember to pay your super guarantee in full and on time
Super guarantee (SG) contributions for the March quarter are due by 28 April. Remember, the ATO only consider an employee's…
- Tax ·
Update: Tax on super balances above $3m
In a very quick turnaround from announcement to draft legislation, Treasury has released the exposure draft legislation for consultation to…
- Tax ·
What sharing platforms are sharing with the ATO
From 1 July 2023, a new reporting regime will require platforms that enable taxi services including ride sourcing, and short-term…
Selling a business? The pros and cons of earn-out clauses
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every…
- Tax ·
How Does Tax Apply to Electric Cars?
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO)…
It’s 2023 fringe benefits tax (FBT) time!
If you’ve provided fringe benefits to your employees or their associates between 1 April 2022 and 31 March 2023, it’s…
- Tax ·
The ATO’s final position on risky trust distributions
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions -…
