Tax
ATO ramps up heat on directors
Recently, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. These letters are a warning shot and should not be ignored.
... read moreIs It The End For Trusts? | Corporate Trust Structure
Is it the end for Trusts? It been said that the death of trusts happened in February 2022 with the law on company beneficiaries, but is it really true or is that an exaggeration?
... read moreFuel tax credit changes
The Government 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 2022 until 28 September 2022.
... read moreEssential Record-Keeping At Year-End For Your Business
It may seem like the importance of record-keeping is overly stressed by us, but it’s a critical part of the wrap-up of the year-end.
... read moreThe In’s and Out’s of PAYG
We have many clients asking us, what is PAYG, why do I need to pay the ATO upfront and how does it affect a business? There’s no need to struggle to understand this system anymore, let’s break it down!
... read moreWhat’s changing on 1 July 2022?
A series of reforms and changes will commence on 1 July 2022. In this article we look at what’s coming up for businesses and individuals.
... read moreThe 120% deduction for skills training and technology costs
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 for expenditure on training and technology costs, we started receiving marketing emails encouraging us to spend now to access the deduction.
... read moreWhy Is End Of Year Planning So Important?
Business planning is a key element to success. Businesses with a formal business plan perform far better than those that don’t, and with good reason. If you know where you want to get to, there is far more chance of getting there with a plan.
... read more