May 14, 2024

A Guide To Land Tax Across The States

Land tax is an annual tax paid to state and territory governments by land owners. If your business owns the property, you will likely need to […]
May 14, 2024

Key Changes To Trust Administration To Affect Lodgements

Changes are being made to trust administration as a part of the Modernisation of Trust Administration Systems project, which will impact the way in which you […]
May 14, 2024

Warnings For Deductions Claimed On Rental Properties

The Australian Taxation Office (ATO) is cautioning rental property owners about accurately claiming deductions on their tax returns this year, particularly with regard to maintenance claims. […]
May 14, 2024

Minding The Gap: Paid Parental Leave & Superannuation

Another significant announcement arising from the 2024-25 Budget involves integrating superannuation with government-funded parental leave. To bolster Australia’s government-funded Paid Parental Leave (PPL) scheme and enhance […]
May 14, 2024

The Instant Asset Write-Off Re-Explained

With the latest Budget announcement, the Instant Asset Write-Off extends into another financial year, offering continued benefits for small businesses. Businesses with an aggregated turnover of […]
May 14, 2024

2024-25 Federal Budget Announcements

The Federal Budget was handed down on 14 May 2024, and has outlined a number of changes that impact businesses, tax & superannuation. Instant Asset Write-Off […]
April 29, 2024

Strategic Planning for Business Resilience: The Importance of Disaster Management, Crisis, and Continuity Plans

Strategic planning for businesses ensures resilience and continuity in adversity. While businesses often focus on growth and expansion, preparing for potential disruptions and emergencies that could […]
April 29, 2024

What Contributions Can Be Made To Superannuation Funds?

As retirement looms, ensuring a comfortable and secure future becomes a top priority for many individuals.  One essential aspect of this preparation is maximising superannuation contributions. […]
April 29, 2024

Understanding Fringe Benefits Tax (FBT) And What It Covers

For businesses in Australia, providing fringe benefits to employees can be a valuable way to attract and retain talent, as well as incentivise performance. However, employers […]
April 29, 2024

Strategies To Cut Costs Without Cutting Ties

For businesses, maintaining profitability and financial stability is essential for long-term success. At times, this can lead to costs needing to be cut.  However, cost-cutting initiatives […]
April 29, 2024

What Is The Small Business Superannuation Clearing House?

For small businesses in Australia, managing superannuation payments for employees can be a time-consuming and complex task. Super guarantee payments must be made quarterly, with the […]
March 25, 2024

Compliance in the WFH Landscape: Know The Right Method You Can Use To Claim Expenses

Ensure you’re up to date on how to claim your working-from-home expenses!  As the business landscape shifts back and forth between office, hybrid and home-based work […]
March 21, 2024

Property Owners – A Warning About Bond Money

Did you know that money received as a bond from a tenant and retained after they leave your rental property (e.g. for damages, repairs, or rent […]
March 21, 2024

Strategies For Coping With Mortgage Stress

Mortgage stress can weigh heavily on homeowners, causing financial strain and emotional hardship.  Whether due to unexpected life events, economic challenges, or changes in personal circumstances, […]
March 21, 2024

The Role of Legal Structures in Wealth Protection: Safeguarding Your Assets in Australia

Protecting one’s wealth is paramount for individuals and businesses in an ever-changing economic landscape.  While sound financial planning and risk management strategies play crucial roles, the […]
March 21, 2024

Safeguarding Your Digital Assets In The Digital Age

In an era of digitalisation and interconnectedness, protecting personal and financial information has become increasingly critical.  As individuals and businesses rely more on digital platforms and […]
March 21, 2024

Tips for Ensuring Your Business’s Regulatory Adherence With Super

Superannuation compliance is a crucial aspect of running a small business in Australia.  Ensuring that your business meets the regulatory requirements surrounding superannuation contributions is essential […]
March 21, 2024

Protecting Yourself During Life Transitions: Divorce, Retirement, and Inheritance

Life is full of transitions, each bringing with it financial challenges and opportunities.  Whether navigating a divorce, preparing for retirement, or managing an inheritance, protecting your […]
July 26, 2013

Important Changes for Completing 2013 Individual Tax Returns

Private Health Insurance Rebate From 1 July 2012 private insurance premiums are income tested to determine entitlements to the private health insurance rebate. As a result, […]
September 16, 2013

Viewpoint – Spring 2013

Self-education expenses cap delayed The Government has decided to defer the introduction of the $2,000 cap on work related education expense deductions until 1 July 2015. […]
September 23, 2013

Tax Office reacts to superannuation funds selling assets after entering pension phase

Tax Office reacts to superannuation funds selling assets after entering pension phase The ATO has issued a Draft Taxation Determination (TD 2013/D7) that self managed superannuation […]
December 6, 2013

Urgent Action – Tax benefits expire 1st January 2014

Small business (those with an aggregated annual turnover of less than $2 million), have only 4 weeks to take advantage of tax benefits of the  “Instant […]
December 12, 2013

Viewpoint – Summer 2013

Christmas The office will officially close on Friday 20 December 2013, and re-open Monday 6 January 2014. We wish all our clients, colleagues and families all […]
March 27, 2014

SMSF’s – the SuperStream standard for contributions

SuperStream  is  a  government reform  aimed  at  improving the  efficiency  of  the superannuation system. Under SuperStream, employers must make super contributions on behalf of their employees […]
March 27, 2014

Viewpoint – Autumn 2014

New appointments We are very pleased to announce the appointment of two new members to the Allworths team, Colleen Hosking and Sophia Tong. Colleen joins us […]
June 23, 2014

Newsflash – SMSF SuperStream & New Penalties

SMSFs – SuperStream deferral We sent out a newsflash in March this year regarding the new electronic data and payment requirements of the ‘SuperStream’ system to […]
October 1, 2014

Professional Firms to be under ATO scrutiny

  The Australian Tax Office (ATO) has issued draft guidelines for the risk assessment and audit selection for professional practices for compliance reviews related to 2014/2015 […]