There exists a persistent and concerning gender gap in superannuation. Women often find themselves disadvantaged compared to their male counterparts when building wealth for their golden […]
The Sharing Economy Reporting Regime (SERR) represents a significant development in Australia’s tax landscape, requiring certain businesses operating in the sharing economy to report specific transactions […]
With business operations underway, a new calendar year presents a perfect opportunity for entrepreneurs and business professionals to reflect on the past and set the stage […]
The recent spate of extreme weather events during the summer in various parts of Australia has presented unprecedented challenges for small businesses. As a result, the […]
As a small business owner gearing up for retirement, selling your business can be a strategic move to give your nest egg that final boost. However, […]
In a significant reversal to a key election promise, the Australian federal cabinet has approved changes to the stage-three tax cuts package, set to come into […]
Stepping into 2024, businesses may navigate dynamic economic, societal, and technological shifts. Successfully navigating these changes requires a strategic and agile approach, which is essential for […]
The ATO’s lodgment penalty amnesty has been extended, providing thousands of eligible enterprises with a chance to rectify overdue income tax returns, business activity statements (BAS), […]
As the calendar year draws to a close, businesses often find themselves in a familiar but often challenging position – chasing invoices. A healthy cash flow […]
As retirees embrace a new phase in their lives, the concept of property downsizing is gaining momentum as a strategic and rewarding financial move. Downsizing isn’t […]
Property owners need to understand the intricacies of deductions associated with their cherished holiday retreats. However, as the holiday season approaches, they may find that their […]
Superannuation, often called ‘super,’ is a vital part of Australia’s financial landscape. It’s a retirement savings system intended to provide financial security in your golden years. […]
As a business owner, one of the perks is the ability to claim tax deductions for expenses related to motor vehicles used in your business operations. […]
Determining the value of your business is a critical step when contemplating a sale. Unfortunately, a significant number of business owners are unaware of the monetary […]
An additional 10% capital gains tax (CGT) discount may be available when you sell an Australian residential rental property that you used to provide affordable housing. […]
One of the most common questions from those entering or nearing retirement is, ‘How much money can I have before it affects my pension?’ Our answer […]
Overview The 2017 Federal Government Mid-Year Economic and Fiscal Outlook (MYEFO) announced that from 1 July 2017, the Government will allow the ATO to disclose tax […]
Overview The NSW government has introduced a surcharge on residential land held by or associated with a ‘foreign person’ from the 2017 land tax year. This […]
We have seen an increased number of audits being conducted on clients’ Workers Compensation Policies and are seeing a number of recurring issues arising. This alert […]
Signatures are going digital We are introducing a new way for you to sign important documents that come from our office. It’s called DocuSign. If you […]
There is no denying we are facing an online revolution. All aspects of our lives and businesses are becoming more ‘digitalised’. Advances in technology are changing […]
What the ATO is doing The Australian Taxation Office has warned users of the ‘sharing economy’ (e.g. Airbnb or Uber) that it is performing data matching […]
Although we’re based in Australia, we regularly work with clients around the world that are seeking to do business or make investments here. One question we have […]
A taxpayer was recently denied an immediate tax deduction for a roof repair and replacement for a rental property required due to vermin damage. The reason […]
Proposed new rules in relation to overseas businesses exporting goods and services direct to Australian consumers may require them to register for Australian Goods and Services […]