Tax
Planning for business activity statements (BAS) and the importance of professional advice
23 January
Business Activity Statements (BAS) are a vital part of financial management for Australian businesses. They help businesses meet their tax obligations, including Goods and Services Tax (GST), Pay-As-You-Go (PAYG) instalments, and other tax-related...[Read More]
Tax changes ruled out as treasurer launches food fight
23 January
The treasurer has poured cold water on any new taxes, saying Labor is focused on targeted cost of living relief. Asked whether Labor would bring any new taxes to the upcoming federal election, Jim Chalmers said, âno, our focus is on the tax...[Read More]
Find out about obtaining shares and what tax deductions you can claim
16 January
You can obtain shares in several ways, most commonly by buying them. You should keep track of your share transactions so you can claim everything youâre entitled to and work out your tax accurately.  You can obtain shares through: Buying...[Read More]
4 great reasons to hire a bookkeeper
9 January
 Did you ever hire a bookkeeper to help you keep track of your expenses and tax obligations? If not, find out why now may be the best time to do so.  Bookkeeping is an essential component of any organisation. To focus on other tasks, such as...[Read More]
Tax planning strategies for small businesses
2 January
Every dollar counts in business, especially for small enterprises. Therefore, you need to find ways to minimise your tax liability in addition to optimising income or profit. Â With a small business tax planning strategy, you can increase profits...[Read More]
Position your business for a strong start in 2025
26 December
As the new year approaches, now is the perfect time to strategise and set the groundwork for a thriving business in 2025. Launching a business thatâs poised for sustainable growth begins with a clear vision, a well-defined operational strategy,...[Read More]
Super concessions take biggest bite from the budget
19 December
Major cost-of-living measures arenât on the cards in the federal budget update because of a $25 billion hit to the books, as data reveals new drags on the bottom line. The mid-year economic and fiscal outlook will show more than $16 billion in...[Read More]
GP payroll tax, first homebuyer stamp duty scrapped
18 December
A tax purported to make GP visits cost more and a barrier to entering the housing market have been removed by a state government fulfilling more of its election promises. The Liberal National government scrapped a âpatientâs taxâ during the...[Read More]
Tax on large withdrawals floated to future-proof super
12 December
Retirees might be more inclined to use super for its intended purpose â income for retirement â under a proposal to tax oversized withdrawals. Four actuaries have waded into the ever-contentious tax debate with a discussion paper thrashing out...[Read More]
Red tape cut for business but taxes stuck fast
12 December
Businesses can look forward to less red tape as a state government prepares to axe half its regulators, but they shouldnât hold their breath for tax changes. The plan, which could save businesses $500 million over five years, was launched as part...[Read More]
Your accountant can be used as a mentor for a new business
5 December
Starting a business can be a tricky time, with so many systems to put in place and so little room for error. One of the best ways to get ahead of the curve is to develop a working relationship with a professional mentor, someone who has been through...[Read More]
âSurpriseâ budget windfalls drying up, economists warn
28 November
Australia is waving goodbye to budget surpluses and returning abruptly to deficit, facing a $49 billion deterioration in the bottom line as per forecasts from leading economists. The $15.8 billion surplus logged in the last financial year to...[Read More]
âAll about jobsâ: minister spruiks net zero tax breaks
28 November
Failing to secure production tax credits for critical minerals and renewable hydrogen will be a blow to industry and jobs, the federal resources minister has posited in a bid to drum up political support for the key Labor policy. Madeleine King...[Read More]
Some tips to help grow your superannuation
31 October
Retirement is a period most people eagerly anticipate. Itâs that wonderful stage of life when you can finally unwind and spend your time as you please. You can even spend retirement focusing on the businesses youâve been planning and have put...[Read More]
HECS debts lump students with future mortgage misery
21 November
As political parties squabble over wiping university student debt, new figures show paying off a HECS loan may impact graduatesâ borrowing power for a mortgage by almost $100,000. Research from Compare the Market revealed a university student...[Read More]