Your Knowledge
Fixed-term employment contracts limited to 2 years
From 6 December 2023, employers can no longer employ an employee on a fixed-term contract that: is for 2 or more years (including...
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Your Knowledge
Oct 11, 20233 min read
$20k deduction for ‘electrifying’ your business
Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We...
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Your Knowledge
Sep 7, 20234 min read
The Billion Dollar TikTok Scandal
$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100...
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Your Knowledge
Aug 10, 20234 min read
Succession: What does it take to hand your business to the next generation?
What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully...
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Your Knowledge
Jul 5, 20236 min read
The 120% technology and skills ‘boost’ deduction
The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to...
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Your Knowledge
Jul 5, 20232 min read
Important: 1 July 2023 wage increases
For employers, incorrectly calculating wages is not portrayed as a mistake, it’s “wage theft.” Beyond the reputational issues of getting...
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Your Knowledge
Jun 27, 20235 min read
Tax savings for the taking!
It’s that time of year when we all look at what last minute things we can do to maximise tax savings. In the wise words of the late Kerry...
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Your Knowledge
Jun 27, 20235 min read
Tax savings for your business
Bring forward the purchase of assets If there are large assets your business needs to buy (or upgrade), you have until 30 June 2023 to...
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Your Knowledge
May 10, 20237 min read
What you need to know about Fringe Benefits Tax
The Fringe Benefits Tax (FBT) year ended on 31 March. We’ve outlined the hot spots for employers and employees. FBT updates and problem...
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Your Knowledge
May 4, 20231 min read
$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 deduction...
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Your Knowledge
May 4, 20235 min read
‘OnlyFans’ Tax Risk Warning
The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences...
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Your Knowledge
May 4, 20232 min read
Question of the month: Company loan to pay down the mortgage
A friend’s accountant suggested that they could reduce interest on non-deductible debt by using company cash to offset their personal...
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