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...

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...

Tax deductions for topping up super You can make up to $27,500 in concessional contributions each year assuming your super balance has...

The Fringe Benefits Tax (FBT) year ended on 31 March. We’ve outlined the hot spots for employers and employees. FBT updates and problem...

In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction...

The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences...

The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses....

From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and...

A friend’s accountant suggested that they could reduce interest on non-deductible debt by using company cash to offset their personal...

The Government has announced that it will enshrine a right to superannuation payments in the National Employment Standards (NES)....

Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new...

Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner...