Small business tax incentives back on the table
Small business tax incentives for training and upskilling employees and improving digital and tech capacity are back on the table.
Business fundamentals: Reliable cashflow, tax planning & effective systems
Business fundamentals include reliable cashflow, tax planning and effective systems. These are instrumental for getting through the tough times, but even more importantly, for being ready to capitalise on opportunities when they come. Here we overview the business fundamentals you need to have in place …
Inflation, wage rises and business uncertainty
Practical strategies for business owners The hits just keep on coming… ongoing effects from COVID, the great resignation, inflation, wage rises and general business uncertainty. But it’s not all bad news, in fact there’s lots you can do to help your business adapt. In this article we outline positive and proactive approaches for running your…
Discretionary trusts and corporate beneficiaries
A recently issued Tax Determination affecting Discretionary Trusts and corporate beneficiaries may have implications for how family groups distribute income.
Superannuation: Employers get ready for changes
Employers need to be aware of two important superannuation changes from 1 July 2022.
Double dip tax deduction warning
Taxpayers are warned not to ’double dip’ on tax deductions. Here are three common items that are often claimed twice.
Reminder: March 2022 Super Guarantee
Employers are reminded that their Superannuation Guarantee obligation for the 1 January 2022 to 31 March 2022 quarter is due by 28 April 2022.
Penalties for small employers failing to commence STP reporting
Small employers are on notice as the ATO gets serious about Single Touch Payroll (STP) reporting.
Super and SMSF changes and what you need to know
Multiple changes to superannuation legislation are now in place and the ATO has put Trustees of SMSFs on notice in relation to record keeping. If you are unsure of your obligations, it’s important to seek advice.
Tax considerations for COVID-19 vaccination incentives and rewards
The ATO has reminded employers to consider their tax and super obligations when employees are provided with incentives or rewards for getting their COVID-19 vaccination. When employees are provided a cash payment, including paid leave for employees to get their COVID-19 vaccination (or additional paid leave to recover from any vaccination side effects), employers should…