Tax Deductions for Business Food & Drink
Did you know that certain food and drink expenses can be considered business expenses and hence tax deductible?
Tax updates
Are you STP 2-ready?
Single-touch-payroll or STP is monthly online payroll submission directly from payroll software to replace annual manual payroll reporting. Phase 2 requires all businesses to start submitting payroll data by the 31st of March 2023.
Working from Home? Did you know there are new rules for claiming tax deductions?
For the 2022-23 financial year, the shortcut method will be discontinued. Only two methods are available to calculate these deductions: a revised fixed rate and the actual cost method.
A Guide to Director Duties
As a director, you hold significant responsibilities regarding the operation and management of the company. Here are several obligations you must fulfill as a director.
Shared Equity Scheme
Much welcoming news to the housing market that the Government has funded $780 million to help homeowners and buyers in specific categories under the Shared Equity Scheme
Backpacker Tax Refund
If you are a backpacker or travelling in Australia on a working holiday visa, you could be entitled to a tax refund!
2022-23 Federal Budget
On March 29th, 2022, Treasurer Josh Frydenberg announced the Federal Budget for 2022-23. Here are some key takeaways you should know.
Super Contribution Changes from 1 July 2022
On the July 1st, 2022, various changes to superannuation contributions will come into effect.
Disaster Recovery Small Business Grant
Is your business affected by the storms and flooding the past few months? The NSW Government is providing a disaster recovery grant for small businesses and not-for-profit organisation.
Temporary Full Expensing
As a temporary COVID relief up to 30 June 2023, the ATO has allowed immediate expensing of asset in full cost in the first year.