
Insights
News and discussion
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Backpackers Tax Refund
May 11, 2022If 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
April 1, 2022On March 29th, 2022, Treasurer Josh Frydenberg announced the Federal Budget for 2022-23. Here are some key takeaways you should know. -
Basic Rules for Claiming Work Expenses
March 30, 2022The basic rules for claiming work expenses. -
Super Contribution Changes from 1 July 2022
March 24, 2022On the July 1st, 2022, various changes to superannuation contributions will come into effect. -
The Importance of Payroll
March 21, 2022Payroll is not just mere routine admin but one of the most important functions of business. -
NSW Floods Financial Assistance | March 2022
March 10, 2022Have you been affected by the March 2022 storms and flooding? Here a list of financial assistance provided by the NSW Government that you may be eligible for. -
Disaster Recovery Small Business Grant
March 2, 2022Is 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
February 25, 2022As a temporary COVID relief up to 30 June 2023, the ATO has allowed immediate expensing of asset in full cost in the first year. -
Starting a new business
February 2, 2022Starting a business is full of challenges and requires a lot of commitment. Here is a guide to help you get started. -
Understanding Cryptocurrency and its Tax Implications Q&A
February 2, 2022Understanding Cryptocurrency and its tax implications during various processes. -
Can you get land tax exemption?
February 2, 2022Determine your eligibility to claim land tax exemptions and concessions depending on how you own or use your land. -
Types of trust and how it works
February 2, 2022Understanding the types of trusts to help you find a trust that suits you and your financial needs. -
Latest Changes to Small Business Fees and Charges Rebate
February 2, 2022NSW Government expands the small business fees and charges rebate to help businesses recover from impacts on COVID-19 -
2022 Government Support for Small Business
February 2, 2022NSW Government launches job-saver style support program for small business for 2022 -
Director ID
November 8, 2021All director's are now required to apply for a director ID. -
October 10 Update on Small Business Financial Support
October 28, 2021New changes to small business financial supports including JobSaver and Micro business grant payments and updates to the small business fees and charges rebate. -
October Update on COVID Support & subsidies
October 22, 2021New updates on COVID support and subsidies including reconfirmation of JobSaver eligibility, small business fees and charges rebate and many more. -
Work from home short-cut method extended
October 6, 2021The ATO has extended the short-cut method to the 2021-22 year. -
JobSaver August Update
August 10, 2021A new update for the JobSaver payment where a new comparison base can be used to apply. -
NSW COVID Grant Update – August
August 10, 20213 alternative decline calculation bases means you may qualify for the NSW COVID Grant -
JobSaver Update
July 26, 2021JobSaver payment is now open for application -
NSW Government COVID-19 Support Update
July 19, 2021Details of eligibility criteria and claim support -
NSW Government COVID-19 Grant for Business
July 15, 2021Get $7,500 if you have a 30% reduction in turnover, $10,500 for 50% reduction, and $15,000 for 70% or more. -
NSW Government COVID-19 Financial Support for Individuals
July 15, 2021COVID-19 Disaster Payment for individuation suffering loss of income from COVID-19 restriction at $600 per week for losing 20 hours or more, or $375 for losing 8 to 20 hours per week -
Credit Impairment – Differences between U.S. GAAP and IFRS
September 1, 2020The IASB and the FASB have each issued new guidance for impairment accounting. -
JobKeeper 2
September 1, 2020The Government has extended JobKeeper to 28 March 2021. Employers seeking to claim payments will need to reassess their eligibility and prove decline in turnover. -
Claim tax deductions for your car
June 23, 2020Know all about tax deductions for your car: what you can claim, how you can claim, and which works best for you. -
Home Office Deductions – the Actual Cost Method
April 8, 2020If you work from home you have 3 alternative methods to claim home office deductions: the shortcut rate method, the fixed rate method and the actual expense method. -
Home Office Deduction – the Fixed Rate Method
April 8, 2020If you work from home you can claim home office deductions at a fixed rate for running costs, and separately claim occupancy, phone and internet expenses. -
Working from home because of COVID-19? Claim a higher home office deduction.
April 8, 2020The ATO has announced a simplified shortcut method for individual taxpayers to claim deductions for working from home as a result of to the Coronavirus shutdown. You can claim 80 cents per hour for the period from March 1 to June 30, 2020. -
NSW Government $10K COVID-19 Grants
April 3, 2020NSW small businesses may be eligible for $10K grants from the State Government to help cope with the COVID-19 shut-down. -
Childcare Relief Package
April 3, 2020The Government's 1.6 billion Childcare Relief will provide free child care to around one million families and provide support for 13,000 child care and early learning services. -
JobKeeper Payment
March 31, 2020The Government announced on the 30 March 2020 that they are providing a JobKeeper payment for eligible employers and their employees. -
Government Coronavirus Stimulus Package
March 26, 2020The key features of the Government’s Coronavirus Stimulus Package as announced on 24 March 2020 for individuals and businesses. -
6 tax questions when starting a business
February 14, 2020When starting a business you will need to look at the right structure, tax obligations and possible deductions, bookkeeping and compliance to tax laws. -
How to use the extended deadlines for tax returns?
July 21, 2018It is common practice to leave tax returns till extended due dates but completing your tax return and knowing your tax position early is advantageous in many ways. -
Sale
July 19, 2018Asset sale An asset sale is where the assets of the business are sold, while the seller retains ownership of … -
5 considerations for choosing a business structure
July 19, 2018Before diving into the features of different business structures, it may be worthwhile to first consider the key factors …5 considerations for choosing a business structure Read More »
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The Pros & Cons of Key Business Structures
July 19, 2018Most common business structures In a separate blog, I outlined “5 factors to consider when choosing a business structure“. In … -
Which is the right business structure for my business
November 3, 2015The most common business structures are: Sole trader Partnership CompanyTrust Regardless of the structure, all business entities must apply for a tax …Which is the right business structure for my business Read More »