The Tax Implications of the Sharing Economy: What You Need To Know In Australia, any income earned by a job may be considered taxable income. Those who receive their income ...

Maximising Your Tax Deductions As A Home-Based Business Small business owners may be able to claim deductions for the costs of using their home as a principal place of business ...

Declaring Superannuation Contributions On Your Return In some circumstances, superannuation contributions can be claimed on your tax return if they are made to a super fund or retirement savings account. ...

Don’t Forget To Declare All Investment Income In Your Return! If you’ve made a major investment in the last financial year, any income made from it will need to be ...

Which Structure Would Suit Your Business? One of the most important decisions you have to make before you start is in what structure your business will be operating under. This ...

What Does Payday Super Actually Mean? There’s been a lot of buzz around superannuation since the 2023-24 Federal Budget was announced. One such buzz involves the concept of ‘payday super’. ...

Time For A Business Health Check-Up? With the end of the financial year approaching, now is the perfect time to conduct a business ‘health check’ so that you can come ...

What Do You Need To Know To Get Out Of An SMSF? If you’re a trustee of a self-managed super fund, some reasons or circumstances could have emerged that may ...

How Do Partnerships Operate? Starting a partnership may be a high-yielding decision whether you are in the business game or setting your sights on a new business venture. A partnership ...

New Work From Home Rules For Claiming Tax Deductions With a new norm surrounding how Australians work (hybrid, remote or office-based), there has been a change in how work-related expenses ...

What’s Happening To Super With Balances of Over $3 Million? In February, the government announced a change to superannuation, introducing a new tax that will apply to member balances above ...

Strategies For Creating A Business (And Growing From There) Creating a business is not an easy avenue to explore. It requires commitment, frequent planning, substantial financing and good business sense. ...

Super Fund Fees – Are Yours High, Medium or Low? No matter the kind of super fund you opt for, or how it has been performing, you will be subject ...

How Does Superannuation & Contracting Work? Contractors who run their own business and sell their services to others have different obligations to their super than what employees in a business ...

Uncomplicating The Tax Treatment Of Life Insurance Have you recently purchased life insurance? The type of cover, deductibility of premiums and treatment of claims make life insurance a complex topic ...

Starting A New Business? Is 2023 bringing you a fresh start regarding your business adventures? You may even be looking to start your next adventure on your terms.  Why not ...

Advantages & Disadvantages of Property Downsizing For Retirees Downsizing during retirement can help you reduce costs and put some more money in your pocket so that you feel more secure ...

FBT, The Holiday Season & Your Employees At the end of the year, you may be looking for extrinsic ways to thank your hardworking employees or faithful customers/clients. A work ...

Keep Your Friends Close & Your Family Closer (Especially When They’re Staff) One of the greatest complaints small employers have is how difficult it is to find good employees. But ...

Binding Death Benefit Nominations Are An Important Part Of Your Estate Planning You must make a binding death benefit nomination to maintain control and certainty over who will inherit your ...

Self-Employed Individuals & Super Aren’t Mutually Exclusive Superannuation may not be the first thing that springs to mind as a self-employed individual, but just like how looking after your tax ...

3 Things To Know Tax-Wise Before Buying A Car For Your Business Regardless of whether or not the owner is a company or an employee, a car purchased for business ...

Business Automation: How Could You Benefit? With client needs and team capabilities constantly changing within the business world, we recommend you pause and reflect on your own critical business processes ...

Can You Use Existing Superannuation To Pay Off An Existing Mortgage? A relationship has been established around superannuation and mortgage debt that could impact the stability of your retirement. As ...

Cash In Hand Compliance Concerns For Businesses & Individuals Alike If your business earns a part of its income in cold, hard cash, be prepared to have the Australian Taxation ...

Common GST Mistakes That You Might Be Making In Your BAS GST is an area that commonly has mistakes made in it – mistakes that can be costly and require ...

The Proposed Electric Vehicle FBT Exemption On Everyone’s Minds You may have heard a lot of buzz in the news regarding electric cars. What was once a car for the ...

Super Guarantee Payments & Your Employees – What You Need To Know Superannuation payments need to be made to your employees, otherwise, stringent penalties can be implemented that could be ...