Practice News
Advice for businesses and individuals affected by the Covid-19 crisis
Advice for businesses and individual affected by the Covid-19 crisis As our clients suffer through this unprecedented crisis that is affecting a huge sector …
Victorian State Government Stimulus Package
On Saturday the 21st March, the Victorian State Government announced a range of measures to assist businesses affected by the covid-19 crisis. The measures include: …
The Federal Stimulus Package: What You Need to Know
The Government has announced a $17.6 billion stimulus package (and an additional $31.9m billion announced 22nd to support the economy through the impact of the …
Your Knowledge Update -March 2020
Inside this month’s Your Knowledge Update, a timely discussion about preparing your business for a crisis, the FBT problem areas being looked at by the …
Important Changes to Buying and Holding Properties in Trusts
From 1st March 2020, the State Revenue Office are changing their interpretation on the way they apply the foreign purchaser duty to discretionary trusts. Previously …
Why your Self Managed Super Fund needs to comply
To maintain the benefit of concessional tax treatment, it is important for a self managed superannuation fund to be a complying fund ie it complies …
Correcting PAYG Withholding Mistakes
The Tax Office has provided information on what to do if you make an error with your PAYG Withholding. With the introduction of single touch …
The Age Old Question – Employee or Contractor?
It’s an area that can be easy pickings for the regulatory bodies sometimes, so making sure you understand the difference in your business is crucial. …
Associate Position Promotions – Jarrad Andrews & Adam Burgess
We are very please to announce that two of our senior accountants, Jarrad and Adam, have been offered and accepted positions as Associates here at …
Your Knowledge Update -February 2020
Inside this month’s Your Knowledge Update; we explore the important legislative changes to CGT & the family home which effect Australian non-residents and summarise the …
Your Knowledge Update -November 2019
Inside this month’s Your Knowledge Update; the vacant land deduction changes that will hit ‘Mum & Dad’ property developers, the changes to how SG is …
The First Home Loan Deposit Scheme
The Federal Government has recently passed new legislation through Parliament to introduce the First Home Loan Deposit Scheme. The scheme acts as a way for …
Understanding Your Preservation Age
What is your preservation age and what does it mean for you? There is a misconception out there that everyone’s preservation age is 55, however …
Alert for all Self Managed Superannuation Funds
As of 1st October 2019, the ATO will alter an SMSF’s status on the Government’s ‘Super Fund …
Your Knowledge Update -October 2019
Inside this month’s Your Knowledge Update; the superannuation guarantee amnesty, what the historically low interest rates mean for you and an alert about trust distributions …
Claiming Work-Related Expenses
The ATO have introduced a new schedule for personal income tax returns for the 2019 income year. This new schedule is in response to the …
Your Knowledge Update -September 2019
Inside this month’s Your Knowledge Update, the ATO is clamping down on undisclosed foreign income, what rental property expenses you can and can’t claim and …
Low Income Tax Offset (LITO) And Low and Middle Income Tax Offset (LMITO)
From the financial year 2019 through to 2022, there are two tax offsets with similar sounding names that taxpayers may be able to qualify for …
