2022 End Of Financial Year Checklist
Maximise your tax deductions for the 2021-22 financial year by conducting a thorough review of your records. But to do…
Ai-Ling Kong-Kerr Archive
- Tax ·
Immediate Deductions Extended
Legislation passed by Parliament last month extends the Temporary Full Expensing rules to cover assets that are first used or…
Understanding Your Profit & Loss and Balance Sheet Statements
As a business owner it’s crucial that you keep track of your finances. You don’t need to be an expert…
- Tax ·
The ‘Backpacker Tax’ and the High Court
The High Court has ruled that the ‘backpacker tax’ is discriminatory. We look at the impact.
- Tax ·
Overseas gifts and loans in the spotlight
The ATO has recently issued an alert on gifts or loans from overseas. The ATO is particularly concerned about schemes…
Growing your business value
Over the next decade, as the baby boomer bubble of small and medium sized business owners roll through the system,…
- Blog ·
Lock-downs: What help is available
The highly infectious Delta COVID variant is triggering lock-downs across the country. We look at what help is available and…
SGC going to 10% on 1 July 2021
When the compulsory SG contribution payments are increased to 10%, you will need to alter your payroll systems to pay…
Refunds for Tax Losses
If your company has made a loss, you may be able to claim a tax refund for tax previously paid…
- Tax ·
Minimum wage increases by 1.75%
The Fair Work Commission has announced an 1.75% increase to minimum wage starting from the first full pay period after…
- Property ·
Claiming travel expenses for a rental property
Since 2017, the rules surrounding property travel expense claims have been different for residential and commercial properties.
What to remember when hiring contractors over the silly season
Over the busy holiday period, many businesses will begin to use more cleaning and courier contractors to cope with heavy…
