Small Business · Temporary Full Expensing | Small Business Asset Write-Offs Let's talk about Temporary Full Expensing (TFE). What is TFE? What assets can I write-off? What date do you need…
Tax · Immediate Deductions Extended Legislation passed by Parliament last month extends the Temporary Full Expensing rules to cover assets that are first used or…
Small Business · What is a Director Identification Number? | Why do I Need a DIN? Pat Mannix talks about Director Identification Numbers (DIN). What is a DIN? Why do the directors of Australian companies need…
Blog · The ATO’s Attack on Trusts and Trust Distributions Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts…
Financial Updates · Federal Budget 2022-23 The Federal Budget has been brought forward to 29 March 2022. With the pandemic and the war in Ukraine we…
Instructional Videos · Kids Over 18 in a Family Trust | Distributions Pat Mannix talks about the distribution and tax changes that occur within a Family Trust once a child is over…
Tax · Professional Services Firm Profits Guidance Finalised The Australian Taxation Office’s finalised position on the allocation of profits from professional firms starts on 1 July 2022.
Uncategorized · Pandemic Leave Disaster Payments rules change The rules for the Pandemic Leave Disaster Payment, the payment accessible to those who have lost work because they have…
Financial Updates · Year of the Tiger: Roaring or Bellowing? The 2022 Luna New Year, Year of the Tiger, is courage and bravery. It is a year to drive out…
Financial Updates · PCR and RAT tests to be tax deductible, FBT free The Treasurer has announced that PCR and rapid antigen tests (RAT) will be tax deductible for individuals and exempt from…
Tax · ATO assistance for those with overdue payments and lodgments A reminder has been released from the Australian Taxation Office to advise that there is help available for those who…
Small Business · 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…