Being in small to medium-sized businesses, you require an accountant who is aware of the challenges and the opportunities that are presented by the mutations in the industry along with your personal targets.
We are known in this industry for providing efficient advice and resolving the hurdles instantly for your business by viewing sustainability in our minds.
We also simplify the targets of your business into real-world plans, formulate progressive strategies. We also regulate business inspection and valuation and provide fruitful advice on structuring the business.
Our today’s guide is on the Super Co-contribution scheme and how it can significantly impact the retirement savings of low and middle-income earners. What is a Super Co-Contribution? If you're a low or middle-income earner making personal non-concessional...
When you want to access your super early, then you may need to meet a few conditions because there are certain circumstances in which you can claim your super early. The circumstances will be discussed in this blog. When Are You Allowed to Claim Your Super Early? You...
Inflation and Labour Supply According to Michelle Bullock, RBA Governor, inflation is going in the right direction but it intends to return to target slightly more slowly than expected. Though there have been positive indications, there is still uncertainty. In the...
If you don’t want to pay tax on Christmas, then you should read this blog where we’ll discuss a few tips to help you avoid giving the ATO a bonus this festive season. Keep Team Gifts Spontaneous $300 is the minor benefit threshold for FBT so anything at or above this...
From 1 July 2019, section 26-102 ITAA 1997 applies and can reject the deduction for losses or outgoings relating to holding land if there is no substantial and permanent structure available for usage or in usage on the land. Some exceptions apply to the operation of...
Technology Investment Boost In the March 2022 Federal Budget, the Government announced that it will introduce a technology investment boost so that small businesses can take advantage of digital technologies. Eventually, the measure was introduced to Parliament in...
In today’s blog, we’ll discuss the client-to-agent linking process to help you know the steps involved in this process. Let’s get started: What is the Linking Process? To protect you and your clients against identity-related theft, the ATO is improving the security of...
The blog shares the most common questions that are asked by accountants about the absence rule. Does the Absence Rule Apply? Main residence that becomes a rental property and a new property purchased For instance, a person purchased his main residence in January 2015...
The main residence exemption, and the application of the absence rule, remain hot topics. The legislation talking about the main residence absence rule is only 175 words and looks simple enough until applies to real life. In this blog, we’ll discuss everything about...
In a recent case before the Administrative Appeals Tribunal (AAT), it was discovered that while Chobani plain yoghurt is GST-free, the 'flip' range of Chobani is taxable. This demonstrates how fine the dividing line can be between GST-free and taxable foods. In 2000,...