Tax
Budget repair begins, tax reform is next
26 October
The Albanese government has been praised for taking the first step towards budget repair by banking its unexpected commodities windfall, with serious tax reform likely to be addressed in future budgets. With government debt expected to hit the...[Read More]
Electric car tax cuts welcome, more wanted
26 October
Federal budget tax cuts for electric cars and moves to create a national electric vehicle charging network in Australia have been welcomed by motoring and environmental groups overnight. The policies could shave $4700 off the cost of buying an...[Read More]
Seven tax planning strategies for small business
19 October
Tried-and-Tested Tax Planning Strategies for Small Businesses Every dollar counts in business, especially for small enterprises. Therefore, you need to find ways to minimise your tax liability in addition to optimising income or profit. With a small...[Read More]
PM insists ‘no change’ on income tax cuts
12 October
Senior ministers are sticking to the script on income tax cuts despite a confusing week of debate about the legislated changes. The Albanese government has been accused of moving to break a central election promise after flying kites over the future...[Read More]
PM reaffirms no change to tax cut policy
12 October
Deputy Prime Minister Richard Marles has defended the Albanese government’s position on the stage three tax cuts, saying it hasn’t gone back on its promise. Mr Marles said while the government was openly discussing the pressures placed on the...[Read More]
Economy woes cloud tax cut ahead of budget
5 October
With a recession looming and rate hikes hurting hip pockets, a fight over tax cuts is escalating as Labor prepares to deliver its first budget in almost a decade. Government ministers have consistently stood by legislated stage-three tax cuts, which...[Read More]
3 tips to grow your superannuation
28 September
Retirement is a period most people eagerly anticipate. It’s that wonderful stage of life when you can finally unwind and spend your time as you please. You can even spend retirement focusing on the businesses you’ve been planning and have put...[Read More]
UN urges higher tax for Aust fuel giants
21 September
The head of the United Nations has called for Australia and other major economies to tax the super profits of fossil fuel companies to help people make ends meet and be protected from climate change. “I am calling on all developed economies to tax...[Read More]
The importance of Single-Touch Payroll
15 September
Do you know what single-touch payroll (STP) is? Most likely, you’ve encountered the term, especially if you own a small business in Australia where STP is mandatory. This requirement applies even to companies employing just a single staff member...[Read More]
How cloud accounting can help make your business better and more efficient
17 August
Does your company still use desktop software or spreadsheets for accounting tasks? If so, then it could be time to upgrade to a cloud-based accounting system. In comparison to on-premises solutions, cloud accounting for small businesses offers...[Read More]
4 Reasons to Hire a Bookkeeper
27 July
Did you ever hire a bookkeeper to help you keep track of your expenses and tax obligations? If not, find out why now may be the best time to do so. 4 Reasons to Hire a Bookkeeper Bookkeeping is an essential component of any organisation. To...[Read More]
[VIDEO] Getting your super started
21 July
It is important to start growing and actively managing your super as early as possible for your retirement. For most people, super begins when you start work and your employer starts paying super for you. If you’re a contractor or a...[Read More]
Thinking about self-managed super?
27 January
(ATO) If you set up a self-managed super fund (SMSF), you’re in charge – you make the investment decisions for the fund and you’re held responsible for complying with the super and tax laws. It’s a major financial decision...[Read More]
Travel between home and work and between workplaces: What you can claim
19 June
(ATO) Trips between home and work are generally considered private travel. In some circumstances, you can claim a deduction for travel between home and work, as well as for some travel between two workplaces. If your travel was partly private, you...[Read More]
[VIDEO] Budgeting, saving & tax calculators
25 September
MoneySmart(ASIC) Our budgeting, saving and tax calculators help you get more control over your money so you can reach your savings goals. Budgeting, saving & tax calculators Budget planner Enables you to: plan your money and work out...[Read More]