Blog

April 2024 Round Up This month we bring you updates from the senate on the new super tax bill, compliance tips as FBT season kicks off and solvency tips from our team. Click to read below: 1. Support Growing for changes to new super tax bill 2. Common FBT mistakes flagged as FBT season kicks

March Round up Summary and impacts of changes to the tax brackets and tax rates On 27 February 2024, Parliament passed the Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024 (the Bill) containing the Government’s revisions to the Stage 3 personal tax cuts, which take effect from the 2024–25 financial year. At the

February Round up Keeping you up-to-date in February 2024, we explore crucial aspects of property ownership, diving into the differences between joint tenants and tenants in common. Additionally, we shed light on the downsizer contribution rules, allowing those 55 and above to boost their superannuation. Don’t miss the insights on the last year for the

November and Christmas Round up With Christmas just around the corner, this month’s accounting and SMSF round up looks at the Fringe Benefit Tax and how to keep your Christmas parties and gifts tax friendly. 1. Christmas Parties and Fringe Benefit Tax2. Christmas Gifts and Fringe Benefit Tax Christmas Parties and FBT With work Christmas

October Round up Our October Roundup focuses on: 1. Cryptocurrency2. Deductions for superannuation contributions3. Gifts and donations Cryptocurrency Crypto assets are a digital representation of value that you can transfer, store, or trade electronically. Crypto assets are a subset of digital assets that use cryptography to protect digital data and distributed ledger technology to record

September Roundup Our September Roundup focuses on GST rules and maximising GST claims, differences in paying employees travel or living-away-from-home allowances, considerations for appointing SMSF auditors and tax implications of the sharing economy. GST refresher for your business Most businesses are familiar with how GST works. But here are a few reminders to make sure