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Running your own business can be rewarding. You get to follow your passion, choose who you work with and there is potential for higher financial returns. Being a business owner…

Wishing you all the best for the new financial year! May this financial year be a rewarding year in all aspects of your life, including reaching financial goals and achieving…

The 2019/20 Federal Budget was released by the Treasurer Josh Frydenberg on April 2, 2019. This pre-election budget detailed some significant tax measures including: An increase in the immediate asset…

Increased Luxury Car Tax Refunds Farmers and tourism operators who use luxury vehicles in their business are currently able to access refunds of up to $3,000 of the luxury car…

The Government has again announced superannuation changes in this year’s Budget, which are aimed at increasing contribution opportunities for individuals aged between the ages of 65 and 74. Work Test…

Instant Asset Write-Off The Government has announced an expansion of the instant asset write-off threshold from $25,000 to $30,000, with medium-sized businesses (with a turnover of up to $50m) now…

The Government has announced measures that seek to build on previously legislated changes to reduce personal income tax over the next six years. Low & Middle Income Tax Offset (LMITO)…

In an end of financial year compliance blitz, the Australian Taxation Office (ATO) is targeting small businesses in Victoria, Queensland and the Northern Territory and expects to visit up to…