Are your affairs in order?
Are your affairs in order? Key Points Well-thought-out wills are an essential part of modern business planning and managementNot having a will- or having an out of date will- can…
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ARE YOU PAYING TOO MUCH TAX?
ARE YOU PAYING TOO MUCH TAX? To minimize tax its absolutely essential that at the end of the farm season and BEFORE the end of the financial year you and…
Further Developments on Trust Distributions
Further Developments on Trust Distributions For the many business owners who operate their affairs through discretionary trusts, there have been further developments on the ATO’s planned crackdown on certain distributions…
Contractor or Employee?
Contractor or Employee? With COVID-19 having a significant impact on traditional employment, many people are finding themselves working as a contractor for the first time either by choice or necessity.…
EOFY tips for your tax plan
EOFY tips for your tax plan The financial year is almost over, but there are still effective strategies you may be able to put in place.The aim is to make…
What the “full expensing” write-off deduction means for business
What the "full expensing" write-off deduction means for business The Federal Budget measure of allowing businesses to fully write-off eligible assets is a boon to Australian businesses, even though the…
Federal Budget 2021-22 for Businesses
Federal Budget 2021-22 for Businesses The Government has decided not to go down the austerity path, which will be a relief for many taxpayers and businesses. Rather, the Government has…
ATO’s cyber safety checklist
ATO’s cyber safety checklist Scammers never seem to rest, with even the lastest JobKeeper iteration coming in for some scam treatment. In a new update the ATO reports that it is receiving reports of email scams about JobKeeper and backing business investment claims. “The fake emails say we’re investigating your claims. They ask you to…
A run-down of the new loss carry back measure
A run-down of the new loss carry back measure The last Federal Budget carried with it a number of tax changes that were designed to assist the Australian economy recover from the impact of the COVID-19 pandemic. Among the changes announced was the temporary re-introduction of the loss carry back rules for corporate tax entities…