by Cindy Su | May 15, 2023 | ATO, Business, COVID-19, Depreciation, EOFY, Finance, Income Tax Returns, Interest Rates, Job Keeper, Property Investment, SMSF, Tax & Accounting, Tax Planning, Tax Returns
The 2023-2024 Federal Budget was introduced amid daunting economic challenges, including high inflation, escalating interest rates, a persistent housing supply crisis, and an unstable global financial market. Nevertheless, the budget offers a glimmer of hope as it...
by David Naylor | May 7, 2023 | EOFY, Interest Rates, Tax & Accounting, Tax Planning, Tax Returns
Are you An employer? At a glance: The super guarantee (SG) rate will increase from 10.5% to 11% on 1 July 2023. You should Update your payroll systems to align with the increase; the new SG rate applies to payments made to workers on or after 1 July 2023. Contact us...
by Cindy Su | May 7, 2023 | EOFY, Interest Rates, Tax & Accounting, Tax Planning, Tax Returns
Are you A taxpayer who has private health insurance? At a glance: On 1 July 2023 (for the 2023-24 income year), the income thresholds for the calculation of the private health insurance rebate will change. You should Contact us if you require clarification or advice....
by Cindy Su | Apr 13, 2023 | Business, EOFY, Small Business, Tax & Accounting, Tax Planning, Tax Returns
Are you A business who intends purchasing or improving an asset before 30 June 2023? At a glance: You are still able to deduct the full cost of eligible assets up until 30 June 2023. You should Contact us if you require any clarification or advice Some pointers about...
by Cindy Su | Mar 10, 2023 | Income Tax Returns, Small Business, Tax & Accounting, Tax Returns
Running a business is always challenging. Between inventory, paperwork, and taxes, having your own business can sometimes feel like an uphill battle. But don’t let the confusion of filing tax returns get you down, small business owners can take advantage of...
by Chan & Naylor | Jun 1, 2022 | Tax & Accounting, Tax Planning, Tax Returns
As we head into the new financial year, we have curated a list of facts that you should consider, when planning your EOFY tax returns. If you are considering tax planning issues for 30 June 2022 and beyond, the following information will provide you with some...
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