by Cindy Su | May 7, 2023 | All, Tax and Accounting
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 Ed Chan | Apr 13, 2023 | All, Business
Are you an Employer At a glance: The Fair Work Ombudsman is currently focusing on payroll governance including ensuring pay slips requirements are met. You should Payroll governance measures are important to ensure that you comply with requirements. Contact us if you...
by Cindy Su | Apr 13, 2023 | All, Business, Tax and Accounting
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 Ed Chan | Apr 12, 2023 | All, Property, Supers, Tax and Accounting
When Morrison, as treasurer, limited Super to $1.7m (together with a spouse $3.4m), that meant a 5% return earned $170K in tax-free income (for a couple) and $85K for a single, was sufficient to live on and reversed Superfunds from a tax avoidance vehicle to a genuine...
by Ed Chan | Mar 10, 2023 | All, Business, Property, Trusts
If you are a Small Business owner then you should seriously consider purchasing your residential or commercial investment property in a Property Investors Trust. Some of the questions you may be asking: What is the best entity to own a property in? There are many...
by Cindy Su | Mar 10, 2023 | All, Tax and Accounting
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 Aaron Hickey | Mar 8, 2023 | All, Property
Now more than ever, the question of fixed rates versus variable rates has become a hot topic of conversation. So how do you decide whether to your fix your home loan or not? Whether you are embarking on a new journey of property ownership with a new mortgage, or...
by Ed Chan | Mar 2, 2023 | All, Property, Supers
Recently, the government has proposed higher taxes on Superfunds and limitations on the amounts allowed to be held in a SMSF. In my opinion, this would be a serious long-term mistake, as it may discourage people from becoming self-sufficient and force them to rely on...
by Cindy Su | Feb 13, 2023 | All, Business, Tax and Accounting
New figures from the ATO reveal that it issued 18,500 Director Penalty Notices (DPNs) in 2022 and disclosed the tax debts of almost 500 businesses to credit referral agencies. This new weapon waved in $714 million tax debt payment for the Government agency, and an...
by Ian Seeto | Feb 13, 2023 | All, Property
As we bid farewell to a challenging 2022 and step into the new year, it appears that difficulties may persist for some time to come. But amidst the struggles, there are opportunities to be found. For example, the rise in interest rates has led to a decrease in...
