The repeal of the Mineral Resources Tax by the Federal Government has resulted in the scaling back of capital allowance concessions from 1 January 2014. Business owners should make... read more →
Businesses that are run from home can claim deductions on their tax return. 1. Cost of room’s utilities These claims must be apportioned and if the portion is based... read more →
Employers who are not meeting their super obligations may lose the tax deduction they would normally receive for super contributions. They will also have to pay a superannuation guarantee charge... read more →
25 Entrepreneurs Tell What They Wish They'd Known Before Funding Their First Startup.
This article focuses on director liabilities and we revisit two (2) old insolvency chestnuts relating to director exposure – insolvent trading and unreasonable director related transactions. Not again you say? Before... read more →
The Federal Government has introduced a series of reforms, known as ‘Stronger Super.’ These reforms are set to deliver major changes to Australia’s superannuation system. Stronger Super will impact super... read more →
It is that time of year again and below are a number of 2014 year end tax tips that may assist you. Bad debts Bad debts are taxable... read more →
From 1 April 2014 taxpayers will be required to provide their financial institution account (FIA) details when lodging fringe benefit tax returns. From 1 July 2014 taxpayers will be... read more →
It is an ideal time for individuals to review their investment situation and take the opportunity to minimise their tax obligations. Here is a list of tax tips for... read more →
In the Budget, the government announced the super guarantee rate will increase from 9.25% to 9.5% from 1 July 2014. The rate will remain at 9.5% until 30 June 2018... read more →