The top Christmas tax questions
Every year, we are asked about the tax impact of various Christmas or holiday related gestures. Here are our top issues: Staff gifts The key to Christmas presents for your…
The ‘Backpacker Tax’ and the High Court
High Court has ruled that the ‘backpacker tax’ is discriminatory. We look at the impact. Since 2017, the ‘backpacker tax’ has taxed the first dollar of income a backpacker earns…
2022: The year ahead
2021 was to be the year we returned to a post-COVID normal however the pandemic has fundamentally changed the way many of us operate in our personal and work lives….
How to set up your Director ID
Directors are now required to register for a unique identification number that they will keep for life. What is a director ID? A director ID is a 15 digit identification…
Are COVID-19 grants and funding tax free?
Most people would think that money provided by the Government to support people and business during a crisis would be tax free? Otherwise, it’s like giving money with one hand…
Growing your business value
Over the next decade, as the baby boomer bubble of small and medium sized business owners roll through the system, Australia will experience one the largest transfers of business wealth…
Work from home expenses under scrutiny & the perils of browsing Facebook
If you worked from home during lockdown and spent money on work related items that were not reimbursed by your business, you might be able to claim some of these…
4 Accounting Trends That Define 2021
Accountants and bookkeepers are part of the front line for many businesses in times of uncertainty. As we move into 2021, we are hopeful industries that showed resilience, grit and…
Knowledge Shop: Jobmaker Hiring Credit Rules Released
The JobMaker Hiring Credit rules have been finalised and applications are now open. In brief Administered through STP, JobMaker provides a payment to employers of $200 per week for eligible…
