Keeping business owners up-to-date and aware. From crucial business information hitting the headlines to shared business expertise on a wide range of areas. Take a break and read on.
Instant Asset Write-Off
Since the budget, the ALP have announced a 12 month extension...
New wage theft legislation has been implemented as of...
Who are the Winners and Losers?
Winners
I. Taxpayers - reducing the lower personal...The importance of tax planning
As part of our comprehensive tax and business...
What is FBT?
FBT is a tax paid by employers on certain perks provided to employees or...
Online accounting...
Whether GST is applicable depends on the...
Goods and Services Tax (GST) in Australia is a tax of 10% levied on most...
Asset protection is the practice of safeguarding your wealth...
Superannuation is a crucial part of...
Bonuses are generally extra payments awarded to employees at the employer's...
Bonuses are additional payments sometimes given to...
Land tax is a state-based tax charged on the value of land your land...
An equipment...
Investing in long-term rental properties or short-term...
Most companies reported their financial year...
Depreciation is the method of allocating the...
Superannuation is a critical...
It is common knowledge that many businesses are currently struggling...
The headline inflation rate for the year ended 30 June 2024...
A Trust is a relationship between a person or organisation (the...
Section 100A intends to impose a tax liability (at the highest...
Operating a business is not...
Over the last few years, Australia’s economy has been...
One of the headline features of the budget...
In terms of contributing funds into super, there are...
Anticipating how tax may look year on year is crucial...
The employer is responsible for paying FBT, and it is based on the taxable...
Fringe Benefits Tax (FBT) is a tax paid by employers on non-cash...
The below table is a summary of the changes, compared to Scott Morrison’s original stage...
Firstly, let's start by dispelling a common misconception in...
Job satisfaction is a key motivator in evoking optimal performance...
Employers in Australia generally have an...
There are a few practical components you need to be...
Due diligence refers to the comprehensive...
Compulsory
Injury at work can be a very stressful time...
The last year was yet another reminder of just how...
Both the Technology Investment Boost and the...
It’s important to understand the difference...
Selling your business, or a...
Firstly, it is important to understand what you are buying – whether that is...
Deciding on a suitable structure for your...
The amount to be paid will depend on several things:
Generally, the net income of a trust is distributed to the...
Your employees are the people keeping your business...
Xero, QuickBooks and MYOB all have their...
Simply put, Division 293 tax is an additional tax that...
Australia's inflation rate as at January 2023 is at 7.4%....
It’s entirely possible that there are income streams you’re not...
I should point out from the outset that these measures are only...
The Instant Asset Write-Off Scheme was...
A year-to-date review will provide you with the information you need...
As a recap from last week’s Fringe Benefits Tax (FBT) blog...
On the first Tuesday of every month, the RBA...
The Taxation Administration Act 1953 (Cth) provides...
Death is not a taxable event in and of itself in Australia, compared to...
The Privacy Act requires organisations to notify those impacted by certain data...
Buying a property in your personal name is a good option. If you own your...
According to...
Fringe Benefits Tax (FBT) is a tax on the non-cash benefits...
The interest rate that is intended to be charged on...
The sun is out, the ocean is sparkling, cicadas are chirping and Marnus Labuschagne &...
Yes, as...
First and foremost, it’s the interactions with all the people we work...
Face-to-face catch ups with family will certainly be a priority over...
The following list of dates relate primarily to your tax and...
Under the current STP regime, payroll information...
To be eligible, you must demonstrate a decline in turnover of 30% or more for...
Perhaps you’re just setting up your...
That’s what happened to Carrie and Jess, two sisters who started a women’s footwear...
The budget will provide a $1.7 billion cash flow boost for businesses with...
Generally, someone is recognised as a foreign person if they...
The scheme is designed to give businesses incentive to hire...
Below we have summarised the proposed measures that are applicable based on the...
The proposed tax cuts were originally planned to be implemented from 1 July 2022 however...
The areas most relevant to businesses have been linked to more detailed articles below....
In order to qualify for the extensions, your...
If you have employees who:
One-off grants will be made...
As flagged in our previous article around JobKeeper and JobSeeker extensions on 21 July...
Today the Federal government has announced the much anticipated changes to the...
If you are looking to apply for the JobKeeper Payment yourself...
To ensure you are kept up to date with the most recent...
If you would like to discuss any of these measures and what they mean for you and your...
Above is the FAQs Fact Sheet available from...
See above for the most recent ...
See above for...
See above...
See above for the most recent ...
All of these factors are out of our control, so how are we reacting?
...
We are all aware of the devastation these events are causing in Australia, so this...
Well 12 months on and the cycle has not turned. In fact we now find
It can be a daunting task to think of the potential hurdles your business may come across...
Record keeping is probably one of the less-exciting, but very necessary parts of...
A property is generally considered to be your main...
In case you've missed seeing these, and while you still have an opportunity to plan for...
Below is a summary of some of the key changes to property-related taxation laws along...
It has been interesting to assess the post-election opinions in the media. One fairly...
Here’s a run down of what types of event costs can be claimed as a tax deduction and what...
This follows on from BLG’s previous blog Single Touch Payroll In Practice written by my...
The decision of whether to lease a business premises or buy your own can be a difficult...
When starting out it is important to arm yourself with as much knowledge as you can. This...
Whether dealing with your business or personal affairs,...
The lack of detail typical with most election policy announcements does not make the...
There was a selection of both local and international speakers that represented different...
Despite the Labor party holding a seemingly unbeatable position prior to Christmas, the...
The proposed changes mean higher interest charges and shorter repayment terms on some...
This blog will touch on some of the concessions currently available to primary producers...
You would like to make the best use of these rooms however you’re not sure which...
The...
GP supervisors take part in the...
Generally a business that is considered a small business entity has access to certain tax...
Interest deductibility is determined under the general deduction...
When preparing information to put forward to a lender, it is important to present a well...
It is also not surprising that work can have a significant impact on our happiness and...
Whilst all individuals are unique, there are four traits that I have consistently...
Instead I thought I would share with you a kind of short-term personal to-do-list.
Upon...
Such scams are becoming harder to spot, as the perpetrators are becoming increasingly...
For contracts entered into after 1 July 2018, purchasers of new residential premises or ...
As an Australian tax...
When preparing a tax return for your rental property, there are a...
Buying a pharmacy is no different, and while every pharmacy is unique in its own way,...
Whereas most people can, health-permitting, choose a time frame for retirement, business...
Before you look at issues within your business such as pricing, purchases, wages etc, you...
You can receive PSI in almost any industry as a trade or profession and this includes...
Renting out a room to a Pathology provider can be a potential revenue stream....
The main changes to the Pharmacy Location Rules are as follows:
If you are looking to at this option within your medical practice, ensure you consider...
Imagine you’re in west of Renmark on the Murray River in South Australia. You have to...
Initially like most I was put off by the high price tag and was skeptical about the...
The increase of around 1.5% sits lower than the 2% CPI over the last two years, and...
Below we have discussed some of the common reasons why people look to acquire a business...
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