One of the most common mistakes made by property investors when completing their annual tax return is confusing repairs, maintenance and improvements. It’s important to understand and distinguish each deduction […]
How to claim repairs, maintenance and improvements Read More »
If you are an employer, please note the minimum wages have been revised in Australia with effect from 01 July 2022. The national minimum wage rate increased from $20.33 to
Minimum Wage Increase and Changes in Super Read More »
As the end of the financial year is just around the corner, are you ready to Finalise payroll and undertake all compliance requirements for 2022. As an employer, You need
EOFY Payroll Requirements Read More »
Things to consider before investing in cryptocurrency: Check if the trust deed allows investment in digital currency (Cryptocurrency). Make sure the cryptocurrency is purchased in the name of the fund
Looking to invest in Cryptocurrency through your SMSF? Read More »
From the 1st of July 2022, two crucial super guarantee (SG) changes will apply to your business The SG rate is increasing by 0.5% (10% to 10.5%) The $450 per
SUPERANNUATION CHANGES FOR FY 2022 Read More »
Coming up to 30 June is a great time to review your tax position. There is nothing worse than receiving an unexpected nasty tax bill. There are legitimate ways to
Most people who have private health cover are not aware of how the private health insurance offset works. Your health fund automatically applies a 25% offset to your health premiums.
PRIVATE HEALTH INSURANCE OFFSET Read More »
The government has made a few changes in regards to the Instant Asset Write Off for the 2022 and 2023 financial years because there has been an extension made to
Instant Asset Write-Off Read More »
If you haven’t owned your investment property for a full year you can still claim depreciation deductions this tax time. Depreciation deductions can be claimed pro-rata for the period a
Claim Depreciation This Financial Year Read More »
The transitional period where new directors were given 28 days from the date of their appointment to obtain their director ID has ended. Starting 5th of April 2022, it is mandatory to
Important Changes to Director ID’S Read More »
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