Accounting tips

      Super Contributions For an employer to be entitled to a deduction for superannuation contributions the contribution must be received by the fund on or before 30 June. The SG contribution rate increased to 11.5% ...

Eligible businesses can claim an instant deduction for the business-use cost of assets in the year they’re first used or installed. Key Info · Applies to new and second-hand assets. · Multiple assets can be claimed if ...

      Starting 1 April 2025, the Australian Taxation Office (ATO) is implementing a significant change that could impact your business. Certain small businesses currently lodging their Business Activity Statement (BAS) quarterly will be required to ...

Leverage Tax Savings While Driving Sustainability Australia’s push toward net-zero emissions has made electric vehicles (EVs) a cornerstone of corporate sustainability strategies. For businesses, the federal government’s FBT exemption for eligible EVs offers significant financial incentives to ...

When purchasing a car that exceeds the car limit, special rules apply regarding depreciation and tax deductions. The car limit sets the maximum amount that can be depreciated for tax purposes, and any purchase price above this ...