Effective Budgeting Tips for You
As we approach the end of the current financial year, it’s time to gear up for the year ahead. Budgeting plays a pivotal role in managing your finances, whether you’re […]
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Accounting & Tax
Why is my tax refund lower this time?
There could be several reasons why your tax refund this year is lower than you expected. Here are some common factors that can impact the size of your tax refund:
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How to claim repairs, maintenance and improvements
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
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Director Identification Number
The deadline for Director Identification Numbers is approaching. If you are a company director and have not yet obtained a DIN please take action ASAP. How to apply for
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Vulnerability of SMEs
Cyber threats are spreading widely across small businesses. According to Cisco, more than 50% of small and medium-sized enterprises (SMEs) were targets of cyber incidents. SMEs become victims mainly due
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ATO – Reporting Tax Defaults to Credit Bureaus
The ATO may report your business tax debt to credit reporting agencies if the following criteria are met: You have an Australian business number (ABN) and are not an excluded
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Expenses That Can Be Claimed As A Deduction in (SMSF)
This article will explore the types and nature of expenses that can be claimed as a deduction by Self- Managed Funds (SMFs). There are certain types of expenses that can
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Minimum Wage Increase and Changes in Super
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
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Looking to invest in Cryptocurrency through your SMSF?
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
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SUPERANNUATION CHANGES FOR FY 2022
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
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