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As we dive into the 2025–26 financial year, staying informed about the latest tax changes is essential for individuals, property investors, and small businesses. At Wakefield Business Group, we’re here to […]

      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.

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.

      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

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

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

When starting a business, understanding the different business structures and their tax implications is crucial. Here are the primary business structures in Australia and their key tax responsibilities:1. Sole Trader

🌟 Keeping Up with Fair Wages in Australia 🌟 As we step into 2024 Financial Year, it’s essential to recognize Australia’s commitment to ensuring fair compensation through its updated minimum

  To use the home office set rate of 67 cents per hour you must have full diary records of hours done. An estimate is not acceptable Work-related expenses for