2023 Federal Budget Highlights
Here are the highlights from the 2023 Federal Budget, handed down by Treasurer Jim Chalmers on 9 May 2023. Businesses The instant asset write-off threshold for small businesses applying the…
Have you got all your last quarter obligations under control?
Now that we're in April, we have our final 3 months to finalise tax planning for the 2023 income year. Despite the need for tax planning, April and May are…
How good is ChatGPT at tax?
Not being paranoid or anything but we were curious about the skills of the latest innovation to take the world by storm, ChatGPT, and its ability to work with the…
Can you prevent a hack?
In the wake of the Optus data leak, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act from $2.2m to up to…
2022-23 Federal Budget 2.0
The second 2022-23 Federal Budget was announced on 25 October 2022. There is nothing in the 2022-23 Federal Budget 2.0 that will create a UK style crisis. Most funding initiatives…
Apply for director ID now and beat the rush!
Directors need to apply for their director identification number (director ID) by 30 November 2022. If you have a corporate trustee for your self-managed super fund (SMSF), then you're a company director,…
How high will interest rates go?
The RBA lifted the cash rate to 1.85% in early August 2022. The increase comes a few weeks after Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum…
Get your 2022 Taxes done now!
It is this time again - tax-filing season is here. Let’s face it, for most Australians doing your annual ATO tax return isn’t an exciting time. It can involve uncertainty, frustration…
Happy New Financial Year!
What are your business goals for 2022? The beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what…
What’s changing on 1 July 2022?
A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For Your Business Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate…