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Insights
Professional Services Insights Update - August 2022
As part of my Chairman’s Address this month, I wanted to take this opportunity to share my thoughts on the Professional Services industry and the current business factors impacting those within the sector and of a similar nature.
Talent Acquisition Strategies: Employer Branding & Agency Partnerships
In our latest Building Your Business podcast episode, Chris Lewis hosts Wayne Clark - Director, Maxwell Stone Consulting and Smiljan Jankovic (AGR Managing Director) as they discuss how businesses can build their talent attraction strategy and the connection between your brand and employee recruitment.
NALI vs. NALE Transactions - Superannuation Update
For those operating a Self-Managed Super Fund, the Australian Tax Office has released new rulings relating to an increased focus on tax treatments surrounding ‘Non-Arm’s Length Income’ (NALI) and ‘Non-Arm’s Length Expense’ (NALE) transactions.
The Importance of Bookkeeping for Your Business
For all businesses, regardless of size, maintaining confident and accurate financial information is essential in building a successful venture. Therefore, ensuring you have the appropriate bookkeeping functions and systems is critical moving forward.
Employee Share Scheme - New Legislation from 1 October 2022
As originally announced in this year's March Federal Budget by the then-Morrison Government, new reforms surrounding Employee Share Schemes (ESS) available to employees have now received Royal Assent, with revised legislation to take effect from 1 October 2022.
New Rules for Allocating Professional Firm Profits - July 2022
As of 1 July 2022, new legislation has now taken effect which details the Australian Tax Office’s compliance approach to the allocation of profits or income from Professional Firms as assessable income to the ‘Individual Professional Practitioner’ (IPP).
Work-from-Home Tax Deductions in 2022 and Beyond
For Individual taxpayers, July presents an ideal time to get ahead in lodging your Income Tax Return for the pervious Financial Year. In claiming all appropriate deductions, you can potentially lower your tax obligations.
Tax Implications Involved in Principal Place of Residence Subdivision
As house prices continue to remain high in a competitive market, for those with a significant portion of land, the attraction of subdividing the family block may appeal as a source to increase wealth, build a property portfolio, or downsize for retirement.
How to Build a Business Development Strategy for My Business
One of the most common issues raised by business owners during the New Financial Year period often pertains to how to build a continuous ‘pipeline’ of leads and potential clients, which can be converted into increased revenue and business growth over time.
QLD State Budget 2022/23 - Key Highlights
Over the past 24 hours, the Palaszczuk Government released their QLD State Budget 2022-23, dedicated to creating more jobs across industries, delivering better services, and protecting the Queensland lifestyle.