Tax

The Importance of Tax Planning - Establishing the Right Strategies for your Business

May 25, 2022

For business owners, as we approach the End of the Financial Year, it is important to gain a true understanding of your potential tax position & establish a variety of business strategies for EOFY22 and leading into FY23.

ATO Priority Areas for the 2022 Financial Year

May 23, 2022

After two years of significant spending by the Government amid the COVID-19 pandemic in providing financial assistance to businesses and individuals, the Government will now be looking at ways to boost revenue and recoup the money spent to support the economy through the pandemic. With increased funding being provided to the ATO, we can expect to see a rise in the level of review and audit activity in areas the ATO believe mistakes are being made by taxpayers.

Proposed New Tax Residency Rules for Expats

Mar 22, 2022

As Australia re-opens its international borders in a return to ‘normal’ life following forced closures throughout the COVID-19 pandemic, many expatriates may be considering this as an ideal time to return home to family and friends – resettling life back Down Under.

A Guide to the Commonly Asked Questions & Mistakes Seen when Lodging Financials with QBCC

Mar 09, 2022

For operators within the Building & Construction industry, maintaining regulatory compliance and financial reporting is essential in complying with obligations set by the Queensland Building & Construction Commission, ensuring continuation of QBCC license and the ability to complete and undertake new projects & work.

Fuel Tax Credits - New Credit Rates Update | February 2022

Feb 07, 2022

For businesses managing a vehicle fleet, the Fuel Tax Credits scheme can be an excellent route for operators to claim full or partial credits for the fuel tax (excise or customs duty) that's included in the price of fuel.

Single Touch Payroll - Phase Two commencing from 1 January 2022

Nov 30, 2021

Following the successful roll-out of Single Touch Payroll reporting in 2019, the Australian Tax Office has introduced an expansion of the program (as outlined in the 2019-20 Federal Budget), with ‘Phase Two’ due to commence from 1 January 2022.

FBT Considerations for Work Christmas Parties and Gifts

Nov 10, 2021

As we approach the Christmas period, many businesses will now be considering the festive season, with planning and organisation of celebrations for workplaces, employees, and clients & associates well underway.