May 2022 Newsletter
Welcome to our May newsletter
Happy Mothers Day to all the wonderful mums!
TAX TIME
Tax...
Tax and your website: What can you claim?
Most small businesses and independent contractors have a website these days. If you are planning to launch a new website or refreshing an existing one, it’s important to understand the tax implications. As with all things tax, it’s not always…
Tax offset v tax deduction: What’s the difference?
This year’s Federal Budget was full of talk about one-off support for households in the form of tax offsets, but most people are a bit hazy on the difference between a tax offset and a tax deduction. Both can help…
Avoiding emotional bias in financial decision making
Our emotions colour every aspect of our lives including our financial lives. Recognising how emotions can influence your financial decision making puts your rational side back in the driver’s seat and can help you to achieve positive outcomes in business…
In family we trust
Family trusts have come under close scrutiny from government and the Tax Office over the years, but they are still a popular wealth management tool for Australian families. While trusts are set up for a range of reasons, it’s important…
Salary sacrifice to cut tax and boost your super
This time of year, people’s thoughts start turning to their tax return, but it can also be a good time to set things up so you don’t pay more tax than required next financial year. Simply talking to your employer…