November 2022
1 month before Christmas, how are you & your business tracking towards achieving your financial...
Digital and skills tax incentives return
The Government has opened submissions for a 120 percent deduction for tech and training investment, bringing previous Federal Budget announcements one step closer to becoming reality. Business leaders have applauded the move to legislate two measures that will allow organisations…
Taking your business to the next level
Growth is important when it comes to business. To remain viable most companies need to keep evolving, staying ahead of their competitors and innovating to meet the needs of a continually changing marketplace. It’s also personally gratifying to feel a…
Federal Budget 2022-23: From a tax perspective
Quiet on the tax front, for now For once, tax measures took a back seat in a Federal Budget, with the second version for this year being billed as a “solid and sensible Budget suited to the times”. The October…
ATO focus on rental properties
Rental property owners are now one of the ATO’s top targets after it found nine out of ten tax returns reporting rental income and deductions contained at least one error.i The tax office estimates it’s missing out on around $1.5 billion due to over-claiming…
Take the lead – learning from the greats
The importance of strong leadership to foster success cannot be under-estimated. Fortunately, the behaviours that effective leaders demonstrate can be emulated and learned. Whether you are looking to hone your skills as a leader in your business or if you…
Federal Budget 2022-23 Analysis
Budget October 2022: sign of the times In his first Budget, Treasurer Jim Chalmers’ emphasised...
Do you know what business expenses you can claim?
You can generally claim a tax deduction for most expenses you incur, as long as: the expense relates directly to earning your business’s assessable income you only claim the business-use portion of an expense that's for a mix of business…
Embracing change
‘Never let a good crisis go to waste’- Winston Churchill The past few years have ushered in changes to the way we live, work, and conduct business - at a pace previously unheard of. What has been termed the ‘new…
Crackdown on GST fraud
The ATO is cracking down hard on GST frauds after finding a significant number of taxpayers falsely claiming GST refunds. The Serious Financial Crime Taskforce and Australian Federal Police (AFP) have executed numerous warrants against suspects, with a GST fraudster recently jailed for three…