Retrain your staff with the tax man’s help For many business owners, fear of incurring a Fringe Benefits Tax (FBT) bill has kept them from retraining and re-skilling their employees to perform different roles or activities within the business. But a new...
Tax-effective ways to boost your super After a year when the average superannuation balance fell slightly or, at best, moved sideways, the summer holidays could be a good opportunity to think about ways to rebuild your savings while being mindful of tax. With the...
Granny flats: tax tips and traps With more older Australians looking to downsize and younger generations eager to get a foot on the property ladder, building a granny flat or a second dwelling in your backyard has become an increasingly popular and affordable...
30 June 2020 Checklist With the end of financial year approaching, now’s the time to make the most of opportunities to maximise super and tax benefits. Superannuation For many people, super remains a highly tax-effective structure through which to hold investments to...
Time to reassess your financial priorities? At a time of uncertainty about the economy, not to mention unexpected social isolation, people are rethinking their personal and financial priorities. Whether you are spending less by necessity or because you are living more...
The Economic Stimulus Package: Instant asset write-off threshold increase explained A key part of the government’s economic response to the coronavirus is to support business investment and cashflow by increasing the instant asset write off threshold and eligibility...
