FBT-free Electric Cars
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FBT-free Electric Cars

Making Electric Vehicles (EVs) FBT-free is just the first step in the Government’s plan to make zero and low-emission vehicles the car of choice for Australians, focussing on affordability and overcoming “range anxiety” by: Cutting import tariffs Placing EV fast chargers once every 150 kilometres on the nation’s highways Creating a national Hydrogen Highways refuelling…

Business Boost Grants
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Business Boost Grants

How would you like to receive a $15000 Business Boost Grant? The Queensland Government, through the Department of Employment, Small Business and Training (DESBT) has announced this grant recently in support of advancing the improvement in the efficiency and productivity of small businesses. Three (3) project areas of focus for this grant Future Planning of…

Payroll Tax
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Payroll Tax

Even though payroll tax is a state-based tax, all wages paid in Australia form a part of the threshold. Example: The Queensland threshold is $1.3M The Victorian threshold is $700K If you have Queensland wages of $1M and Victorian wages of $350K, you are subject to payroll tax in both jurisdictions What contributes to “Taxable…

5 Ways to Get Your Business to Run Without You
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5 Ways to Get Your Business to Run Without You

Some owners focus on growing their profits, while others are obsessed with sales goals. Have you ever considered making it your primary goal to set up your business so that it can thrive and grow without you? A business not dependent on its owner is the ultimate asset to own. It allows you complete control…

Stop Scams. Speak up and let’s talk about it!
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Stop Scams. Speak up and let’s talk about it!

Did you know that ACCC reported the following statistics in August last year alone? 190,000 reports of scams $192M losses Cryptocurrencies are the most popular type of investment scams (It starts with $250 and $500 investments, but scammers pressure more overtime before claiming all the investments is gone) The over 65’s have lost the most…

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Hiring new employees? Superannuation rule changes from the 1st of November 2021

Hiring new employees? Superannuation rule changes from the 1st of November 2021. Here’s what you need to know. This new reform talks about “Stapling rules”. These stapling rules mean new employees will keep the same super account (if they have one), when they change jobs unless they choose another preferred super fund. This prevents the…

“Work From Home” Yardstick
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“Work From Home” Yardstick

Not all work-related expenses are created equal such that we think we can claim anything or everything as a tax deduction. This is a no no! The proliferation of “Work from home” (WFH) related expenses during this ongoing pandemic is now more than ever, attracting ATO’s intense scrutiny. The key thing to remember is that…

Online Services for Business
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Online Services for Business

In an update to tax professionals on the 9 February 2021, the ATO is replacing the Business Portal with the new service ‘Online services for Business’. It has greater functionality than the Business Portal and has faster processing time. Please note that the ATO recommends that sole traders continue to use the ATO online services…

Jail Time For Underpayment of Wages
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Jail Time For Underpayment of Wages

The last sitting of the Queensland Parliament before the election was 17 September 2020. During that final session, legislation was passed that now makes it a criminal offence to knowingly underpay staff. (Stand by for some heavy legal argument around the term “knowingly”.) This potentially means jail time for erring employers for up to fourteen…