Changes to Working from Home deductions
|

Changes to Working from Home deductions

If you include Working From Home deductions in your annual tax returns you may want to read further as the rate has changed and also the requirement to keep detailed records. The Australian Taxation Office (ATO) has made some revisions to the working-from-home deductions which implement stricter record-keeping requirements and a new rate per hour….

FBT-free Electric Cars
|

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
|

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
| |

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
|

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!
| |

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…

|

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…