Category: News Update
- 2024–25 Federal Budget HighlightsThe Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget at 7:30 pm (AEST) on 14 May 2024. The key tax measures announced in the Budget include extending the $20,000 instant asset write-off for eligible businesses by 12 months until 30 June 2025, introducing tax incentives for hydrogen production and critical minerals production,…
- Budget Update: A Small Business PerspectiveGlenn shares his thoughts about the recently disappointing news for small businesses in the recent federal budget release. The proposed increase in the instant asset write-off to $30,000 has been stalled, likely settling at $20,000. With rising prices, this isn’t ideal. Additionally, the $300 Power rebate and trimmed tax cuts offer little excitement. Watch the…
- 2023 Federal Budget HighlightsThe Federal Treasurer Jim Chalmers handed down the 2023 Federal Budget on 9 May 2023. The following is a list of highlights from a tax and superannuation perspective. Businesses Individuals Multinationals Superannuation Tax administration GST and indirect taxes If you would like to know more information about any of these measures, please do not hesitate…
- Sharp Accounting News Update: March 2023Watch our latest News Update to hear what we are seeing with our clients, what we recommend you focus on right now in your business including our thoughts on inflation and how to prepare for a recession.
- Sharp Accounting News: November 2022In our latest News Update, we cover the recent budget and at the 2-minute 55-second part of the video, we have a reminder regarding applying for Director IDs. If you haven’t applied yet, you have until the end of this month!
- Sharp Accounting News May 2022In this month’s News Update we discuss inflation and some actions you can take to help your business through these rises. Another hot topic we talk about is the rise of interest rates and a reminder about the super guarantee increase from 1 July. Do you understand the tax deductions and payments you need to…
- Sharp Accounting News: March 2022In our latest News Update, we talk about interest rates, what you might expect in the upcoming federal and state budgets as well as reminders about the upcoming changes in regard to superannuation. When did you last review your insurance? We talk about the importance of having the right cover. With inflation rising we talk…