Category: News Update

The 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,…

Glenn 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…

In our latest News Update, we discuss the latest Federal Budget and how it impacts small businesses. We also remind you about the upcoming superannuation changes when paying employees from 2026 and a reminder about the changes to anyone with a superannuation balance of above $3M. And last but not least, the end of the…

The 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…

Watch 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.

In 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!

In this month’s News Update we remind you of the Federal Government’s Small Business Technology Investment Boost and how that will help your business. Do you have independent contractors working for you? Make sure you’re aware of requirements around tax, superannuation and holiday pay. Don’t forget to apply for your Director ID before the end…

In this month’s News Update, we remind you to register for your Director ID by 30 November, if you haven’t already. We also share some insights on whether we think there is a recession coming as well as some suggestions you could put into place around labour shortages. We encourage you to review your costs…

In this month’s News Update we discuss the latest update with Single Touch Payroll (STP), we remind you of the superannuation changes that came into effect on 1 July 2022. Are you getting the best deal possible with your business finance? This is particularly important with the recent interest rate rises. Do you have employees…

In this month’s News Update we talk about increasing interest rates, what you should be aware of as a business owner and how to take charge of where your business is heading. We remind you of the superannuation changes coming up on 1 July; the Superannuation Guarantee increase and the Super Guarantee threshold increase. With…

In 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…

In 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…