Tax
Calls grow to banish ‘anti-democratic’ bracket creep
5 March
Independent MPs will use a minority government to push for an end to tax bracket creep, which is placing a growing burden on working Australians. The move has been backed by a growing chorus of economists, who accuse the major parties of relying on...[Read More]
Claiming fuel tax credits when rates change
26 February
Learn what you can do to make sure your claim is correct when rates change. Fuel tax credit rates changed on 3 February. Make sure you are using the correct rate to ensure your claim is correct. You could receive more savings for fuel you’ve...[Read More]
Check before you act: ATO impersonation scams
26 February
Following a few simple steps can help protect you and your business from scams. As ATO impersonation scams have become more sophisticated, it’s crucial to stay vigilant to protect your business. One of the most effective ways to stay...[Read More]
Conquering common fears: how accountants help small business owners thrive
20 February
Starting and running a small business is both rewarding and challenging. While the independence and potential for growth are appealing, small business owners often face numerous fears that can keep them up at night. From financial instability to...[Read More]
Call to bring back inheritance tax to tackle wealth gap
19 February
It is said that nothing in this world is certain, except death, taxes and scare campaigns about death taxes. Inheritance taxes were abolished in Australia in the late ’90s, even though they are proven to reduce inequality and are more efficient...[Read More]
Top 10 questions to ask your accountant and why a strong relationship matters
13 February
Having a skilled accountant is invaluable, whether for personal or business finances. Accountants provide clarity, advice, and strategies to optimise financial health and compliance. Building a close relationship with your accountant fosters...[Read More]
The importance of financial advice in living a lifestyle of choice
6 February
Life is full of milestones and changes that shape our journey. Whether it’s starting a family, buying a home, running a business, or retiring, our financial needs and goals evolve over time. Navigating these transitions while maintaining a...[Read More]
The importance of keeping a vehicle mileage logbook and tips for accurate record-keeping
6 February
Maintaining a vehicle mileage logbook is an essential practice for anyone who uses their vehicle for business purposes. Not only does it help with accurate record-keeping, but it also ensures compliance with tax regulations, provides evidence for...[Read More]
Understanding estate planning and key legal tools: why legal advice is essential
30 January
Estate planning is the process of organising and managing your assets during your lifetime and determining how they will be distributed after your death. It goes beyond simply writing a will; it involves making key decisions about property...[Read More]
Aussie-made tax breaks urged to combat forced labour
29 January
The rapid shift to renewable energy should not depend on forced labour to dig up and process critical minerals to make batteries, solar panels and wind turbines, an anti-slavery expert says. Fiona David, creator of the Walk Free Global Slavery...[Read More]
Planning for business activity statements (BAS) and the importance of professional advice
23 January
Business Activity Statements (BAS) are a vital part of financial management for Australian businesses. They help businesses meet their tax obligations, including Goods and Services Tax (GST), Pay-As-You-Go (PAYG) instalments, and other tax-related...[Read More]
Tax changes ruled out as treasurer launches food fight
22 January
The treasurer has poured cold water on any new taxes, saying Labor is focused on targeted cost of living relief. Asked whether Labor would bring any new taxes to the upcoming federal election, Jim Chalmers said, “no, our focus is on the tax...[Read More]
Find out about obtaining shares and what tax deductions you can claim
15 January
You can obtain shares in several ways, most commonly by buying them. You should keep track of your share transactions so you can claim everything you’re entitled to and work out your tax accurately. You can obtain shares through: Buying...[Read More]
4 great reasons to hire a bookkeeper
9 January
Did you ever hire a bookkeeper to help you keep track of your expenses and tax obligations? If not, find out why now may be the best time to do so. Bookkeeping is an essential component of any organisation. To focus on other tasks, such as...[Read More]
Tax planning strategies for small businesses
2 January
Every dollar counts in business, especially for small enterprises. Therefore, you need to find ways to minimise your tax liability in addition to optimising income or profit. With a small business tax planning strategy, you can increase profits...[Read More]