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Taxation Articles

  • Financial Advisory
  • Taxation

May

11

2023

Highlights Budget 2023/2024

The Federal Budget was handed down on the 9th May and our Tax Expert Vanessa Falconer has prepared an outline of the key measures that impact our clients. In summary the budget shows an improved picture of Government finances. However, the challen...

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  • Taxation

Mar

21

2023

What to do if you have a superannuation balance over $3 million – Strategies

Assuming that the extra tax on super balances over $3 million draft legislation makes it through Parliament, here are a few strategies to consider if you are affected; 1. Look at alternative structures If your balance in super is well over $3 mill...

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  • Taxation

Mar

21

2023

Government’s changes to superannuation balances over $3 million – Part 1

What’s the proposed change? This is a proposal only and has yet to go through the usual parliamentary process. If it does succeed, the start date will be from 1 July 2025 (ie. after the next Federal Election). In essence, the Government’s announce...

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  • Taxation

Feb

2

2023

Holiday Homes – A Tax Perk?

Just as our summer holidays are coming to an end and we are wistfully dreaming of ‘what if’ regarding the purchase of a holiday home, there are a few things to keep in mind when dealing with your slice of paradise and the tax man. Here are four sc...

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  • Taxation

Jan

10

2023

Superannuation – Binding Death Nominations – Do we need them?

A recent article in the media highlighted the importance of having nominations in place should you pass away unexpectedly. Contrary to popular belief, your superannuation and any life insurance connected to your super does not form part of your Wi...

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  • Taxation

Dec

9

2022

Are Christmas gifts & your company Christmas party tax deductible?

With Christmas fast approaching and most Australian businesses starting to think about the season of giving, it’s useful to know whether you also need to give to the ATO at this time of year! Are Christmas gifts and the company Christmas party tax...

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  • Taxation

Mar

30

2022

2022/23 Federal Budget

The 2022-23 Federal Budget is a safe, ballot box friendly Budget as expected with a focus on cost of living, home ownership, and health. Key initiatives include:A 6 month, 50% reduction in fuel excise with effect from midnight Budget night A $42...

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  • Taxation

Jul

4

2021

COVID – NSW Government Support Grants

The NSW Government announced this week that the new grants will help many small businesses cope with the current Covid 19 restrictions. Within that package there are cash grants available of between $5,000 and $10,000 available to small businesses...

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  • Taxation

Jun

22

2021

Tax Planning – Key strategies prior to 30 June 2021

I was talking with someone recently who’s accountant doesn’t do any tax planning prior to the end of the year. My friend was saying how they were left ‘in the dark’ as to what their future liabilities are likely to be across their business and per...

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  • Taxation

May

12

2021

2021 Federal Budget – Key Measures for SME’s and Individuals

Focus for Small and Medium Sized businesses   The Federal Budget 2021-22 is fundamentally about spending on economic recovery, to build resilience and future essential services. It is intended to support accelerated economic growth on the back of ...

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