Blogs & Resources

19 November 2024

Can I claim my Christmas party as a tax deduction and what are the fringe benefit tax implications?

Generally speaking, if a party / function is held off the employer's premises and the cost per head is less than $300 the cost will be exempt from Fringe Be…
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14 November 2024

Giving Employees Gifts at Christmas Time.

Generally, the most tax effective outcome when providing Employees with gifts is to ensure that the following is adhered to:1. The gift is less than $300, Goods…
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11 November 2024

Payday super and its effect on your cash flow.

From 1 July 2026, employers will be required to make superannuation contributions at the same time as their employees regular wages. Currently superannuati…
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4 November 2024

Taxation Newsletter - November 2024

Please contact our office for a copy of our September 2025 Newsletter, where the following is discussed:- Hiring employees for the festive season- Lodging and p…

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24 October 2024

Can I use my Self Managed Super Fund (SMSF) for a property development?

Yes, provided that it uses it own funds to conduct the development.  Borrowed funds can not be used for the development. Borrowed funds can be used to…

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20 October 2024

Can I access my super to pay my mortgage?

Yes, provide certain conditions are satisfied. With mortgage stress becoming a sad reality for many people, the ATO will allow you to access your super fun…
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18 October 2024

Business Owner – Can I buy a commercial premises in my Super Fund and lease it to my business?

Yes, refer to Section 109 and 71 (1)(g) of the Superannuation Industry Supervision Act 1993.Provided that the terms and conditions of the transaction are no mor…

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17 October 2024

Can I sell my business tax free?

The short answer is YES if you meet certain criteria.Small business capital gains tax concessions allow the owners of small businesses to disregard or def…

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16 October 2024

The benefits of the 6 year rule for your main residence.

The six-year rule allows you to treat your former home as your main residence for up to six years after you stop living in it,.Your Main Residence is gener…
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5 September 2024

ATO - Support-Based Fact Sheet

The Australian Taxation Office (ATO) have released a small business Fact Sheet to aid small business navigate the different areas of the Australian Taxation Sys…

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4 September 2024

Taxation Newsletter - September 2024

Please contact our office for a copy of our September 2025 Newsletter, where the following is discussed:•    Taxpayers can start lodging their ta…
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28 August 2024

ATO will start using data from property management software companies to assist landlords / taxpayers with their tax affairs and compliance.

According to the Gazette notice from the ATO the objectives of this program are: Help taxpayers to lodge their tax returns.Correctly report assessable inco…

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26 August 2024

Maximising deductions on your rental property.

The Australian Taxation Office (ATO) provides details, on what you are able to claim in your tax return for your investment property.  Claimable Expen…

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5 August 2024

Improving your Profit, Cash Flow and Business Value - Part 3.

Step 1 - BUSINESS VALUEPeople monitor their shares and property values all the time, however, they are usually oblivious to the value of their business.Many bus…
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4 August 2024

Improving your Profit, Cash Flow and Business Value - Part 2.

Step 2 - CASH FLOWCash flow is the lifeblood of your business, and if you can’t circulate it your business will die. Even if your overall business is prof…
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1 August 2024

Improving your Profit, Cash Flow and Business Value.

It’s no surprise that sales are an essential metric for business improvement and growth. After all, sales (or revenue) drives profitability. It’s al…

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