9 March 2025
Important Tax Update – Bendel’s case - Commissioner of Taxation v Bendel [2025] FCAFC 15 (19 February 2025).
The above case may lead the way for taxpayer to be able to use corporate beneficiaries with more flexibility. Basically, distributions from a discre…
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20 February 2025
Important tax update: Government / ATO to deny interest deductions
On 13 December 2023, the federal government announced it will amend the tax law to deny deductions for Australian Taxation Office (ATO) interest charges. &…
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2 January 2025
The power of 1.
Most sporting coaches will talk to their players about the importance of the of the 1 percenters. Improving by 1 percent. The same is relevant for bu…
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16 December 2024
2025 New Year’s Resolutions. Goal Setting.
Most businesses would like to improve and therefore set goals in the following areas:Revenue GrowthProfit ImprovementCash flow ImprovementIt is then a matter of…
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24 November 2024
Tax Tips for Christmas
3 Tax Tips for Christmas:Giving Employees Gifts at Christmas Time.Are gifts to clients / customers tax deductible?Can I claim my Christmas party as a tax deduct…
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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…
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…
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…
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…
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…
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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