Tax
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 itâs 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
30 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
23 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, âno, our focus is on the tax...[Read More]
Find out about obtaining shares and what tax deductions you can claim
16 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 youâre 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. Â With a small business tax planning strategy, you can increase profits...[Read More]
Position your business for a strong start in 2025
26 December
As the new year approaches, now is the perfect time to strategise and set the groundwork for a thriving business in 2025. Launching a business thatâs poised for sustainable growth begins with a clear vision, a well-defined operational strategy,...[Read More]
Super concessions take biggest bite from the budget
19 December
Major cost-of-living measures arenât on the cards in the federal budget update because of a $25 billion hit to the books, as data reveals new drags on the bottom line. The mid-year economic and fiscal outlook will show more than $16 billion in...[Read More]
GP payroll tax, first homebuyer stamp duty scrapped
18 December
A tax purported to make GP visits cost more and a barrier to entering the housing market have been removed by a state government fulfilling more of its election promises. The Liberal National government scrapped a âpatientâs taxâ during the...[Read More]
Tax on large withdrawals floated to future-proof super
12 December
Retirees might be more inclined to use super for its intended purpose â income for retirement â under a proposal to tax oversized withdrawals. Four actuaries have waded into the ever-contentious tax debate with a discussion paper thrashing out...[Read More]
Red tape cut for business but taxes stuck fast
12 December
Businesses can look forward to less red tape as a state government prepares to axe half its regulators, but they shouldnât hold their breath for tax changes. The plan, which could save businesses $500 million over five years, was launched as part...[Read More]