Tax

Labor lambasts coalition ‘brain explosion’ on tax cuts

26 March

Plans for new tax cuts for every Australian worker have been rushed into federal parliament, as the window for the calling of the national election narrows. Treasurer Jim Chalmers introduced the legislation to the house on Wednesday, saying it will...[Read More]

Budget focuses on power bills, tax cuts and healthcare

26 March

FEDERAL BUDGET AT A GLANCE * Budget deficit of $27.6 billion this financial year * Commonwealth gross debt to rise to $940 billion (33.7 per cent of GDP) in 2024/25 before cracking $1 trillion the year after * Net debt to rise to $556 billion in...[Read More]

‘Unfair, unrealistic’: young Aussies bear budget burden

26 March

Australian workers will be increasingly relied upon to prop up ballooning federal government spending, despite tax cuts handing back two years of bracket creep. The “modest” cuts announced by Treasurer Jim Chalmers in the federal budget will...[Read More]

Fringe benefits tax (FBT) time is almost here

19 March

It’s time to get your obligations sorted and prepare for upcoming FBT changes.   With the 2025 FBT year wrapping up on 31 March, it’s important you’re on track to meet your obligations and are prepared for any changes.   Follow these...[Read More]

Serving up success: 10 ways accountants can boost hospitality businesses

20 March

Accountants play a crucial role in the vibrant and dynamic hospitality industry, supporting businesses such as restaurants, hotels, cafes, and bars.  These businesses often face challenges like tight profit margins, seasonal fluctuations, high...[Read More]

Selling your business: key considerations & tips for success

13 March

Selling a business is a significant decision that requires careful planning, strategic timing, and expert guidance.  To maximise the value of your business and ensure a smooth transition, consider these essential factors and seek professional...[Read More]

Plug-in hybrid car tax breaks about to hit the skids

5 March

Do Australian drivers still need a stepping stone to make the transition from a petrol or diesel vehicle to an electric car? It’s a question that is dividing the automotive industry as the clock ticks down to the removal of a tax exemption for...[Read More]

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]

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]

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]

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]