Blog
Helping you reduce tax, protect your interests, and grow your income as professional business advisors and accountants.
SMALL BUSINESS TAX BENEFITS – MAKE SURE YOU CLAIM EVERYTHING YOU ARE ENTITLED TO
I wanted to draw your attention to a couple of important issues that a number of our clients have contacted us about recently about small business tax benefits. The first is that the final date to lodge a Family Tax Benefit claim is 30th June. Make sure you don’t miss out and give us a
R&D AND OTHER GOVERNMENT BUSINESS INCENTIVES
The Budget has announced it will cut the corporate tax rate by 1.5 per cent for small businesses with an annual turnover less than $2 million. For small business, this will also incur additional R&D benefit, where the permanent tax benefit will increase from 15 to 16.5 per cent. Small businesses will still be able
CGT ISSUES FOR THE GRANNY FLAT
Due to rising house prices, the humble granny flat has become a popular investment property strategy for homeowners and investors seeking to maximise returns on existing properties. However, there are Capital Gains Tax (CGT) implications associated with such arrangements. Continue reading to learn more about granny flat interest capital gains tax. In a basic scenario
THIS IS THE TICKET
I know that many of you may be starting to get a little tired of hearing accountants drone on about the importance of tax planning especially at this time of year….so I’m not going to go there! (Updated Friday, 20 September 2019) OK maybe I am but from a slightly different perspective so hear me
BUDGET FOCUS ON STIMULATING SMALL BUSINESS ACTIVITY
The Budget has introduced a number of measures for small businesses designed to revive investment and support entrepreneurship and startups. Continue reading to learn more about these measures and how to revive a small business with their help. Tax cuts The Government has followed through with its announced 1.5 per cent tax cut for small
PERSONAL TAX CHANGES
Whilst there were no significant taxation proposals in this year’s Budget, the Government has made some relatively conservative personal tax changes to FBT exemption and employee share schemes. FBT exemption for electronic devices To help reduce red tape, the Government will expand the Fringe Benefits Tax (FBT) exemption for work-related portable devices from April 1