2021 – Tax Planning – Client Newsletter
General Year End Tax Planning Strategies Business Income and Expenses Subject to cash flow requirements, consider deferring income until after 30 June, especially if you expect lower income for 2021/22…
2021/22 Federal Budget
Personal income tax changes Retaining the Low and Middle Income Tax Offset (‘LMITO’) for the 2022 income year The Government has announced that it will retain the LMITO for one…
5 Ways to Cut Costs in Your Business Operations – Our Guide
Managing your cash flow is a crucial part of running your business, but it’s an aspect that tends to overwhelm entrepreneurs. As a business owner, you’re laser-focused on bringing in…
3 Benefits an SMSF Can Provide for Your Small Business
One way that small business owners can strengthen and supplement their income is through self-managed super funds (SMSF). Though it might seem challenging, these obstacles are worth traversing, as SMSFs…
What You Need to Know About Hiring an SMSF Auditor
A self-managed super fund (SMSF) trustee is obliged to designate an SMSF auditor approved by the Australian Taxation Office (ATO) on or before forty days before filing their SMSF annual…
3 Smart Tips for Reducing Your Tax Liability
Truth be told, paying taxes is not fun. It entails the stressful preparations you need to do to take into account all of your income. On top of that,…
Tax Time is NOW!
TAX TIME IS NOW! June 30 is fast approaching , so you should start thinking about any work-related and/or income-generating expenses you paid since last July 1, but also…
TAX SAVING STRATEGIES
TAX SAVING STRATEGIES Even with the final day of the financial year to go, traditionally, year-end tax planning for small businesses is based around two simple concepts (i.e.,…
Jobkeeper Payment Alternate test – Update 4
JobKeeper Alternative Turnover Tests The ATO has now determined alternative tests for various businesses in relation to the fall in turnover where there is not an appropriate relevant comparison period.…
JobKeeper Guidance – Update 3
JobKeeper Guidance and Payment Further information has now been released by Treasury to clarify the comparison period is for either; any monthly period from March 2020 to the end of…