November 24, 2023
Professional development is integral to most, if not all, workplaces and many of our clients have programs in place that mean team members can access additional training courses throughout the year. It means upskilling the workforce which can only mean good things for the economy! The ATO is rewarding such leadership with a new Skills and Training Boost. Read on to learn what it is, and if you’re eligible.
Whilst working from home for the self-employed has been commonplace for years, the number of employees working from home has boomed over the last couple of years for a reason we’re all well aware of: covid. For many, this change will remain permanent – whether it’s for the full five days, or on a part time basis with flexible working arrangements now a mainstay of Australian employment.
Cryptocurrency has fast become a popular investment and payment method in Australia however all too often the decision to purchase doesn’t come hand in hand with the necessary tax knowledge. Here’s everything you need to know about cryptocurrency.
The Australian Taxation Office (ATO) releases information regarding its areas of emphasis for tax returns each year. For 2023, these include rental property deductions, work-related expenses, and capital gains tax.
In 2020 during the COVID-19 pandemic, the government raised the immediate asset write off threshold to $150,000 for small businesses using the simplified depreciation rules then brought in Temporary Full Expensing (TFE), allowing many eligible businesses to claim an immediate deduction for depreciable assets. This measure was extended to 30 June 2023. After several years of such generous write offs, this is set to come to an end on 30 June 2023.
When it comes to investment property repairs, they can be tax deductible or must be capitalised as a renovation or improvement.
WGT is a new Victoria State Government based tax occurring on rezonings after 1st July 2023 (originally drafted start date was 1st July 2022). The tax is aimed at land which results in a taxable value uplift to the land of more than $100,000.
Have you had your eye on a Tesla for a while or perhaps an SUV to fit the kids and everything that comes with them in the boot? Thinking of pulling the trigger this year? Read on.
With electric cars making up around 2% of Australia’s car market, it’s a small but rapidly growing sector.
The world of superannuation is a tricky one to navigate – with countless fund options and equally as many deciding factors that go into where and with whom to invest your money, it can be hard to know what the right move is.
You’ll hear the term succession planning bandied around without necessarily knowing what it truly means.
In January 2021, the government introduced the Small Business Restructure (SBR) Regime, offering business owners an alternative to liquidation or voluntary administration.
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