Crypto assets are now specifically excluded from being foreign currency for income tax purposes.
28
Jun
Jun
The small business technology investment boost is wrapping up on 30 June 2023. As it is now law, we will be working with you to ensure you get the full bonus deduction that you are entitled to. Work through your next steps here.
27
Jun
Jun
Small businesses will get a bonus tax deduction on top of the allowable deduction for training their employees.
23
May
May
As part of the 2023–24 Federal Budget, the instant asset write-off has been reintroduced by the federal government. Small businesses with aggregated annual turnover of less than $10 million will be able to immediately write-off eligible assets.
12
May
May
The Federal Treasurer Jim Chalmers handed down the 2023 Federal Budget on 9 May 2023. The following is a list of highlights from a tax and superannuation perspective. Businesses Small businesses with aggregated turnover of less than $10 million will be allowed an immediate deduction for the full cost of eligible assets costing less than […]
16
Mar
Mar
The federal government has announced its intention to change tax concessional treatment of very large super account balances from 1 July 2025. Individuals with over $3 million in super will be affected.
19
Jan
Jan
In an economic downturn, cash must continue flowing through our economy. Continue enforcing your Terms Of Trade but change your approach. Triage your customers and offer options for those impacted. Empathy and flexibility now will pay off later.
09
Jan
Jan
Covid-19 highlighted the importance of managing your cash conversion cycle & reducing how long cash is tied up in the sales process. More money won’t solve your problems if you don’t manage your cash conversion cycle!
28
Oct
Oct
The New Federal Government’s Budget was handed down on 25 October by Treasurer Jim Chalmers. With an eye on, and limited in what can be done, the high budget deficit and government debt together with rising inflation, higher prices and interest rates as a consequence, the Budget has a focus on delivering on election promises, […]
29
Sep
Sep
The Government has introduced new measures and released draft legislation on some important tax issues.