2023 Federal Budget Highlights
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...
More information released on the removal of tax concessions for large superannuation balances
The federal government has announced its intention to change the tax concessional status for very large superannuation accounts. The tax concessional status will change for individuals with over $3 million in their total superannuation balance (TSB). Effectively, the...
Requesting payment of overdue accounts in an economic slowdown
Cash has always been king but it’s even more important during times of economic slowdown. The slower the economy, the less cash is available in businesses, and the more likely it will be for some customers to be unable to pay. To protect your business and minimise the...