Announced in the 2024 Federal Budget as an integrity measure, are changes to the foreign resident CGT regime that will ensure foreign residents pay their fair share of tax. Commencing from 1 July 2025, these reforms aim to provide certainty to foreign investors by aligning Australian tax law closely with the OECD standards and international […]
17
May
May
As part of the 2024 Federal Budget, the Federal government has announced a one year extension to the increase in the instant asset write-off threshold to $20,000. With the temporary threshold increase announced (yet to be legislated) in the 2023 Federal Budget due to expire on 30 June 2024, this extension means small businesses can […]
by Terry Edwards, Director With the end of the financial year fast approaching, it may be tempting to assume that there is no time left for business and tax planning. I disagree. In fact, early June is not too late to take simple action to maximise your financial position, but you need to act now. […]
by Debbie Reed, Director Every year, business owners resolve to be better organised when it comes to the financial management of their business. Yet year after year we are surprised by the sudden arrival of June 30. This year, turn good intentions into action. Planning now can minimise your tax, grow your wealth and allow […]