by Teigan Amos | Jul 5, 2023 | Articles, Updates
The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to take maximise your deductions. Almost a year after the 2022-23 Federal Budget announcement, the 120% tax deduction for expenditure...
by Bruce Grieve | Jun 18, 2023 | Articles, Updates
In the realm of financial planning, protecting, and maximizing wealth for future generations is a key concern. Recently, we had the privilege of assisting our retired clients, Bob and Sarah, in safeguarding their legacy by implementing crucial super and pension...
by Teigan Amos | Jun 10, 2023 | Articles, Updates
Tax deductions for topping up super You can make up to $27,500 in concessional contributions each year assuming your super balance has not reached its limit. If the contributions made by your employer or under a salary sacrifice agreement have not reached this $27,500...
by Teigan Amos | Jun 10, 2023 | Articles, Updates
Bring forward the purchase of assets If there are large assets your business needs to buy (or upgrade), you have until 30 June 2023 to use the temporary full expensing rules. These rules enable businesses with an aggregated turnover of up to $5bn to fully deduct the...
by Teigan Amos | Jun 10, 2023 | Articles, Updates
It’s that time of year when we all look at what last-minute things we can do to maximise tax savings. In the wise words of the late Kerry Packer to a Senate estimates committee, “Of course I am minimising my tax. And if anybody in this country doesn’t minimise their...
by Teigan Amos | May 21, 2023 | Articles, Updates
From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members” and to those who have not owned a home for at least 10 years. The eligibility criteria for access to the First...
