ATO Lodgement dates November 30, 2023 Ryan Schirmer 1 December Pay income tax for taxable large and medium taxpayers, companies and super funds. Lodgment of return is due 31 January 2024. Pay income tax for the taxable head company of a consolidated group with a member deemed to be a large or medium taxpayer in the latest year lodged. Lodgment of return is due 31 January 2024. Pay income […] Read More
First Home Super Saver Scheme November 30, 2023 Ryan Schirmer The First Home Super Saver Scheme (FHSSS) allows eligible Australians to build their first home deposit within their superannuation, utilising the tax cuts available to super funds. The scheme could boost deposit savings by at least 30% when compared to savings in a standard deposit account. Both before-tax (concessional) and after-tax (non-concessional) contributions made from 1 July 2017 are eligible for the FHSSS, these can be withdrawn from 1 July […] Read More
You are a long-time retired November 29, 2023 Rohan Brown For many retirees, there is now a reasonable expectation of increased life expectancy. For many this could mean 20-30 years of life after retirement. However, for many this is a challenge after a long working life. It is becoming a challenge for many and leading to mental health challenges for retirees. The issue is that […] Read More
Technology Boost August 30, 2023 Kerry Schultz On 29 March 2022, as part of the 2022–23 Budget, the then government announced it would support small business through these new measures. The measures became law on 23 June 2023. The technology boost provides eligible small businesses with a bonus tax deduction for qualifying expenditure that was incurred in the period commencing 7:30pm AEDT […] Read More
Xero Tips & Tricks August 30, 2023 Emily Moore Accounting software like Xero has made it much easier and quicker for small business owners to manage their finances. That being said, there are lots of shortcuts and features that could make Xero even easier that you may not know about. Following is some handy tips and tricks (at the general user access level) to help you get […] Read More
WorkCover Insurance & the Excess Buyout Option. August 30, 2023 Cassie Gerdtz Did you know, just like Home or Car insurance, when one of your employees makes a workcover claim, as the employer, you are liable to pay an excess? You can avoid the risk of paying the employer excess by selecting the excess buy-out option on your WorkCover Insurance premium. The buy-out option is a feature you can add or remove from your […] Read More
Why is my tax refund so small this year? August 30, 2023 David Hadley The tax refund many Australians expect has dramatically reduced. We show you why. There is a psychology to tax refunds that successive Governments have been reticent to tamper with. As a nation, Australia relies heavily on personal and corporate income tax, with personal income tax including taxes on capital gains representing 40% of revenue compared […] Read More
Tax Refund August 30, 2023 Lewis Thomas Looking at a Tax Refund this year? (even though our refunds are probably reduced this year) Want some smart ideas of what to do with your Tax Refund? With some extra coin it is always tempting to go off and splurge, but that is not necessarily a good idea! Try the following ideas of what […] Read More
HOW TO RE-ENGAGE QUIET QUITTERS August 30, 2023 Ross Laycock Employee turnover is a concern for employers, but the subtle phenomenon of quiet quitting can be equally detrimental to the workplace. Quiet quitting refers to when employees disengage from their work and discontinue their discretionary efforts without openly expressing their intentions to leave the organisation. This phenomenon can be challenging for employers to detect and […] Read More
Are You Planning For Your Future August 30, 2023 Yishu Sharma Here are a few simple steps you might at least consider when thinking about your future. Help your super grow Whether you’re employed or self-employed, it’s never too late to build up your super to boost your retirement savings. Make sure your employer is paying you the right amount of super. Develop an investment plan […] Read More
