What Every Australian Small Business Owner Needs to Know If you run a small business in Australia, you’ve almost certainly felt the sting of rising fuel prices — whether at the bowser, on your supplier invoices, or buried in your freight costs. The good news is the Australian Taxation Office
Payday Super 2026 is a change to the Super Guarantee in Australia from the 1st July 2026. Running a business is already busy. Now imagine needing to change how you pay super for every employee. That’s exactly what is coming from 1 July 2026. If you feel unsure, you are
In our October Newsletter 2025, we identify the red flags of superannuation scams and navigate the complex rules for claiming electric vehicle (EV) car expenses. We also break down the powerful small business CGT retirement exemption, explain the often-overlooked disadvantages of family trusts, and clarify the tax on redundancy payments.
Joint Venture tax understanding for property developers in Australia What is a (JV) for Property Development A joint venture (JV) is a cooperative agreement between two or more parties in which all parties contribute their resources (such as money, skills, and assets) for the purpose of achieving a common goal.
What is the NDIS / SDA? NDIS The National Disability Insurance Scheme is a Federal Act developed in 2013 to allow people with a disability to exercise choice and control about matters that affect them- such as their housing. SDA – Specialist Disability Accommodation Typically, these are otherwise residential properties built
Property Price Increases and Tax? Residential properties values have increased in some cases over 30% in the last year, what does this mean for owners and investors? Family Home If the property being sold is the family home and it qualifies for the main residence exemption, then the owner can
All directors or proposed directors within 12 months of directorships of companies corporate associations & body corporates registered under the Corporations Act. Corporate Trustees for Trusts SMSF Corporate Trustee Need to apply for a Directors Identification Number (DID) asap I am writing to let you know about new legislation that
Business in the following industries that make payments to contractors or subcontractors needs to lodge a Taxable Payment Annual Report (TPAR) by the 28th of August each year. Black or Cash Economy Detection The TPAR is a black economy measure designed to assist the ATO to identify contractors who don’t
The best tax breaks for small business is the instant asset write-off, a great way for your business to purchase capital assets and get an immediate tax deduction. As part of the COVID-19 Coronavirus Stimulus Package, the instant asset write off threshold has increased from $30,000 to $150,000 (net of
Job Keeper Payment Overview Support for Employers to keep employees on the books! Employer Register Now for Jobkeeper The Job Keeper Payment will provide a flat $1,500 a fortnight per employee for businesses to retain or rehire nearly six million workers.Businesses that experience a 30% drop in turnover since the
Income support for individuals & Sole Traders Over the next six months, the Government is temporarily expanding eligibility to income support payments and establishing a new, time-limited Coronavirus supplement to be paid at a rate of $550 per fortnight. This will be paid to both existing and new recipients of
Low Income Australian The Australian Government will provide financial assistance to around 6.5 million lower-income Australians in response to the Coronavirus. One-off payments of $750 will be paid to around 6.5 million lower-income Australians, including pensioners, other social security and veteran income support recipients and eligible concession cardholders. This is to
