inflation
Car Logbooks There are a number of methods that tax deductions can be calculated for car usage or the fringe benefits value of a car. One of these methods requires that a logbook is to be completed. The purpose of the logbook is to help determine what proportion of the usage of the car is …
Buying a Car Through Your Business No matter whether the owner is a company or an employee, a car purchased for business use can provide tax benefits. In addition to these supposed benefits, there are also tax implications. The advantages and disadvantages of purchasing a car for business may not necessarily apply to your business …
Dealing With Rising Cost in Your Business As the country’s interest rates rise, so too do the costs for businesses.The spike in inflation (recorded at 5.1% in Q1 of 2022) could provide additional challenges for unprepared businesses across the country. Understanding how and preparing your business for the impact of inflation is an important element …
Understanding and Calculating Franking Credits Franked income is important to know if you own shares or plan to invest in the stock market. There’s a phrase you’ve probably heard at some point, and it might seem confusing at first, but it’s really quite simple. Here are the main points you need to know: What is …
How Can Your Business Comply With Superannuation Requirements For Employees? You, as an employer, are responsible for paying super into your eligible employees’ chosen super funds or their stapled super funds if no choice has been made. You can contribute your employee’s super to the default super fund if they haven’t made a choice. What …
We recommend you review your own critical business processes and see if you can find opportunities to improve efficiency and reduce waste. The needs of the client and the capabilities of the team are constantly changing within the business world. There’s no better time to do this than at the start of a new financial …
Lodging your tax return for the 2021-22 financial year? As registered tax agents, we are able to assist you with the process of lodgement to ensure your compliance with the requirements of the ATO. To ensure that your return is correct, here are our top nine key items to be aware of. COVID-19 Support Payments/Natural …
The Tricks & Traps Of The Work-Related Expense Are you up to date and aware of what you can and can’t claim on your tax return this year? Brushing up on the three rules of work-related deductions can make tax time a lot easier. In order to be able to claim a deduction for a …
Inflation, Your Business And How To Deal With The Upcoming Pressure Understanding how and preparing your business for the impact of inflation is a critical element of business planning that now more than ever needs to be addressed. Interest rates rising are putting a strain on businesses across the country, as the costs for running …