Company tax rate reduces to 26% for base rate entities Cents per km rate for work-related car expenses increase to 72 cents Expected reforms to allow 66 and 67 years olds to make voluntary superannuation contributions without…

With many people now working from home because of COVID-19, some of the expenses your employer normally pays – such as electricity, heating and cooling – are now coming out of your wallet. Although some employers may provide a daily…

*UPDATE* (November 2020) A new article goes over the updates to Instant Asset Write-Off over here. *UPDATE* (June 2020) $150K Instant Asset Write-Off has been extended until 30th December 2020. Read Josh Frydenberg's media release…

23/03/2020 2nd Coronavirus Stimulus Package The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow…

A series of high-profile examples of businesses underpaying their employees has brought the need to get payroll right into sharp focus. Complex award and enterprise agreements can complicate payroll obligations, in terms of both regular salary…

We love technology, but do you feel like you’re trapped to the constant pinging of your phone, busier than ever? You’re not alone, with the trap of always being ‘on’ a curse of the modern day world. A 2019 report from BankMyCell…

Late last year, legislative changes were made that exclude non-residents from accessing the main residence exemption. The retrospective changes directly impact foreigners and expats whose main residence is in Australia or overseas. We explore…

Early in the year makes for the perfect time to dust yourself off and recommit to your version of a balanced, healthy life.  Consider all aspects of your life Before rushing ahead to create new goals and habits, take some time to consider…

Want to make 2020 your year? The year you reach great heights? Key to reaching those dizzying heights is recognising that you are one of your greatest assets. Being self-aware and knowing your worth is crucial to positioning yourself…

Whether you’re glued to your desk most days or have honed the work/life balance, we all need to take a break at some point. The end of the year is a great time to reflect on your achievements and recharge. But while December is when…

Australia’s insolvent trading laws impose harsh penalties on directors of companies that trade where there are reasonable grounds to suspect that the company is insolvent. Criminal and civil penalties can apply personally including…

Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season.

From 1 July 2020, new rules will come into effect to ensure that an employee’s salary sacrifice contributions cannot be used to reduce the amount of superannuation guarantee (SG) paid by the employer. Under current rules, some employers…

A smartphone buzzes in your pocket. Ten tabs sit stagnant in your browser. Unopened emails, newsfeeds and gifs all claw for your attention. This is the plague of distraction. And in our efforts to always be ‘on’ our actual productivity…

Negatively gearing an investment property is viewed by many Australians as a tax effective way to get ahead. According to Treasury, more than 1.9 million people earned rental income in 2012-13 and of those about 1.3 million reported a…

This time of year we all tend to do some spring cleaning, and not just at home. Now that we are in the new financial year, you may have some numbers on how things are going and can clear out some unnecessary expenses. The secret to a…

The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustees about a lack of asset diversity. The ATO is concerned that, “a lack of diversification…

Over the last year or so, there have been more and more websites asking for us all to set up 2 step authentication, Xero included. But what is it anyway, why do we need it, and how do I set it up with my Xero account? Cyber security…

When an employee uses a taxi service for travel to or from work or if the employee is sick, it is generally exempt from Fringe Benefits Tax (FBT) under the FBT taxi travel exemption. The question is, what about Uber and other ride sharing services,…

We are excited to share that we are a major sponsor for a charity bike ride coming up in October. Some of our long time clients will be participating in this ride, and we are happy to support them! The bike ride will go towards MND…