Client Alert – July 2022
Tax Time 2022: businesses get ready As the end of another tax year approaches, the ATO is reminding businesses that it is time to: see if there are tax-deductible items the business needs before 30 June; check if there are any concessions the business can access before 30 June – for example, the small business […]
Client Alert – June 2022
What’s next on the agenda for the government? With the election campaign finally over and a new government sworn in, many Australians will be wondering what a Labor government is likely to tackle over the next term. A helpful starting point is Labor’s election promises, which provide a useful indication of possible areas that will […]
Client Alert – April 2022
Support for flood-ravaged areas The recent devastating flooding in South East Queensland and parts of New South Wales has left many people homeless, caused vast amounts of property damage and has sadly led to loss of life. While the clean-up effort continues in many areas, there is some immediate financial help available for those affected, […]
Superannuation and Financial Planning
Need More Money In Retirement? Retirees that own their own home and need more money in retirement are now able to access the Home Equity Access Scheme run through Services Australia. The scheme was previously known as the Pensions Loans Scheme but along with a new name, the fortnightly interest rate has been lowered to […]
Business Tax
ATO Concerns On Luxury Car Tax The ATO has issued an alert warning taxpayers that it is investigating certain arrangements where entities on-sell luxury cars without remitting the requisite luxury car tax amount. This applies to those selling luxury cars in the ordinary course of business in any structure (ie company or sole trader), as […]