Budgeting Tips
If you run a business, it's possible that you are operating on a relatively limited budget. Whether sales are slow in your business or you are trying to pay back loans you took out to cover your start-up costs, it's in your best interest to…
Could Your Business Be Eligible for the Research and Development Tax Incentive?
The Australian Government has partnered with AusIndustry to offer companies that perform research the opportunity to gain additional tax concessions through the Research and Development Tax Incentive. If your company has performed any research…
Client Alert Explanatory Memorandum (October 2015)
This issue of Client Alert takes into account all developments up to and including 17 September 2015.
Excessive deduction claims on holiday homes on ATO hit list
The ATO is increasing its focus on holiday home investors and, in particularly,…
Client Alert (October 2015)
Excessive deduction claims on holiday homes on ATO hit list
The ATO is increasing its focus on holiday home investors and, in particular, whether they are correctly claiming deductible expenses. A key concern is when people make claims for…
Should you use a computer, not a person, to solve business issues?
Here is when a human expert is not always best.
In an increasingly connected world, argues investment strategist, academic and writer Michael Mauboussin, experts add less and less value to predictions. They are being outcompeted by computers…
TaxWise Business September 2015
Small business Budget measures now law
The following small business tax measures announced in the 2015-16 Federal Budget have passed into law:
Company tax rate cut - The tax rate for companies with an aggregated annual turnover of less…
TaxWise Individual September 2015
Personal income tax cuts repeal
As part of the introduction of the carbon tax, two rounds of personal income tax cuts were to occur. The first round commenced on 1 July 2012. However, the second round of personal income tax cuts, scheduled…
Client Alert Explanatory Memorandum (September 2015)
Small business tax discount on the way
The Tax Laws Amendment (Small Business Measures No 3) Bill 2015 (No 3 Bill) was introduced in the House of Representatives on 24 June 2015.
The No 3 Bill proposes to provide a tax offset (the small…
Client Alert (September 2015)
Small business tax discount on the way
In a surprise – but welcome – move in the 2015 Federal Budget, the Government announced a small business tax discount. The Government said that, with effect from 1 July 2015, individual taxpayers with…
What Sort of Accounting Software Product Should I Use?
Do you find it challenging to decide on the one accounting software product that works the best for you and your business? Should you use spreadsheets, purchase your own software or use subscription cloud based software? These are common questions…