Goodbye Temporary Full Expensing

10 hours ago

Hello Chasers, From 1 July 2023 until 30 June 2024, the Government will temporarily increase the instant asset write-off threshold from $1,000 to $20,000. Small businesses with an aggregated annual…

Know the Rules for Accessing Your Superannuation?

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7 days ago

The ATO has reminded SMSF trustees that their SMSF must be operated for the sole purpose of providing retirement benefits for its members. This means SMSF trustees can’t use funds…

WARNING – The Residential Investment Property Loan Data-Matching Program

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2 weeks ago

The ATO has advised that it will acquire residential investment property loan data from authorised financial institutions for the 2021/22 through to 2025/26 financial years, including: client identification details (names,…

Last Chance to Claim

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3 weeks ago

Deductions under ‘temporary full expensing’ are only available in the 2021, 2022 and 2023 income years, and are expected to come to an end on 30 June 2023. Under temporary…

Repairs or Improvements – Don’t Get Fined!

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1 month ago

Hello Chasers, With Tax Planning well underway for our customers, now is the time to review some of your expenses, particularly if you have a rental property. The ATO is…

ANZAC Day

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1 month ago

Hello Chasers, ANZAC Day is a special day for Australians and New Zealanders alike, a day when we come together to honour the brave men and women who have served…

The New 15% Super Tax

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2 months ago

Hello Chasers, The Government has provided more detail on how the news rules will apply from 1 July 2025, following its announcement of an additional 15% tax for individuals with…

It’s Not Your Money!

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2 months ago

Hello Chasers, This blog post is a quick reminder of the due date for the payment of the March 2023 Quarter Superannuation Guarantee (‘SG’) for your Team. We often get…

How to Reduce your HELP Debt

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2 months ago

Hello Chasers, One of the biggest costs to a successful career can be your education fees. If you have a study and training loan balance (e.g., a HELP debt), it…

Crackdown on GST-Fraud Promoters

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2 months ago

Hello Chasers, If you have been reading the news recently you will have read about the raft of enforcement activity being undertaken across the country by the ATO-led Serious Financial…

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Goodbye Temporary Full Expensing