Read the latest news, get tax advice and keep up to date with our timely and informational short reports.
In the 2020 Budget, the federal government initiated several stimuli to keep business moving. One of these was the provision to fully expense eligible items for the cost of assets in the year the asset was first used or installed ready for use to a taxable purpose. This initiative was set to end on 30 June 2022, but has now been extended for a full year, until 30 June 2023.
On 25th October 2022, the Federal Budget was handed down to the Australian people. This budget focussed on Covid-19 and other disasters but certain tax-related measures will affect Australians across the nation.
If you’re one of the many who work overseas, you’ll need to understand how you’ll be taxed in both Australia and the country you’re working in. Find out more in our short report.
If you can understand what your pre and post income is, you can start to work out what tax deductions you can make to reduce your taxable income as well as leverage ways to make your tax dollar work for you.
While thoughts of buying a party night out on the town and staying in a luxury hotel might be tempting, there are ways you can potentially increase your tax return money and get the greatest bang for your buck.
How can you protect yourself from scammers and not lose your hard-earned money? After all, it’s hard to know who to trust.