Spending was flat last month, with tax cuts yet to materially improve retailer fortunes as many chose to stash extra cash away. The flat July outcome was below the 0.3 per cent growth consensus forecast and followed two months of upbeat results. Australian Bureau of Statistics head of retail statistics Ben Dorber said discounting had […]
Tax cuts put away for rainy day as spending spree ends Read More »
A surge in new apartments has fuelled a rebound in sluggish housing approvals, as the coalition floats the possibility of withholding GST payments from states if they don’t meet construction targets. There was a 10.4 per cent increase in the number of dwellings given the green light in July, driven by a 32 per cent […]
Housing approvals bounce back but market still subdued Read More »
Welcome to the September edition of our Newsletter. August has come and gone and saw me
From the Principal’s Desk – (September 2024) Read More »
You can claim tax deductions for expenses you incur while running your business if they’re directly related to earning your business income. This is also known as assessable income. Take Zac for example. Zac is a sole trader who works as a management consultant. As part of his work, he travels to deliver seminars and workshops. Zac […]
Claiming business expenses – Your guide to claiming business expenses correctly. Read More »
Businesses (with an aggregated annual turnover less than $50 million) may be able to access a bonus 20% tax deduction with the small business energy incentive (the incentive). This applies to new assets, or improvements to existing assets, that support more efficient energy use. Eligible assets must have been both first used or installed ready for use for […]
Welcome to the August edition of our Newsletter. August is here and the sun has come
From the Principal’s Desk – (August 2024) Read More »
Get ready for tax time with ATO small business Tax Time toolkit. The 2024 Tax Time toolkit includes useful information, tools, calculators, learning resources, and other support and services. This toolkit is your one-stop-shop for help during tax time and throughout the year. You’ll find updated fact sheets to help you if you’re claiming a deduction […]
The Tax Time toolkit for small business is now available Read More »
How to claim tax deductions for home-based business expenses if you operate some or all of your business from home. What is a home-based business? A home-based business is one where an area of your home is set aside and used exclusively as a place of business. The types of expenses you can claim depend […]
Tax deductions for home-based business expenses Read More »
Changing a business’s ownership structure can be a complex process, often necessitated by various circumstances, such as partnership disputes, divorce, retirement, or the sale of the business. Regardless of the reason, it’s crucial to understand the legal implications and ensure the transition is smooth and compliant with relevant laws. Here, we address common […]
Navigating ownership changes: A comprehensive guide for business owners Read More »
Income and allowances to declare and the expenses you can claim a deduction for in your occupation or industry. Using our guides Our occupation and industry guides help you to complete your tax return, use these guides to: work out what income and allowances to declare check if you can or can’t claim work-related expenses […]
Occupation and industry specific guides to use for tax returns Read More »
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