From the Principal’s Desk – Fabbro Talks (June 2023)
From the Principal’s Desk – Fabbro Talks (June 2023) Welcome to the June edition of our …
From the Principal’s Desk – Fabbro Talks (June 2023) Read More »
Tax
End of financial year tax tips
July 1st is fast approaching, and we all know what that means. Yes, it’s tax time. Unfortunately, filing taxes can be a laborious, frustrating, time-consuming, and somewhat overwhelming process for some of us. However, for others, filing their taxes is a necessary evil that gives them a fantastic opportunity to reduce their tax liability. These […]
Climate economy pact ushers in new era for Aussie firms
Australian companies will get their hands on massive tax breaks for joining the clean economy, without having to move to the United States. The new agreement signed with the US will put advanced manufacturers, hydrogen producers and critical mineral processing on par with American firms for more than $500 billion worth of subsidies and production […]
Super health check
Use this checklist to review the health of your super in 5 easy steps. Why you should review your super Your super is one of the biggest assets you’ll accumulate in your lifetime. However, many Australians think they don’t need to worry about their super until retirement. Some don’t think about it at all. It’s […]
Stage three tax cuts blow bigger hole in budget: Greens
The stage three income tax cuts will cost the budget $313 billion over the next decade, according to new costings commissioned by the Greens. That is 23 per cent higher than the previous estimate of $243b, which was not included in the federal budget handed down last week. The tax cuts are expected to overwhelmingly […]
Why time is running out for hybrid vehicle tax discount
Australian motorists have less than two years to claim a tax discount on hybrid vehicles before it is removed in a budget restriction expected to save the federal government $30 million. The cost saving was revealed in budget documents on Tuesday and came after the Greens and independent senator David Pocock negotiated changes to Labor’s […]
Cyber safety checklist for small business owners
As a small business owner, protecting your systems from cyber security threats is essential. There are some simple things you can do to keep your business and client data safe from cybercriminals. Here are our top 5 tips to keep your data safe: Install all software and app updates. Using an outdated version of software […]
Super tax tweak to slug top 10pct, Treasury docs reveal
A 20-year-old earning an average wage – about $90,000 a year in today’s terms – is expected to be captured under federal government changes to superannuation tax concessions, but only by the time they reach their early sixties. New Treasury documents reveal most people are not forecast to end up with super balances above $3 […]
Sparks are flying this coming FBT year
As an employer, you previously needed to pay fringe benefits tax (FBT) on electric cars provided to your employees. From 1 July 2022, you no longer need to pay FBT on benefits provided for eligible electric cars and associated expenses. Getting the green light You will now be exempt from paying FBT on benefits provided for electric cars […]
Major tax reform on ‘menu of options’ ahead of budget
Pruning back stage-three tax cuts, raising the GST and cutting wasteful spending on major defence and transport projects are among a suite of options the government could consider to rein in the budget deficit. Treasurer Jim Chalmers is due to hand down his second budget in less than four weeks and the spotlight is on […]
