Compliance, Tax Tips
The technology investment boost and the skills and training boost for small businesses were both legislated on Friday 23 June 2023. These boosts allow eligible businesses to claim a ‘bonus’ tax deduction equal to 20 per cent of qualifying expenditure. Find out more...
Compliance, Tax Tips
In recent years, there have been three ways you can claim deductions for expenses incurred while working from home – The Actual Method: You claim the actual amount of expenses by keeping records and written evidence to determine the work-related proportion of actual...
Compliance, Tax Tips
If you run your professional affairs through a company, trust, or partnership and more than 50% of your income comes from your personal skills or efforts, then you are earning Personal Services Income (PSI). This impacts the types of deductions you can claim, and the...
Compliance
As the Tax Office continues to navigate the transition from paper, to digital, and back to paper communication, it appears that some clients are not receiving their PAYG instalment notices in the mail (or perhaps via email!) as expected. As such, if you haven’t...
Compliance
You might recall that earlier this year we shared an update about the new Director Identification Number regime. That regime is now in effect (from 1 November 2021). Existing and new company directors will now be required to apply and maintain their own personal...
Compliance
If you’re an existing client of ours, you’d know that we’ve been utilising digital signing for several years. One of our highest priorities is sharing electronic documentation for signature as securely as possible – which is why we have decided to...