Blogs

‘Menstrual poverty’ comes in many forms, primarily poor education on menstruation due to financial constraints and a lack of access to necessary sanitary products, waste management systems and hand washing facilities. It is a global problem affecting millions of women worldwide. One survey of 2000 women aged between 18 and 55 found that nearly half…

With the federal budget now released, we take a look at the key elements and break them down into an easy to digest summary. We will take a look at: Tax Advantages Economic Outlook Industry Targeted Funding Let’s begin with the tax advantages. Tax Advantages Personal Income Tax Cuts: Brought forward effective from 1st July…

The super guarantee amnesty ends in September – make sure you’re prepared The amnesty on companies paying backdated super guarantees comes to an end on 7th September. This amnesty was designed to help companies pay back years of payments that may have gone missing, but without any penalties from the government. If you haven’t yet…

What the extension of JobKeeper payments means for you In June 2020, the Australian Government announced they will be extending the JobKeeper payment for eligible businesses and not-for-profits until the 28 March 2021. Originally, the payment was set to run until the 27 September 2020. Priority for this extended support will be given to not-for-profits…

Tax Brackets Australia – The Definitive Guide to Tax Brackets & Tax Strategies [2020 update] Are you paying the right amount of income tax? In a surprising number of cases, businesses and individuals are paying more tax than they need to! Here we take a look at the current Australian tax rates, as well as…

The recent Covid-19 pandemic has had devastating consequences for many businesses, particularly those who have had to stop trading since restrictions were imposed in March 2020. Not only are many self-employed people feeling the pinch, firms are being forced to close, or dramatically reduce their workforce. This can leave employees in dire financial straits, at…

Tax depreciation schedules are one of the most significant yet under-utilised tools available for property investors to maximise their returns. However, a large proportion of people still fail to realise the benefits of ordering a tax depreciation schedule. It is now estimated that through depreciation landlords could claim back between ten and forty per cent…

The year is going so quickly that June 30th will be here before you know it. And, June 30th means one thing – end of the financial year (EOFY). To ensure you meet the deadline, it’s time to get your personal and business finances in order. Thankfully, by following some simple tips, preparing for tax…

With the new tax year on the horizon, it’s little surprise that ASIC have recently published their fees for the year ahead. Taking effect as of July 1st 2020, many of the administrative tasks which ASIC charge for have seen a modest increase in price. Read on for further details on the price rises, as…

In response to the damage which businesses have suffered due to the effects of the Covid-19 pandemic, the government has introduced a suite of measures designed to provide an economic stimulus, promoting growth and recovery. One of these measures related to a temporary increase in the instant asset tax write-off value. Intended to enable businesses…

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