Business Insights
The Government has reinvigorated the 120% skills training and technology costs deduction for small and medium business.
An election ago, the 2022-23 Budget proposed a 120% tax deduction for expenditure by small and medium businesses on technology, or skills and training for their staff. This proposal has now been adopted by the current Government and details released in recent exposure draft by Treasury.
The ATO has now released Draft Taxation Ruling TR 2022/D1 Income Tax: Section 100A Reimbursement Agreements.
If you operate within a trust structure, it’s vital you know about this ruling. While it’s complex information, we will try to break it down for you as much as possible. Read on…
Are you aware of the two new incentives that were released in the March Budget? The Skills and Training Boost, and the Technology Investment Boost were both mentioned and released, however they aren’t legislated yet.
Making superannuation payments on behalf of your employees prior to June 30 is an important tax planning strategy. When to pay your employees' Q4 super guarantee (SG).
The Australian Federal Budget 2022 was delivered on 29 March 2022 by the Federal Treasurer Josh Frydenberg.
See our breakdown of the tax measures impacting small business in Australia.
Four new tax rulings have been released to address taxpayers utilising adult-child beneficiaries of family trust to reduce tax.
Mental health strategies for business owners, mental health first aid for accounting clients and business owners
New legislation requires all company directors to apply for a unique Director Identification Number.
Super stapling is new legislation commencing 1 November 2021 and will affect how businesses onboard new employees.
Strategies for developing resilience in your small business or agribusiness to enable you to bounce back from challenges. A guest post by Adam Pryztula, Director of Armed For Life
How to Spring Clean your business to improve efficiency (hint promote remote work and go paperless)
Esperance Chamber of Commerce and Industry (ECCI) Business After Hours, hosted by Smith Shearer and Kitto & Kitto, 12 August 2021