Small business owners are under multiple stresses as they juggle work, home and life commitments. Getting that ideal life work balance is tricky, with many of my small business owners failing to make time for themselves and their hobbies. If you are struggling (or feel you might soon be struggling) then please reach out to… Read More Support for Small Business Owners
A few more details have been issued by the ATO in relation to the mechanics of the JobKeeper allowance. Sole traders and those running their business through trusts can also apply for one person. In the meantime this is a quick wrap up of what all businesses (including sole traders and trusts) need to do.… Read More JobKeeper How To ….
Further to my prior blog post about the first Corona Virus stimulus package, we now have a bit more detail about how those running a business can (or in some cases can’t) make a claim. First the sole traders & freelancers among you. Well a very disappointing outcome for the sole traders of Australia, as… Read More How to make a Stimulus Package claim
Not much to do with tax today, but if your power bills, like ours, seem to be getting higher and higher try this…. Get hold of your last power bill, go to this website & pop in your usage details. This is the government website, not the one with the irritating meerkats which will hound you… Read More Outrageous Power Bills ?
Another year, another budget and another raft of changes. Remembering that nothing is legislated, and it may all change and be tweeked as it goes through parliament, here is a brief synopsis of the main points of interest. Most of the changes this year are fairly minor, with lots working to eliminate the cash economy and get everyone paying… Read More Budget Update
Remember to check out the newsletter page on my website for our regular tax updates. This month includes the tax aspects of Bitcoins – yes contrary to popular belief there are tax ramifications! – and how renting part of your home, through for example AirBNB, will potentially cost you in capital gains on the eventual… Read More Bitcoins & Tax
A few reminders and pointers for you as we race towards June .. All our clients will shortly be receiving an offer to take up our optional ATO audit insurance offer for 2017/18. Remember the ATO can audit returns many years after they are lodged & (unlike normal law) you are deemed guilty until you… Read More Updates & Deadlines
Finally, the proposed super reforms have gone through with many changes to take place from July 2017. One of these well publicised reforms is a change to the Non-Concessional Contribution (NCC) cap, which is to be reduced to $100k p.a. (previously $180k). However, there are further changes to the NCC affecting those of you lucky… Read More Quick – get those Non Concessional Contributions in now
This post comes as we hopefully enjoy some time off and lots of chocolate over the Easter weekend. Hubby is away and I am not sure where he has hidden my Easter egg, but I am sure he has put it somewhere and not forgotten! But for some, unfortunately this time of year is not… Read More Easter Eggs and Huge Tax Bills!
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