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Changes in reporting requirements for not-for-profits

From the end of this 2023-2024 (current) income year, all non-charitable not-for-profits (NFPs) with an active ABN will need to lodge a self-review annual return…. from Changes in reporting requirements for not-for-profits

Changes to personal income tax

The Federal Government recently announced tax cuts for all Australian individual taxpayers, effective from 1 July 2024. This means that every taxpayer will be paying… from Changes to personal income tax

Annual trust distribution requirements

One of the many requirements of the trustee(s) of a trust is to make an annual distribution resolution, where annual profits are allocated to beneficiaries…. from Annual trust distribution requirements

Redrawing on investment loans – what it means for you

If this is your first rodeo with an investment property, you may have learned that the interest charged on investment loans is tax deductible. Hooray!… from Redrawing on investment loans – what it means for you

Want six months in Bali without the CGT?

Don’t we all. Well, the main residence exemption rule means that you may be able to be absent from your main residence without triggering Capital… from Want six months in Bali without the CGT?

Have you reviewed your GST registration?

You may be surprised to learn how many different types of businesses are required to register for GST. Who needs to register? Businesses or enterprises… from Have you reviewed your GST registration?

Small business technology investment boost

In 2022, the Government announced it will support small businesses with a technology investment boost. This support means that businesses with an aggregated annual turnover… from Small business technology investment boost

Your quick compliance checklist!

We know it can seem like there are a myriad of compliance obligations to be aware of as a business owner. So, to try and… from Your quick compliance checklist!

Skills and training boost

The Government is refocussing on the 120% skills training and technology costs deduction for small and medium business. The Skills and Training boost is a… from Skills and training boost

Electric cars may soon be FBT free

Electric cars may soon be made Fringe Benefit Tax (FBT) free as part of the Government’s plan to make zero and low emission vehicles the… from Electric cars may soon be FBT free