Category: tax accounting
What is salary sacrificing and is it for me?
It sounds like some sort of sacrificial ritual for your paycheck, but don’t worry it’s neither complicated nor sinister. Salary sacrificing is simply asking ...
Top 5 questions to ask your accountant at tax time
Here are the top 5 questions that you should be asking your accountant, tax or business advisor during tax time. Are you a registered ...
The dangers with share buy-backs
Many businesses find operating through a company structure is attractive as the profits are taxed at a flat rate of 26% (if turnover is ...
Australians don’t support high taxes
Following successive election losses, Labour has done a complete 180-degree flip on tax. They now support tax cuts for individuals earning up to $200,000 ...
15 per cent global minimum corporate tax rate
A new proposal for a 15 per cent global minimum tax rate by 2023 has been approved by the G20 finance ministers. The objective ...
My car and tax, what can I claim as a business owner?
As a business owner, you can deduct the following expenses for a vehicle carrying less than one tonne and fewer than 9 passengers: fuel ...
Property tax reform
The states are asking the Australian federal government to adopt a new property tax system offering flexibility to home buyers. A buyer would be ...
Victorian Government Small Business Digital Adaptation Program
The Victorian Government announced some grants late last year but did not open them up for application until earlier this year. The Victorian Government’s ...
Forget about tax and take a holiday in Australia!
It's been a tough year for everyone. From lockdowns and job losses to anxiety and mental health, 2020 has been a year to remember. ...
Taxing knowledge
The first tax on newspapers in Britain was introduced in 1712. Newspaper tax in the United Kingdom reached a height following the Napoleonic wars ...