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2022 Federal Budget: What It Means for Small Business Owners
With a Federal Election due in the next 8 weeks, the Morrison Government has just made its bid for re-election with the following headline announcements in its Federal Budget released on Tuesday 29 March 2022: Petrol tax slashed by
Federal Budget 2022-2023
On Tuesday 29 March 2022, the Federal Government handed down the 2022 Budget. The focus of the Budget is to provide assistance with the rising costs of living. From a small business point of view, two key initiatives were
Cryptocurrency and Your Tax Return
The number of Australians investing in cryptocurrency (commonly referred to as Crypto) has grown rapidly over the last couple of years, however many investors are unaware of their tax obligations when dealing with crypto. Due to the increase in
Temporary Full Expensing – Last Chance to Utilise the Measure Before 30 June 2022
As you may recall, as part of the 2020-21 Federal Budget, the Morrison government released a generous tax incentive to help stimulate the Australian Economy due to the onset of COVID-19. The Temporary Full Expensing stimulus measure, allowed businesses
Odometer Reading
Not sure how to accurately track your company's vehicles? Use our template for this year's annual motor vehicle odometer reading. Click here to access our Odometer Reading Logbook. Best part? It's free!
Why You Should Lodge an FBT Return?
Even though Fringe Benefits Tax (FBT) is designed to capture benefits enjoyed by an employee, it is levied on the employer. Unless your employment agreement allows for any FBT that becomes payable to be recouped from the employee, the