A reminder to employers that their December 2022 superannuation guarantee (‘SG’) contributions were due by 28 January 2023. Do not forget the two changes to SG that commenced on 1 July 2022:  The rate increased from 10% to 10.5%;  Employees...

Treasury Laws Amendment (Electric Car Discount) Bill 2022 received Royal Assent on 12 December 2022. As a consequence of this legislation being enacted, certain electric vehicles provided as a car benefit on or after 1 July 2022 can be exempt...

In the 2022-23 Federal Budget, the former Government announced bonus business tax deductions on expenses for training employees or improving digital operations. On 29 August 2022, the Government announced that it will proceed with the Training and Technology boosts and...

Are you looking to get the most out of your business vehicle? Purchasing an electric car could help your business be environmentally conscious as well as tax effective, thanks to the new proposal to make electric cars exempt from FBT....

The ATO is in the process of writing to taxpayers that may be eligible to have their tax debts disclosed to credit reporting bureaus (‘CRBs’). If the ATO reports a taxpayer that has an outstanding debt to a CRB, this...

What is a Director ID? A director identification number (Director ID) is a unique number given to directors that you will keep forever. These IDs will help to prevent the use of false director identities and identify illegal activities. If...

What small businesses need to know about the budget Are you a small business owner, wondering what the 2022-23 budget will mean for your business? Here are some changes that might affect your tax payments: Small and medium sized businesses...

What you need to know about the budget for your personal tax return On the 29th March, the treasurer delivered the federal budget for 2022-2023. You might be wondering how this year’s budget might make a difference to your tax...

Petrol, Super, and Cost of Living payments – What changes to the budget might affect you? There have been a range of measures from the 2022-23 budget that could affect you, whether you are shocked at the price of fuel...