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Limiting Deductions for Vacant Land

Limiting Deductions for Vacant Land

As part of the 2018-19 Federal Budget, the Government announced that it would limit deductions for expenses associated with holding vacant land for the intended purpose of earning assessable income.  This change is now law and applies to expenses incurred on vacant...
Unwrapping the joys and pitfalls of giving

Unwrapping the joys and pitfalls of giving

Christmas is a time of giving, when thoughts turn to family and to helping those less fortunate. To gift in a meaningful way that maximises the benefits, it’s important to consider tax. While Australia doesn’t have a gift tax, there are tax considerations nonetheless...
Sharing Yellow Buckets of Joy

Sharing Yellow Buckets of Joy

The fifth instalment of the Yellow Bucket Appeal has officially kicked off for the 2019 festive season and we could not be more excited! Signing on to support this year’s cause as the major sponsor for the fourth consecutive year, our team of accountants, advisors,...
Tax Alert: December 2019

Tax Alert: December 2019

If the introduction of Single Touch Payroll (STP) wasn’t a big enough challenge, small businesses can now look forward to the arrival of e-invoicing and changes to the Superannuation Guarantee (SG) rules. Here’s a roundup of some of the latest tax developments.  ...
Stretching your travel budget further

Stretching your travel budget further

Many Australians will soon be jetting or sailing away on their annual overseas getaway. Unfortunately, the value of the Australian dollar has been falling against the US dollar, British pound, euro, yen and even the Indonesian rupiah. Here are some suggestions on how...
Superannuation Guarantee Amnesty

Superannuation Guarantee Amnesty

In September, the government re-introduced legislation that provides for an amnesty for employers who have under paid super for their employees.  The amnesty will apply to underpayments of super that have occurred up to the original announcement date of 24 May 2018,...