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14 Tips for Tax Planning 2022

The end of financial year is fast approaching, which means it’s time to start thinking about your tax! We have 14 tax saving tips to help you prepare and manage your Business’ financial accounts throughout the year.

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14 Tips for Tax Planning 2022
( Posted in: Tax )

Trust Planning This Year Needs To Be Done Carefully

In order to prepare your trust for the end of the financial year, there are multiple obligations that you need to fulfil as a trustee. Planning for your trust’s future is just as important as tax planning or business planning, so it’s encouraged that you take an active role.

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Trust Planning This Year Needs To Be Done Carefully
( Posted in: Tax )

Can I claim a tax deduction for my gym membership?

There are lots of reasons to keep fit but very few of them have to do with how we earn our income. As a result, a tax deduction for a gym membership isn’t available to most people.

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Can I claim a tax deduction for my gym membership?
( Posted in: Tax )

ATO ramps up heat on directors

Recently, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. These letters are a warning shot and should not be ignored.

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ATO ramps up heat on directors
( Posted in: Tax )

Is It The End For Trusts? | Corporate Trust Structure

Is it the end for Trusts? It been said that the death of trusts happened in February 2022 with the law on company beneficiaries, but is it really true or is that an exaggeration?

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Is It The End For Trusts? | Corporate Trust Structure
( Posted in: Tax )

Fuel tax credit changes

The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 until 28 September 2022.

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Fuel tax credit changes
( Posted in: Tax )

Essential Record-Keeping At Year-End For Your Business

It may seem like the importance of record-keeping is overly stressed by us, but it’s a critical part of the wrap-up of the year-end.

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Essential Record-Keeping At Year-End For Your Business
( Posted in: Tax )

The In’s and Out’s of PAYG

We have many clients asking us, what is PAYG, why do I need to pay the ATO upfront and how does it affect a business? There’s no need to struggle to understand this system anymore, let’s break it down!

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The In’s and Out’s of PAYG
( Posted in: Tax )