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The tax implications and pitfalls of small-scale subdivisions You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications....

In an Uber the other day, the driver revealed that he had become a driver to pay for his second mortgage.  He invested in property but with interest rates spiking, the only way he could hold onto the property was to earn additional income. His “day job” starts early...

The tax refund many Australians expect has dramatically reduced. We show you why. There is a psychology to tax refunds that successive Governments have been reticent to tamper with. As a nation, Australia relies heavily on personal and corporate income tax, with...

The Skills and Training Boost gives you a 120% tax deduction for external training courses provided to employees.   The aim of this boost is to help SMEs grow their workforce, including taking on less-skilled employees and upskilling them using external training...

The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to maximise your deductions.   Almost a year after the 2022-23 Federal Budget announcement, the 120% tax deduction for...

For employers, incorrectly calculating wages is not portrayed as a mistake, it’s “wage theft."   Beyond the reputational issues of getting it wrong, the Fair Work Commission backs it up with fines of $9,390 per breach for a corporation. In 2021-22 alone, the Fair...

Employers & business Superannuation guarantee increases to 11% from 10.5% National and Award minimum wage increases take effect. The minimum salary that must be paid to a sponsored employee - the Temporary Skilled Migration Income Threshold increased to $70,000...

Personal income tax measures Increasing the Medicare levy low-income thresholds. The Government will increase the Medicare levy low-income thresholds for singles, families and seniors and pensioners from 1 July 2022 as follows:- The threshold for singles will be...