The ‘Airbnb’ Tax

Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators. The Victorian Government’s recent Housing Statement announced Australia’s first short-stay property tax. The additional tax, which is scheduled to come into effect from 1 January 2025, is expected to generate $70 million…
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$20k deduction for ‘electrifying’ your business

General
Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how to maximise the deduction! The small business energy incentive is the latest measure providing a bonus tax deduction to nudge the investment behaviour of small and medium businesses, this time…
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Accountant Using A Calculator

5 Ways Accountants Can Save You Money

Imagine having a trusted financial partner by your side, helping you navigate the intricate world of money matters. Whether you’re an individual looking to secure your financial future or a business owner aiming to boost profitability, accountants can play a pivotal role in saving you money. In this blog post, we’ll explore five essential ways…
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Property subdivided

Thinking of subdividing?

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. Many small-scale developers often assume that their tax exposure is minimal…
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Succession Planning

Succession: What does it take to and your business to the next generation?

What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners. When it comes to generational succession of a family business, there are a few important aspects: Succession of the…
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Why is my tax refund so small?

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 personal income tax including taxes on capital gains representing 40% of revenue compared…
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Business Owner Checking Business Status

Navigating The Complexities Of Small Business Accounting

Accurate financial records are important for a business’s success, but navigating the complexities of accounting can be challenging. That’s where a professional accountant steps in to streamline the process. This guide will provide you with insights into the intricacies of small business accounting. Decoding the Basics: The Importance of Small Business Accounting First, let’s understand the…
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The 120% technology and skills ‘boost’ deduction

The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to take maximise your deductions. Almost a year after the 2022-23 Federal Budget announcement, the 120% tax deduction for expenditure by small and medium businesses (SME) on technology, or skills and training for their…
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