Temporary Full Expensing

Temporary full expensing is a short term tax initiative that allows businesses to claim an immediate deduction for the business portion of the cost of an asset in the year it is first used or installed ready for use for a taxable purpose. The incentive has now been...

Fringe Benefits Tax Returns (FBT)

If you are an employer and you provide certain benefits to your employees or their family or associates, your business may be liable for fringe benefits tax. For fringe benefits tax (FBT) purposes, an employee includes: current, future or past employee director of a...

Superannuation Concessional Contribution Caps

The concessional contributions cap for 2021-2022 is $27,500 For the 2022-2023 year the concessional cap will remain at $27,500 If your superannuation balance is less than $500,000, you may be entitled to contribute more than the general concessional contributions cap....

Increase in Superannuation Guarantee

Superannuation Guarantee (SG) from employers will rise to 10.5% from I July 2022. This may result in a reduction in take-home pay for some employees who are on a Salary Package. If you are an employer, please note that employees can be eligible for SG, regardless of...

Covid-19 Payments & Tax Deductions

If you received a COVID-19 Disaster Payment during 2021-2022, that payment is exempt from income tax, and you do not include the payment in your tax return. If you received a Pandemic Leave Disaster Payment, you must include it in your tax return as income. You can...

Single Touch Payroll (STP) for Businesses

It is mandatory to report employees’ payroll information to the ATO via STP. If you are an employer and have not started STP, please choose one of the options below. -  Upgrade your existing payroll software to an STP enabled software -  follow the link below to use a...

Concessional Superannuation Cap for 2022

Concessional contributions include :  -  your employer contributions, and -  your personal contributions claimed as a tax deduction. The cap for 2021-2022 year is $27,500.  Some tax payers are eligible to carry forward unused concessional caps from previous years and...

Director ID

If you are a corporate trustee of a SMSF or a director of a private company, you can now apply for your director ID. Follow the link below to start your application.  Once you receive your Director ID please forward it to us for our records....

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Address: Suite 426
14 Lexington Drive
Bella Vista NSW 2153

Phone: (02) 8883 0133

Postal: PO Box 7085,
Baulkham Hills NSW 2153

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