If you are considering starting a business please contact us and book in a free consultation. We can advise the most appropriate/cost effective structure, assist in setting up the structure, compliance with registration requirements and taxation requirements etc.   ...

A Self-Managed Super Fund (SMSF) is a private super fund that you manage yourself. You are in charge – you make the investment decisions, and you are responsible for complying with laws. There are approximately 600,000 SMSFs in Australia with over one million members,...

If you are a cryptocurrency investor, a capital gains tax event may occur when you dispose of cryptocurrency.  A disposal can occur when you: sell cryptocurrency gift cryptocurrency trade or exchange cryptocurrency use cryptocurrency to obtain goods or services If you...

If you are a Director of a company, you are required to obtain a Director Identification number (Director ID). Existing Directors have until 30 November 2022 to apply. This also applies to Directors of Corporate Trustees, for example Self-Managed Super Funds. Each...

This year, we are proudly supporting World Sight Day on 14 October 2021 in support of the wonderful work performed by the Fred Hollows Foundation. Right now, there are 1.1 billion people in the world who are living with vision loss as they do not have access to basic...

Employers must choose either the Statutory Formula method of Operating Cost method to report fringe benefits for motor vehicles. If you have not kept the required documentation, we will be forced to use the Statutory formula method which may result in higher tax...

If you operate as a Sole Trader or a Partnership, you can claim car expenses using either the cents per kilometre method or the log book method. If you operate as a Company or a Trust, you must use the actual costs method. Generally, travelling between your home and...

You are required to keep records for five years (in most cases) from the date you lodge your tax return. If you do not have receipts to substantiate your expenses, please contact us. See the link below to the Australian Taxation Office website to download a quick...

Individual income tax rates for 2021/22 financial year remain unchanged from the previous year. Click on the link below to go directly to the Australian Taxation Office for a full breakdown of categories....

For 2021-2022 income year a base rate entity is a company that both: has an aggregated turnover of less than the aggregated turnover threshold 80% or less of their assessable income is base rate entity passive income The tax rate for base rate entity for 2021-2022...