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Insights

22.11.2024

Insights - Fringe Benefits tax - What, why, when and who?

FBT is probably the one tax that business owners find most difficult to get right because it’s quite broad in the items that it can apply to. Applying to any non cash benefits paid by Employers to Employees or their Associates, in respect of Employment- we need to take care to ensure we are getting it right. Read More

22.11.2024

Insights - Don’t let the ATO Grinch ruin your Christmas.

Although Christmas is a time for celebrations, as a business owner there are a number of things we need to remember to ensure the festive season is fun but also that you don’t end up with a post Christmas financial hangover. Read More

29.09.2024

Insights- Qld Business Basics Grant- Round 6

The Qld Government will release Round 6 of the Business Basics Grant on 30 September, offering $7500 to businesses to improve Business confidence and skills Increase long term turnover, profit and employment Improve business resilience Read More

08.09.2024

Insights- Is the ATO watching you? ATO and Lifestyle Assets

In attempt to understand the assets and wealth of particular tax payers, the ATO is expanding it's focus on those purchasing lifestyle assets. What does this mean for you? Read More

18.08.2024

Insights - The Importance of Preparing a Notice of Intent to Claim a Tax Deduction

While a Notice of Intent to Claim A Tax Deduction might seem like a small administrative task, its importance cannot be overstated as it plays a critical role in optimizing your tax outcomes from making a superannuation contribution. Read More

18.08.2024

Insights - How To Talk to Anyone- 92 Little Tricks for Big Success in Relationships- Notes from the Book

Leil Lowndes gives 92 ideas for improving communication with others.  They vary from verbal communication to body language skills and tips for better connections.  Many of these may be just common sense but provided a good reminder and change of mindset of how to interact for building better relationships. Read More

04.08.2024

Insights - ATO Resurrects s100A for Trust Distributions

The ATO seems to have maintained a position for a long time, that it much prefers the dealings of individuals or corporate entities, to trusts, where the ultimate taxable benefits can be more readily manoeuvred and difficult to follow. Steve Payne explains how s100A can be applied by ATO where they consider trust distributions may be inappropriate. Read More

23.07.2024

Insights - The Diary of a CEO: the 33 Laws of Business and Life- Notes from the Book

Steven Bartlett shares his 33 Laws of Business and Life and helps guide through the process of implementing these into your life. Read More

03.06.2024

Insights - Getting your structure right without the tax- using the Small Business Restructure Rollover.

Current structure not quite right? But, you don’t want to incur tax to transfer your successful business into a new structure? Provided that you meet certain criteria, then there are options. Read More

16.05.2024

Insights- The Federal Budget 2025-2025

On Tuesday 14th May, Jim Chalmers handed down his second Federal Budget. The budget again focused on cost of living, whilst trying not to add to increased inflation but from an accountants perspective there wasn't a lot of new information with most items already being released before budget night. Below is a summary of some of the items which may impact on your business or personal taxation outcomes. Read More

05.05.2024

Insights: Tax Planning - Failing to plan is planning to pay tax!

Nobody wants to pay more tax than they need to- so why would you not plan ahead to ensure you are legitimately minimising the amount that ends up in the ATO’s pocket. Read More

25.04.2024

Insights - FAQ - Can I claim a deduction for my work clothing?

We are commonly asked by our clients what work related expenses they may be eligible to claim, in particular can they claim for the clothing that they wear for work.  In this article Steve Payne breaks down the facts to work out what the ATO says is OK and what is not. Read More

19.04.2024

Insights - The Art of Communicating

Thich Nhat Hanh shares his secrets to authentically connected with yourself and others. The style of writing was different than many other books I have read however there were still some key takeaways which are included here. Read More

29.03.2024

Insights- Radical Candor - Notes from the book.

In Radical Candor Kim Scott gives guidance on how to show you care and get what you want by saying what you mean. Read More

14.03.2024

Insights- Share in racing's thrills - The Land Newspaper

Recently, our own Murray Kilpin was invited to contribute to an article by Hayley Warden in The Land Newspaper, sharing the most important consideration for those venturing into owning horse. Check our the article for Murray's top tips. Read More