Monthly Archives: October 2023

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Unpacking the Technology Investment Boost for Small Businesses

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In the ever-evolving landscape of business, staying ahead often means embracing digital transformation. Small businesses, in particular, can now find a powerful ally in the form of the Technology Investment Boost—a game-changing opportunity that offers a 20% bonus deduction on technology expenditure. Decoding Eligibility: What Qualifies? Navigating the intricacies of eligible expenditures can be daunting, … Continue reading Unpacking the Technology Investment Boost for Small Businesses →

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A Simple Guide to Tax-Deductible Contributions

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Introduction: Making the most of your superannuation involves understanding how personal deductible contributions work. In this easy-to-follow blog, we’ll break down the basics, including who’s eligible, age rules, timing, and what happens after you decide to put money into your super. Eligibility Requirements: To claim a tax deduction for your super contributions, you need to: … Continue reading A Simple Guide to Tax-Deductible Contributions →

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Don’t Forget About the Small Business Roll-Over Concession for Capital Gains Tax (CGT)

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If you’re running a small business and you’ve made some money from selling assets (like property or equipment), there’s a fantastic tax break you might not be taking full advantage of the Capital Gains Tax (CGT) small business concessions. Here’s the lowdown in simple terms: 1. What’s the Concession? – These concessions can help you … Continue reading Don’t Forget About the Small Business Roll-Over Concession for Capital Gains Tax (CGT) →

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Give Your Small Business a Skills Boost and Save on Taxes Too!

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Introduction: Hey there, small business owners! If you’re looking for a win-win situation that involves levelling up your team’s skills and enjoying some sweet tax deductions, you’re in the right place. Let’s dive into the exciting Small Business Skills and Training Boost world. What’s the Buzz All About? Running a small or medium-sized business comes … Continue reading Give Your Small Business a Skills Boost and Save on Taxes Too! →

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Lessons from Makrylos v FCT [2023] FCA 971

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Introduction: A recent court case, Makrylos v FCT [2023] FCA 971, has important lessons for anyone involved in property development. This blog breaks down the key points of the case and what it means for property developers, whether they’re seasoned or just starting. Overview of the Makrylos Case: In simple terms, the court had to … Continue reading Lessons from Makrylos v FCT [2023] FCA 971 →

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What Small Businesses Need to Know About New Unfair Contract Laws

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Introduction Big changes are on the horizon for businesses in Australia, especially for those dealing with consumers and small enterprises. The Australian Consumer Law is getting a makeover to add more shields for the little guys against unfair contract terms. Starting from November 9, 2023, businesses need to be on their toes to ensure their … Continue reading What Small Businesses Need to Know About New Unfair Contract Laws →

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Save Money on Taxes with Smart Super Contributions

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Introduction: Want to pay less in taxes while securing your future? Superannuation, Australia’s retirement savings plan, has a cool trick for personal deductible contributions. Let’s break down how it works, especially when combined with catch-up concessional contributions, to help you save on taxes. In this blog post, we’ll explain personal deductible contributions, the cap on … Continue reading Save Money on Taxes with Smart Super Contributions →