What’s changing on 1 July 2022?

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A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For business Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will…

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2022-23 Federal Budget Highlights

The Federal Treasurer, Mr Josh Frydenberg, handed down the 2022–23 Federal Budget at 7:30 pm (AEDT) on 29 March 2022. In an economy emerging from the pandemic, the Treasurer has…

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Immediate Deductions Extended

Temporary full expensing enables your business to fully expense the cost of: new depreciable assetsimprovements to existing eligible assets, andsecond hand assets in the first year of use. Introduced in…

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Federal Budget 2022-23

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The Federal Budget has been brought forward to 29 March 2022. With the pandemic and the war in Ukraine we have seen a lot less commentary this year about what…

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Are Your Contractors Really Employees?

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Two landmark cases before the High Court highlight the problem of identifying whether a worker is an independent contractor or employee for tax and superannuation purposes. Many business owners assume…

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