The Technology Investment Boost is a 120% tax deduction for expenditure incurred on business expenses and depreciating assets that support digital adoption, such as portable payment devices, cyber security systems, or subscriptions to cloud-based services. The boost is capped at $100,000 per income year with a maximum deduction of $20,000. To be eligible for the … Read more
There are two key components at play in the sale of a business: structuring the transaction; and positioning the business to the market. Both elements are important and can significantly impact your result. Structuring the transaction covers areas such as pricing the business, the terms and conditions attaching to the sale, key terms in the … Read more
23:59 UTC on 20 September 2022 is the cut-off to register for your .au direct domain. The .au domain is the new, general-purpose, shorter Australian domain name option. If you do not register the direct match of your existing domain for the direct .au domain, you risk your brand equity being consumed by someone else, … Read more
We’re going to the Henty Field Days, 20, 21 & 22 September 2022. We think it’s going to be the biggest ever, since not been able to run since 2019. Southern Australia’s biggest agricultural event is the Henty Machinery Field Days. With over 3500 businesses on site, there’s something for everyone. Opening hours 8am – … Read more
New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how Electric vehicles (EV) represent just under 2% of the new car market in Australia but it is a rapidly growing sector with a 62.3% jump in new EV registrations between 2020 and … Read more
Before parliament is a bill for exempting electric cars from FBT Treasury Laws Amendment (Electric Car Discount) Bill 2022 This Bill provides for an FBT exemption for cars that are classified as zero or low emission vehicles and are provided by employer to an employee as a car fringe benefit. The Government is hoping that … Read more
One of the biggest complaints from salespeople in a tight economy is the time it takes to achieve a sale. So, what can you do to speed up the sales process? Sell the solution not the product Branding is wonderful but unless your brand is as mighty as Coca Cola, it’s unlikely people will purchase … Read more
A reminder of what changed on 1 July 2022 Business Superannuation guarantee increased to 10.5% $450 super guarantee threshold removed for employees aged 18 and over Small business GST and PAYG tax instalments lowered (the total tax liability remains the same, just the amount the business needs to pay through the year is lowered) ATO … Read more
So many changes happening in 2023 for business owners, it’s hard to know where to start, we have compiled a short brief on a few key changes. Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each … Read more
There are lots of reasons to keep fit but very few of them have to do with how we earn our income. As a result, a tax deduction for a gym membership isn’t available to most people. And yes, the Tax Office has heard all the arguments before about how keeping fit reduces sickness and … Read more
