Blog

2021 Risks & Opportunities

covid - 2021 Risks & Opportunities
With the borders between the State and Territories all but open and 2021 in sight, there is a hunger for a return to ‘normal’. The recent Westpac-Melbourne Institute Index of Consumer Sentiment articulates this desire to ‘get on with things’; sentiment reached its highest level since November 2013 and Christmas spending is expected to be consistent with previous years.
(more…)

Read more

5 things that will make or break your business this Christmas

christmas 01 - 5 things that will make or break your business this Christmas
5 things that will make or break your business this Christmas

The countdown to Christmas is now on and we are in the midst of the headlong rush to get everything done and capitalise on any remaining opportunities before the Christmas lull. Busy period or not, Christmas causes a period of dislocation and volatility for most businesses. This dislocation and volatility mean that it is not ‘business as usual’ and for many businesses, it is the change that causes the problem.
(more…)

Read more

What would 0% interest rates mean for you?

0 01 - What would 0% interest rates mean for you?
What would 0% interest rates mean for you?

The Reserve Bank of Australia is widely tipped to reduce interest rates again in 2020 to historic lows. Easton Wealth economist Emmanuel Calligeris explores the impact.

(more…)

Read more

Deductions for working from home

Blogimage3 - Deductions for working from home

Working from home: What deductions can you claim?

For a while now, the ATO has been concerned about tax deductions individuals have been claiming for home office expenses.  We guide you through what you can and can’t claim if you work from home. (more…)

Read more

Employee vs Contractors

Blogimage2 - Employee vs Contractors
Contractor or employee? Defining workers in the gig economy.

A former Foodora Australia delivery rider recently won an unfair dismissal claim despite a service agreement that classified him as an independent contractor. We explore the implications of the case because the facts of this case are relevant to all businesses engaging contractors. (more…)

Read more

Single Touch Payroll: what you need to know

payroll - Single Touch Payroll: what you need to know
Single Touch Payroll (STP) – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – comes into effect from 1 July 2018.
(more…)

Read more

One-off Super Guarantee Amnesty

super - One-off Super Guarantee Amnesty
Employers that have fallen behind with their superannuation guarantee (SG) obligations will have 12 months to “self-correct” under a new amnesty announced late last month.
(more…)

Read more

FBT: Understanding the misunderstood tax

shutterstock 588193988 - FBT: Understanding the misunderstood tax
FBT: Understanding the misunderstood tax

We’ve outlined the key Fringe Benefits Tax (FBT) hot spots for employers and employees.  (more…)

Read more

Are you at risk of losing your Main Residence Exemption?

AdobeStock 164141018 2 1 - Are you at risk of losing your Main Residence Exemption?
Why ‘property flipping’ is the next ATO target

The tax law does not allow you to ‘flip’ a property tax-free even if you are living in it. Most people think that they can move in to a property, renovate it, and then sell it without paying tax. The main residence exemption – the exemption that protects your family home from tax – does not apply if your primary purpose is to ‘flip’ the property for a profit. The fact that you are living in the property does not mean it’s exempt from tax. (more…)

Read more

Generational Business Succession

Generational succession
Generational succession: Do your kids really want to take over your business?

Generational succession – handing your business across to your kids or family – sounds simple enough, but many families end up in dispute right at the point when the parents, business, and children are most vulnerable.

(more…)

Read more