Tag: Tax

The End of Financial Year is only days away. Liza Byrnes provides some helpful information for business owners and taxpayers.

The Insurance Council of Australia has slammed the new Queensland 2021-22 budget, saying it fails to protect Queenslanders from extreme weather disasters.

A new study by Officeworks revealed that almost half of the Australian small business owners (49%) are unaware of the increase in the threshold for instant asset write-off.

Part of the Federal Government’s 2021 Budget will be heading to Australia’s games sector, enabling developers to better compete on the world stage in an industry poised to be valued at over $250 billion by the year 2023.

Putting lipstick on the proverbial pig is what we’re seeing with pseudo-SMSF. It can be detrimental to those who want to step into the world of SMSF and take control of their financial future.

Small businesses with an annual turnover of under $10 million are eligible to apply for the service…

$22.68 million in penalties have been handed down by the Federal Court, the largest amount in Research and Development Tax (R&DT) history.

Tax policy under a Biden presidency may facilitate more US investment into Australia than a Trump presidency, according to the United States Studies Centre. Biden has proposed raising the corporate tax rate from 21 per cent to 28 per cent, raising personal income tax for the top individual earners from 37 per cent to 39.6 […]

The business tax changes under the 2020-21 Budget have been met with positive feedback from professional accounting bodies and tax experts. Two of the key announcements under the Government’s business investment strategy are the immediate expensing and loss carry-back provisions for businesses with an annual turnover of up to $5 billion. Under immediate expensing, businesses […]

Cryptocurrencies have had a rocky road towards mainstream acceptance. In 2017, the CEO of JP Morgan, Jamie Dimon, called bitcoin “a fraud”. However in 2019, JP Morgan became the first US bank to successfully test its own digital coin.   The growth of digital currency has enthralled investors. Bitcoin, the world’s largest cryptocurrency by market […]