The NSW Government has introduced a Toll Relief Rebate for sole traders. If you are a sole trader you may be eligible to claim a 40% rebate.
Claim the New South Wales Individual Toll Relief Rebate
The NSW Government has introduced a Toll Relief Rebate for individuals. Eligible motorists who spend more than $375/year on tolls can claim a 40% toll rebate.
How to grow your exports with an Export Market Development Grants
Austrade’s Export Market Development Grants (EMDG) program helps Australian businesses grow their exports in international markets.
How to check for lost and unclaimed superannuation
The Australian Taxation Office (ATO) has revealed that there is $16 billion in lost and unclaimed superannuation across Australia.
$25,000 energy efficiency grant for small and medium sized enterprises
The Federal Government has introduced an Energy Efficiency Grant that will provide small and medium sized businesses with an employee headcount of 1 – 199 employees up to $25,000 to improve energy efficiency and reduce costs.
Fringe Benefits Tax and Electric Cars – Everything you need to know
The ATO has announced that from July 1st 2022 employers do not pay Fringe Benefits Tax (FBT) on eligible electric cars and associated car expenses.
Temporary Full Expensing Explained
With the end of financial year fast approaching, and the temporary full expensing scheme extended to 30 June 2023, now is the perfect time to understand what this scheme can do for your business. With this temporary measure, businesses are now able to immediately deduct the full cost of eligible assets. The Federal Government first
Tax Deductibility of COVID-19 Test Expenses
Following much anticipation, the government declared that COVID 19 tests, including PCR and RATs (rapid antigen tests), will be tax deductible and free from FBT when acquired for business-related purposes. This is intended to apply in cases where an individual is expected to report to work or has the choice to work remotely. From 1
Super Changes from 1 July 2022
Here is a summary of the most significant changes in super that will likely affect small business owners and go into effect on July 1, 2022. Superannuation guarantee increase to 10.5% On July 1, 2022, the Superannuation Guarantee (SG) rate will increase from 10% to 10.5%. It will thereafter grow by 0.5% per year until
7 Questions You Need to Ask your Advisor this Tax Time
The end of the financial year (EOFY) is not all about tax – it is a perfect opportunity to look back at the year and look forward to improvements for the next financial year. Small business owners frequently have a lot of questions for us advisors during this time. But sometimes it can be difficult
Re-contribution of COVID-19 Early Release Super Amounts
Introduction You can now re-contribute funds that you have taken out under the COVID-19 early release of super program. Contributions can be made between 1 July 2021 and 30 June 2030. COVID19 re-contribution amounts are not a new type of super contribution. They are considered a personal contribution but will not count towards a person’s
Increase in releasable First Home Super Saver Scheme amounts
Introduction On 11 May 2021, as part of the 2021–22 Federal Budget, The Australian Government announced changes to the First Home Super Saver (FHSS) scheme to increase the contributions that can be counted towards the maximum releasable amount to $50,000 and improve the scheme’s operation. This increase will come into effect from 1 July 2022.