The ‘Super’ Wars
A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget.
Full throttle in 2023
In a volatile market, keeping to a specific business strategy, or let’s face it creating one, can be tough. Not having one could be detrimental. Here’s our ‘must-do’s’…
Can you prevent a hack?
In the wake of the Optus cybersecurity breach, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act from $2.2m to up to $50m. But will this prevent hacks?
How to sell your business
There are two key components at play in the sale of a business: structuring the transaction and positioning. Both are important and can significantly impact your result.
Register your .au domain!
The .au domain is the new, general purpose, shorter Australian domain name option. Unregistered .au domains will be up for grabs from 4 October 2022.
What’s Changing on 1 July 2022?
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 rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each...
‘Don’t Rock The Boat’ Budget 2022-23
This is a safe, ballot box-friendly Budget as expected with a focus on jobs, cost of living, homeownership, and health. Key initiatives in this ‘Don’t Rock the Boat’ Budget for 2022-23 include: A 6 month, 50% reduction in fuel excise with effect from midnight Budget...
Trusts and Trust Distributions
Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and potentially retrospectively) as a result of the ATO’s more...
Covid Related Payments & Test Kits
The rules for the Pandemic Leave Disaster Payment, the payment accessible to those who have lost work because they have had to self-isolate with COVID-19, or are caring for someone who contracted it, changed on 18 January 2022. The new rules change the definition of...