A budget is a financial plan, derived based on where you want your business to go.

The government delivered tax cut package of $158 billion plan on 4 July 2019 over the following three stages:

Taxes are a part of life, but the fact that it is also a part of death is not much thought about, or discussed, or planned for.

As of 01 July 2019, the ATO have revised the compulsory repayment thresholds and repayment rates for the following study and training support loans:

As we are approaching fast towards the end of the financial year the income tax returns will be due for lodgments very soon.

Queensland Treasurer Jackie Trad set down the 2019 / 2020 Queensland Budget yesterday and there were some changes to payroll tax and land tax to be aware of.

In February 2019, the Federal Government enacted changes to the company loss rules, which were first announced in 2015.

By now I am sure you have heard all about the most unexpected election result in some time – at least since 1993.

The system was implemented for employers with 20 or more employees since 01/07/18 and will be applied to all employers, including those with 19 employees, from 01/07/19.

As we approach 30 June, there are a few things to remember… and check… when it comes to superannuation contributions.

An investment such as property is referred to as negatively geared if the income is less than the interest repayments and outgoing expenses.

A great tip to achieving Inbox Zero is to set some time aside each day to check your emails.

It is not enough to simply include the words 'family trust' in your trust's name. A trustee can only make a valid family trust election where it has satisfied the relevant tests and made an election in writing in the approved form.

What does that mean? The requirement for Single Touch Payroll (STP) was implemented from 1 July 2018 for all employers with 20 employees or more.

Although most of us think about the disposal of an asset when it comes to Capital Gains Tax (CGT), there are another 53 CGT events that have tax consequences.

After a big Christmas and New Year break we are now all back into the swing of things. It is a reminder that we are now half way through the 2019 Financial Year – where did that time go!

With the “silly season” now a distant memory and the New Year in full swing with many people exercising in the heat in an effort to accomplish one of their resolutions, it’s timely to bring to front of everyone’s mind the need to be vigilant with your business records and systems that you have in place to protect your data, as well as your cash.

If your business is paying for contractors, you need to look closer on each contractor to see if the contractor is considered as a relevant contract for payroll tax purpose.

The corporate tax rate for Small Business Entity (SBE) companies was reduced to 27.5% from the 2017 financial year. To be an SBE, a company must have carried on a business in the current year and met a $10 million aggregated turnover threshold cap.

**EMDG **is the Export Market Development scheme run by the Australian Government financial assistance program administered by Austrade for Australian aspiring and current exporters.