News
Latest Posts
The Super Guarantee Rules Catching Venues and Gym Owners by Surprise
If you're a business owner, the last thing you want is unexpected financial obligations sneaking up on you, especially those tied to superannuation. Recent developments have highlighted that venues, gyms, and many other businesses may unknowingly be exposed to...
The Super Guarantee Rules Catching Venues and Gym Owners by Surprise
If you're a business owner, the last thing you want is unexpected financial obligations sneaking up on you, especially those tied to superannuation. Recent developments have highlighted that venues, gyms, and many other businesses may unknowingly be exposed to...
Featured Posts
A Taxpayer’s Unconventional Home Loss Claim
There has been a recent controversy in the tax field due to a remarkable case in which a taxpayer, defying the odds, obtained a deduction for a significant loss from the sale of her home. In this blog, we will investigate the specifics of this surprising development...
Unpaid Superannuation: A $3.6 Billion Concern
Australia's workforce is currently owed a staggering $3.6 billion in superannuation guarantee payments, as revealed by the latest estimates from the Australian Taxation Office (ATO). While on the surface, the compliance statistics for employer superannuation guarantee...
Maximising Your Refund: A Deep Dive into Tax Offsets and Benefits
Tax offset is a common term used during tax season. According to the Australian Taxation Office (ATO), a tax offset can directly reduce the tax payable by an individual on their taxable income in a financial year, provided they are eligible for it. In this blog, we...
Navigating the GST Maze: Chobani’s Flip Yoghurt Case
Have you ever wondered why some foods are exempt from GST while others are taxed? A recent Administrative Appeals Tribunal (AAT) encounter sheds light on the intricate balance between GST-free and taxable foods. Origins of the Divide Back in 2000, when the Goods &...
Understanding the Lump Sum Payment in Arrears Tax Offset
Are you wondering about the Lump Sum Payment in Arrears tax offset (LSPIA)? Let's break it down in a way that's easy to understand. What is a Lump Sum Payment In Arrears Tax Offset? If you receive a significant lump sum payment tied to a previous year's earnings,...
Top 5 Key Considerations for Refinancing Your Investment Property Loan
Thinking About Refinancing Your Investment Property Loan? Here's What You Need to Know If you're not thrilled with the interest rate currently attached to your home or investment loan, exploring refinancing for a better deal might be a good idea. But remember that...
SUBSCRIBE
Subscribe to our weekly newsletter Acumen and join our subscribers who receive the latest in taxation, property investing, business and finance news:
SEARCH
You May Also Like
What’s Ahead for 2025?
The past few years have brought plenty of uncertainty, but 2025 offers the hope of greater stability - though there are no guarantees. Here’s a look at the key changes and challenges shaping the year ahead. A Federal Election is Looming Prepare for political...
Say Goodbye to Cheques: What You Need to Know About the Transition
In response to the changing landscape of payments, the government has announced a plan to phase out cheques. The key dates to remember are: cheques will no longer be issued after 30 June 2028 and won’t be accepted after 30 September 2029. The Government is also...
The Top 4 Christmas Tax Questions Answered
As the festive season approaches, many businesses are busy planning celebrations, gifts, and year-end gestures of appreciation. But with the holiday cheer comes the question of how these expenses impact your taxes. To help you navigate the season, we've answered the...
Rental Tips for Property Investors
Six Things To Do Before Renting Out Your Home Are you thinking about moving to a new house but want to hold onto your current property? Turning it into an investment for the short or long-term can be a good option while increasing your cash flow. But before you do,...