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Business Accounting Solutions | Brisbane • Gold Coast • Sunshine Coast

What’s the deal with working from home

What’s the deal with working from home

The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur while working from home. From 1 July 2022 onwards, you can...
Is downsizing worth it?

Is downsizing worth it?

From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has been reduced to 55 from 60, more people can...
Why business strategy matters in 2023

Why business strategy matters in 2023

In a volatile market, keeping to a strategy, or, let’s face it, creating one, can be tough. The downside of not taking time out for your strategy is that you tend to keep a short-term focus at an operational level to try and pick quick wins to generate financial...
The party’s over for family trusts

The party’s over for family trusts

The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goalposts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As a result, many family...