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Business Accounting Solutions | Brisbane • Gold Coast • Sunshine Coast

To cut or not to cut? Stage three personal tax cuts.

To cut or not to cut? Stage three personal tax cuts.

In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including reducing the top personal income tax rate that applies to those earning more than £150,000 from 45% to 40%. Just ten days later, following...
120% deduction for skills training and technology costs

120% deduction for skills training and technology costs

The Government has reinvigorated the 120% skills training and technology costs deduction for small and medium businesses. Before the federal election, the 2022-23 Budget proposed a 120% tax deduction for expenditure by small and medium businesses on technology or...
How to sell your business

How to sell your business

I’m often asked the best way to sell a business. There are two key components at play in the sale of a business: structuring the transaction and positioning the business to the market. Both elements are critical and can significantly impact your result. ...
Register your .au domain

Register your .au domain

23:59 UTC on 20 September 2022 is the cut-off time and date to register for your .au web address. The new .au domain is a general-purpose, shorter Australian domain name option. If you do not register the .au equivalent of your existing domain, you risk someone else...
Can I claim my crypto losses?

Can I claim my crypto losses?

The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that gains and losses from crypto are only reported in your tax return when you dispose of it – you sell it, convert it to...