by Mark Cusack | May 11, 2022 | eNews
It’s a great headline, isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving marketing emails...
by Mark Cusack | May 11, 2022 | eNews
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...
by Mark Cusack | May 10, 2022 | eNews
Throughout March, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. These letters are a warning shot and...
by Mark Cusack | Mar 30, 2022 | eNews
$120 deduction for every $100 spent on technology From7:30pm AEDT, 29 March 2022 until 30 June 2023 The Government intends to provide a 120% tax deduction for expenditure incurred by small businesses on business expenses and depreciating assets that support their...
by Mark Cusack | Mar 30, 2022 | eNews
Reduction in minimum superannuation drawdown rates extended again The temporary 50% reduction in superannuation minimum drawdown requirements for account-based pensions and similar products has been extended to 30 June 2023. Minimum superannuation drawdown rates...
