Tax Compliance & Accounting

Your business may qualify: Criteria expanded for Victoria’s $10,000 business support grants

Your business may qualify: Criteria expanded for Victoria’s $10,000 business support grants

The Victorian government has expanded the entry criteria for its $10,000 business support fund grants in a bid to assist more businesses.

Everything you need to know about new tax incentives for early stage investors

JobKeeper payment scheme: what you need to do and required deadlines

Here's a guide to the JobKeeper payment scheme, including what you need to do, who needs to action it, and the deadlines you need to meet.

What the JobKeeper payment scheme means for businesses

What the JobKeeper payment scheme means for businesses

The Australian Government has announced the JobKeeper payment scheme which will keep about 6 million...
Victorian economic survival package to help businesses and employees

Victorian economic survival package to help businesses and employees

A state government $1.7 billion economic survival package will help businesses and people who have lost their jobs amid the coronavirus outbreak.

Tax registrations for healthcare professionals

Tax registrations for healthcare professionals

When you’re setting up your business in the medical industry, there are various registrations to consider...
The difference between contractors and employees

The difference between contractors and employees

With the rise of the gig economy, Australia is seeing a significant proportion of the workforce take...
CGT main residence exemption eliminated for expats

CGT main residence exemption eliminated for expats

In a blow to Australian expats around the world, a new law denying the main residence exemption to Australians...
From employee to sole trader: Cash flow impact from different tax timing

From employee to sole trader: Cash flow impact from different tax timing

When making the move from a Pay As You Go (PAYG) employee to a sole trader, understanding and navigating...
From employee to sole trader: Non-commercial loss rules

From employee to sole trader: Non-commercial loss rules

People shifting from a Pay As You Go (PAYG) employee to a sole trader are often confused about how to...
Are work vehicles exempt from Fringe Benefits Tax (FBT)?

Are work vehicles exempt from Fringe Benefits Tax (FBT)?

Tradespeople often receive a ute, van or other vehicle as an employee benefit, however this can attract...
Proposed reforms to Division 7A and how it may impact you

Proposed reforms to Division 7A and how it may impact you

Companies are a commonly used entity by businesses and family groups for asset protection, the availability...
Why you may not get the full $1,080 from the low and middle income tax offset

Why you may not get the full $1,080 from the low and middle income tax offset

Many Australians will lower their tax bill for the last financial year with the low and middle income...
A beginner’s guide to tax on cryptocurrency in Australia

A beginner’s guide to tax on cryptocurrency in Australia

Cryptocurrency has become a popular alternative investment for many, yet investors who have sold the...
Tax for medical professionals: Personal Services Income (PSI) and service entity arrangements

Tax for medical professionals: Personal Services Income (PSI) and service entity arrangements

The tax implications of Personal Services Income and service entity arrangements can have a big impact...
MyGov users warned about getting tax bill when lodging tax return

MyGov users warned about getting tax bill when lodging tax return

Taxpayers are urged to take caution after several people have been stung with tax bills after accidentally...