December 2023

Changes for nominating your tax agent

With more security and fraud-related scams targeting vulnerabilities and attempting to commit identity theft and fraud, the ATO has changed the process for how tax agents can access your information.

May 2023

Superannuation – what’s new?

Though most of the changes to superannuation discussed during the Federal Budget had been previously announced, they are still important to keep in mind when planning your superannuation strategy for the year to come. As announced in March 2023, extra tax will need to be paid on the earnings associated…

May 2023

What exactly is a budget surplus?

For the first time in 15 years, the government announced a budget surplus. But what exactly is that? Governments are similar to families and businesses in that they earn and spend money. A surplus is simply where a government earns more money during the year than it spends. A deficit…

May 2023

2023-24 Federal Budget announcements

The Federal Budget was handed down on the 9 May 2023, outlining a number of changes that impact businesses, tax & superannuation. Small Business Instant Asset Write-Off Returns The instant asset write-off will return for the 2022-23 financial year (between 1 July 2023 to 30 June 2024). If you buy…

March 2023

Are you suffering from mortgage stress?

If more than 30% of your pre-tax income is being put towards mortgage payments, you will likely join those suffering from mortgage stress. Almost one-quarter of mortgage holders were at risk of mortgage stress in December 2022, and it’s expected that the number will increase as the year goes on….

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