News and advice
Catch up on all the latest news and advice from HMW Group.
April 2022
2022 Federal Budget Update
The Government is introducing a technology investment boost to support digital adoption by small businesses. The boost will apply to eligible expenditures incurred from 7:30pm (AEDT) on 29 March 2022 until 30 June 2023.
November 2021
Director Identification Number Applications Now Open
Australian Business Registry Services is now accepting applications for Director Identification Numbers (DIN), with the fastest way to apply being online at the ABRS website with a myGovID.
August 2021
What to avoid doing when making a car-related tax deduction on your return
Claiming car-related expenses as tax deductions might seem like the easiest way to get a larger return – but it’s also one of the most carefully monitored. Here are a few tips on what you need to watch out for when claiming car-related deductions.
August 2021
Tax Consequences of Cryptocurrency
Crypto may seem like just another form of money to you, but to the Australian Taxation Office (ATO), it certainly isn’t.
August 2021
An Introduction to Electronic Signing
The ability to electronically sign various documents has never been more important than it is in the midst of a pandemic.
June 2021
Important Superannuation Guarantee Changes
On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025.
May 2021
JobKeeper Overpayments
The government will provide participating lenders with a guarantee for 80% of secured or unsecured loans of up to $5 million for a term of up to 10 years.
May 2021
Continuing the SME Recovery Loan Scheme
The government will provide participating lenders with a guarantee for 80% of secured or unsecured loans of up to $5 million for a term of up to 10 years.
May 2021
The Federal Budget – Superannuation Changes
From the Federal Budget there have been many changes to superannuation and SMSFs. Most of these changes are positive if you are someone who puts money into super.
May 2021
Federal Budget – Tax Measures
With there being so many changes to tax as presented in the Federal Budget, this is a concise summary of those that may have the biggest impact or relevance to our clients:
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