Posts Tagged ‘tax’
Categories: All, Accounting adjustments, Advice, GST Credit, GST credit claims, JobKeeper, Legacy, News, Super, Tax, Tax Rates, Technology,
GST Credit Adjustments for Business Use
How much GST credit you claim on an expense depends on the extent of business use. If there is a change of business use, you may have to make an adjustment. There are adjustment periods that have to be accounted…
Superannuation Strategies before 30 June 2021
Tax deductible super contributions The concessional contribution cap for the 2020/21 financial year is $25,000 across all your superannuation accounts (if you have more than one superfund). If you contribute more than this, you may need to pay extra tax. Contributing into…
Business Portal retires at the end of July 2021
Did you know that the Business Portal will be retired at the end of July 2021? This service has been your trusted portal for your business needs for over 17 years. The ATO had previously said it would continue to…
Luxury Car Tax Changes
There have been recent changes made to the Luxury Car Tax (LCT) that affect all luxury cars in Australia. LCT is an additional tax and charged at a rate of 33% on top of the cars retail price once it…
Businesses – 2021 Year End Tax Planning Series
As we move towards the end of the 2021 financial year, it is a good idea to start considering what tax planning strategies to put in place now to minimise your tax liability. In this eight-part series, we will outline…
