Tax
We all want to pay less tax — but what does “Tax Minimisation” really mean?
9 October
It’s no secret: when tax time rolls around, most of us look for ways to reduce how much we owe. But there’s a big difference between smart tax planning and simply trying to avoid tax. The key term to know is tax minimisation — the legal and...[Read More]
Timeline set for easing of student debt burden
8 October
Some three million Australians with a student debt will soon see their balance owed reduced as the tax office prepares to implement a 20 per cent cut. The Australian Tax Office will apply the reprieve from mid-November and anticipates half of...[Read More]
Debt recycling explainer: Turning debt into wealth
2 October
For most people, debt feels like a weight to get rid of as quickly as possible. Paying off the mortgage or other personal debt is often seen as the ultimate financial goal. But there’s a strategy called debt recycling that flips the script:...[Read More]
Creative types say give us a tax break, for art’s sake
24 September
A punter betting on the Miles Franklin literary award gets to enjoy their windfall tax-free, unlike the winning author who pays a significant chunk of their $60,000 prize. The same is true for many prestigious arts awards, such as the $100,000...[Read More]
Keep electric car tax cut, remove pollution instead
17 September
Extending a tax cut for electric cars until 2035 could put another 1.5 million motorists behind the wheel of a low-emissions vehicle and significantly cut transport pollution, a study has found. The government could also fuel the supply of...[Read More]
Top 5 tax minimisation strategies for business owners
11 September
Running a business involves more than just generating revenue—it also means managing your tax obligations effectively. For many business owners, tax is one of the largest ongoing expenses, and without a considered approach, you could be paying far...[Read More]
Handy tax time tips for sole traders. Avoid these common mistakes and get it right this tax time.
10 September
We know small businesses work hard to get their tax and super right, however we understand mistakes can still happen. If you’re a sole trader, you can get ahead this tax time by avoiding these common errors: Not reporting all income – this...[Read More]
Top 5 Reasons to Hire a Bookkeeper – And How to Get the Best from Your Accountant
4 September
Running a business comes with countless moving parts, but one thing is certain: solid financial management is the backbone of success. Many small business owners start by handling their books themselves, only to find the task overwhelming,...[Read More]
Tax perks on super for retirees ‘deserved’: treasurer
27 August
Retirees still deserve concessional treatment on their superannuation, the treasurer says, despite mounting calls for an overhaul of the tax system. Jim Chalmers said fairness for younger generations needed to be considered as part of any change to...[Read More]
3 Helpful tips to grow your superannuation
21 August
Retirement is a period most people eagerly anticipate. It’s that wonderful stage of life when you can finally unwind and spend your time as you please. You can even spend retirement focusing on the businesses you’ve been planning and have put...[Read More]
Tax time: why planning and professional advice matter
21 August
As we move into another financial year, many people view tax as a once-a-year obligation – gather receipts, lodge a return, and move on. But the reality is that effective tax planning is a year-round process, and it can make a significant...[Read More]
EV industry powers down tax talk amid surging sales
20 August
Electric vehicle sales have surged to record highs, but advocates warn it shouldn’t be used as an excuse to impose taxes and cut incentives. Australians bought 29,244 new battery electric vehicles in the three months to June 30, up from 17,901...[Read More]
Plan to lift GST must come with lower income tax burden
13 August
A push to lift the goods and services tax must form part of a broad reform package that reduces the burden on workers, a prominent economist says. The Albanese government’s economic roundtable will be held later in August and has prompted calls...[Read More]
‘Don’t slam brakes on EVs’: sparks fly over fee push
13 August
Motorists could face distance-based fees to drive on Australian roads as part of a proposed tax change expected to be on the menu of Treasurer Jim Chalmers’ economic roundtable. Momentum is building for a road user charge, seen by one federal...[Read More]
‘Not right’: Australia urged to wind back tax breaks
6 August
Australian workers could be locked out of home ownership unless property concessions are reined in, but any reform would require careful manoeuvring from the government. As the federal government seeks ways to reinvigorate the nation’s languishing...[Read More]