Blog

Having control over finances is a goal that many people have, particularly those who never seem to get any substantial savings together, no matter how hard they try. Not having a good grip on personal finances can lead to feelings…

There are times when a business may look like it has reached a peak when it comes to making profits. While significant investments and scaling could help a business grow in size and profits, there are a number of other…

Editor: After a marathon few days of extended sittings (the last before the Federal Budget in May), the Government finally managed to get its company tax cuts through the Senate, but it was not without compromise.The following outlines the final…

The ATO has released a Taxation Determination confirming that the costs of traveling to have a tax return prepared by a “recognized tax adviser” are deductible. In particular, a taxpayer can claim a deduction for the cost of managing their…

Prior to this income year, companies that paid tax on their taxable income at 28.5% could still pass on franking credits to their shareholders at a rate of 30%, subject to there being available franking credits. However, with effect from…

Pocket money has long been a tradition in Australia, with kids of all ages receiving money from their parents every week or fortnight. For some, pocket money usually comes with completing various chores, be it doing the dishes or washing…