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The 120% skills and training, and technology costs deduction for small and medium businesses have passed Parliament. We’ll show you how to maximise your deductions.

Employers and business

• Superannuation guarantee increases to 11% from 10.5%
• National and Award minimum wage increases take effect.
• The minimum salary that must be paid to a sponsored employee - the Temporary Skilled Migration Income Threshold -..

It’s that time of year when we all look at what last minute things we can do to maximise tax savings.

Bring forward the purchase of assets

If there are large assets your business needs to buy (or upgrade), you have until 30 June 2023 to use the temporary full expensing rules. These rules enable businesses with an aggregated turnover of up to $5bn..

This year's budget contained a suite of measures to clamp down on tax minimisation. There were also several other policy initiatives regarding security and immigration.

This article summarises the significant changes.

The $4.2bn surplus, the first in 15 years, stole most of the headlines in this year's Federal Budget. However, there is a range of implications of importance for individuals, families and investors. 

This article provides a budget overview to help..

The 'ace in the hole' of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. But there's also a range of changes and implications for business.

This article provides an overview of the budget for business owners and leaders.

When you start a business, it inevitably consumes not just a lot of time but a lot of cash, and much of this is money you have already paid tax on. So, it only seems fair that when the business is up and running, the business can pay you back. Right?

The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update the next day on the important issues to you, your superannuation and your business.

The Fringe Benefits Tax (FBT) year ends on 31 March. We've outlined the hot spots for employers and employees.