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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.
Imagine what you could do with tax saved? You could:
A recent case, Thomas and Naaz, has brought medical practice service agreements under the microscope.
1. Can I claim deductions on my holiday house?
Don't clean out the garage. Forget that lapsed gym membership. Here are 5 new year's resolutions to keep if you want to stay on top of your tax and super in 2023.
The Government’s ‘Secure Jobs, Better Pay’ legislation passed Parliament on 2 December 2022. We explore the issues.
Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed.
