Ben Walker

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Tax Tip: Ensure Family Members Are In The Same Tax Bracket
Tax Tip: Ensure Family Members Are In The Same Tax Bracket
This tax tip actually assumes that you're using a trust, a discretionary trust maybe, or a company that might be owned by a trust to be able to distribute some dividends around and be able to have the flexibility to distribute to different family...
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Federal Budget: This Superannuation Change Is Pretty Amazing
Federal Budget: This Superannuation Change Is Pretty Amazing
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Federal Budget: Super Limits Are Changing
Federal Budget: Super Limits Are Changing
This was announced before the Federal Budget. Essentially, there's some exciting news about super contribution limits. Prior to 1st of July, 2021 (this finance year we're in), you can contribute $25,000 maximum concessional contribution, which is...
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Tax Tip: Establish An SMSF
Tax Tip: Establish An SMSF
This tax tip is about establishing a SMSF, or self-managed super fund. I'm not going to give you advice whether you should do this from a personal perspective, but I’ll just outline some tax saving tips that you can actually do if you have a...
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Tax Tip: Prepaying Expenses
Tax Tip: Prepaying Expenses
As a small business in Australia, there's a special rule around prepayment of expenses - what you're able to do is claim up to 12 months' worth of prepayments.
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What's A Good Rainy Day Number To Have?
What's A Good Rainy Day Number To Have?
In terms of setting your businesses Rainy Day Number - anything is better than nothing. But if I was to give any business a target, it is three months worth of expenses to run your business. That means that if you couldn't sell anything for three...
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Tax Tip: Repairs And Maintenance
Tax Tip: Repairs And Maintenance
When you're running a business, sometimes things break or need repair, and you have to go and fix the printer, or a piece of machinery that might be busted in the warehouse - what this tax tip suggests is that if you need some repairs or maintenance...
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We Want To Save Our Clients $2.1 Million In Tax In 2021
We Want To Save Our Clients $2.1 Million In Tax In 2021
We want to save our clients $2.1 million in tax in 2021, which is a massive goal for our team! Interestingly enough, we've already hit $769,000 out of that target (as at 4 May 2021) - so just over 36% which I'm blown away with. We've still got more...
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Tax Tip: Update Your Trust Deed
Tax Tip: Update Your Trust Deed
This tax tip will be relevant for you if you've got a family trust or a discretionary trust, and it runs a business or receives investment income, and you use that to distribute to family members or entities in your family group.
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2021 Tax Rates For Individuals Vs. Companies
2021 Tax Rates For Individuals Vs. Companies
As an individual, the tax rates have actually changed from 2021 Financial Year versus the year beforehand. But with individuals, the more money that you earn, the more tax you pay as a percent. Here’s the income threshold breakdown for individuals:
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