Blogs

Filter
The 2 Ways To Treat Business Purchases
The 2 Ways To Treat Business Purchases
When we look at purchasing things in our business, there's kind of two ways to treat them:
More
What Should You Track In A Logbook After Buying A Car?
What Should You Track In A Logbook After Buying A Car?
My recommendation is you use some sort of app to track your logbook for ATO reporting purposes. Inspire’s app - which can be found on the app store (link in the bio) actually has a log book feature that can also track GPS and do kilometre tracking...
More
Tax Tip: Work Your Family Trust
Tax Tip: Work Your Family Trust
More
Federal Budget: Key Details About Downsizer Contribution
Federal Budget: Key Details About Downsizer Contribution
One of the announcements in the most recent federal budget was the downsizer contribution. For context, let's say you've got parents whose kids have left the nest, they don't need the five-bedroom house anymore - they want to get into maybe a two or...
More
Tax Tip: Pay Employee Super Early
Tax Tip: Pay Employee Super Early
If you hire employees and pay super for them, or even yourself - you might even have yourself paying wages to yourself, and therefore superannuation on that - then you've got to pay super.
More
Federal Budget: Low To Middle Income Tax Offset Extended
Federal Budget: Low To Middle Income Tax Offset Extended
LMITO stands for Low to Middle Income Tax Offset. You might've heard of this last year - It was supposed to end on 30th of June 2021. So essentially, if you're a low to middle income earner, you can get a maximum of $1,080 off that tax offset. Tax...
More
Tax Tip: Salaries Paid To Business Owners
Tax Tip: Salaries Paid To Business Owners
Salaries paid to business owners is actually a really common thing we see done, which is totally fine. When you run a company or a trust, one of the ways to get money out of either of those structures is to actually pay a salary to the business...
More
Federal Budget: Can A Couple Sell Their 10+ Year Home Into Their SMSF?
Federal Budget: Can A Couple Sell Their 10+ Year Home Into Their SMSF?
"Can a couple sell their 10-year-plus home into their SMSF?" So the answer to that is: I wish we could, but you can only transfer assets that you own outside of super into an SMSF if they're market-listed shares or commercial real property. So...
More
Federal Budget: The Extension of the Company Loss Carry Back
Federal Budget: The Extension of the Company Loss Carry Back
During the federal budget broadcast, the government announced an extension of one of the stimulus measures which was mentioned about a year ago, which is the company loss carry back. Just as a reminder for what this one is - if you use a company...
More
Get Your Approval & Order Your Assets NOW
Get Your Approval & Order Your Assets NOW
What we're seeing at the moment is times are increasing with our lenders. There's an issue due to COVID, where the financiers sent home all the staff. So where staff were typically in the office all day long working together, they're now working...
More