NEWS & INSIGHTS
Pink Tiger Day 2023
An incredible $41,000 was raised at the annual Curtin Wesley Football Club Pink Tiger Day 2023, which was held on Saturday 6th May and was proudly sponsored by Shakespeare Financial Group. This year it was the 12th Annual Pink Tiger Day, which has collectively raised...
Home guarantee scheme
From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members” and to those who have not owned a home for at least 10 years. The eligibility criteria for access to the First...
ATO rental property blitz
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. The ATO’s assessment, based on previous data matching programs, is that there is a tax gap of around $1 billion from incorrect...
Company loan to pay down the mortgage
A friend’s accountant suggested that they could reduce interest on a non-deductible debt by using company cash to offset their personal mortgage, and then transferring the cash back by 30 June. Is this an acceptable strategy? This might initially sound like a...
‘OnlyFans’ tax warning
The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences they generate. But now the Tax Office has given notice to the booming industry. In October 2022, OnlyFans CEO Ami Gan announced that...
Benefit from asset finance this EOFY
As the end of the financial year (EOFY) is rapidly approaching, it’s crucial for businesses to review their financial situation and consider opportunities to maximise their tax position. Many businesses are turning to asset finance which can offer benefits including...
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