NEWS & INSIGHTS
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...
Federal Budget 2023-24
Federal Treasurer Dr Jim Chalmers delivered the latest Federal Budget from Parliament House in Canberra on Tuesday 9 May 2023. The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years driven by a surge in the corporate and...
$20k Small business energy incentive
In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000. The Small Business Energy Incentive encourages small and medium businesses with an aggregated turnover of less...
The low and middle-income tax offset changes
More than 10 million middle-income Australians will face one of the largest tax increases in history after the May federal budget, as households deal with rapid increases in interest rates and cost-of-living surges. It is believed that Treasurer Jim Chalmers will not...
Pros and cons of earn-out clauses
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider. Business transactions often include earn-out clauses where the vendors ‘earn’ part of the purchase price based on the...
Company money
When you start up a business, inevitably, it 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? There a myriad...
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