Don’t lend funds from your business to yourself or another shareholder without first understanding how to avoid triggering Division 7A.
Blogs
Instant Asset write off changes in 2023
Changes to the Instant Asset Write Off scheme in Australia are set to take effect in mid-2023. Find out how this may affect your spending decisions.
Should you switch to an EV fleet?
Is making the switch to electric vehicles the right choice for your fleet? With new government incentives, it could save your business money in the long run
How to claim working from home expenses as a small business owner
Do you run your business from home and plan to claim work-from-home expenses in your tax return? This information will help you get organised.
Tax planning tips for EOFY 2023
Start preparing for your 2022/2023 year tax return ahead of the financial year deadline so you can reduce your tax bill.
Mortgage Interest Rate Cliff
Staff wages are rising but so are living expenses. As an Australian business owner, how will this affect you in 2023 and beyond?
Will you have to pay your staff more in 2023?
Staff wages are rising but so are living expenses. As an Australian business owner, how will this affect you in 2023 and beyond?
Tax reform and casual work definitions: what could change in 2023
Australia’s industrial relations laws are under scrutiny and the definition of casual work may change in 2023. Here’s a look at this and other IR news.