by epoch | Sep 7, 2023 | eNews
$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control? “Everyone else got refunds, it’s OK, it’s just a...
by epoch | Aug 15, 2023 | eNews
You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one crucial aspect has been left out; the tax implications. Many small-scale developers often assume that their...
by epoch | Aug 15, 2023 | eNews
What is the end game for your business? Succession is not just a topic for a TV series or billionaire families; it’s about successfully transitioning your business and maximising its capital value for you, the owners. When it comes to the generational...
by epoch | Aug 15, 2023 | eNews
The tax refund many Australians expect has dramatically reduced. We show you why. There is a psychology to tax refunds that successive Governments have been reticent to tamper with. As a nation, Australia relies heavily on personal and corporate income tax, with...
by epoch | Aug 1, 2023 | eNews
If your business sells food and drinks, it’s important to stay on top of what attracts GST and what doesn’t. Did you know the ATO regularly updates a list of foods for which GST applies? You can check out the latest tax office food list here.
by epoch | Jul 5, 2023 | eNews
Employers & business Superannuation guarantee increases to 11% from 10.5% National and Award minimum wage increases take effect. The minimum salary that must be paid to a sponsored employee – the Temporary Skilled Migration Income Threshold –...
by epoch | Jul 5, 2023 | eNews
The 120% skills, training, and technology costs deduction for small and medium businesses have passed Parliament. We’ll show you how to take maximise your deductions. Almost a year after the 2022-23 Federal Budget announcement, the 120% tax deduction for...
by epoch | Jul 5, 2023 | eNews
The digital games and interactive entertainment sector is the most significant creative sector globally and one of the fastest-growing industries worldwide. The global digital games industry is worth around $250 billion and, in Australia, grew 22% between 2020 and...
by Mark Cusack | Jun 8, 2023 | eNews
Tax deductions for topping up super You can make up to $27,500 in concessional contributions each year, assuming your super balance has not reached its limit. Suppose the contributions made by your employer or under a salary sacrifice agreement have not reached this...
by Mark Cusack | Jun 8, 2023 | eNews
Bring forward the purchase of assets If there are large assets your business needs to buy (or upgrade), you have until 30 June 2023 to use the temporary full expensing rules. These rules enable businesses with an aggregated turnover of up to $5bn to fully deduct...
