Tax

TaxWise Individual News – April 2021

Our latest TaxWise Individual newsletter is now available. COVID-19 measures: How you might be affected, Stimulus vouchers: How to report this in your tax, Investment incentives: What’s changed? Do you use trading stock for private purposes, vehicle registrations: data-matching, the fight against tax crime, PAYG instalments Download your copy now. PrincipleFocus-TaxWise®-News-Individual-April-2021-1-1Download

Read More

TaxWise Business News – April 2021

Our latest TaxWise Business newsletter is now available. Topics COVID-19 measures: How you might be affected, Keeper, JobMaker, Use of trading stock for private purposes, working from home or running a business from home? Knowing what you can deduct, ATO updates, small business tax offset, insolvency reforms & key tax dates. Download your copy now.…

Read More

Can your business claim the loss carry back tax offset?

As part of the Federal Budget 2020-21, the government announced a loss carry back measure to encourage new investment and work with the temporary asset expensing measures also announced at the budget. The new law started on 1 January 2021. Eligible corporate entities that previously had an income tax liability in a relevant year, and…

Read More

NSW Budget 2020-21

The NSW budget champions a business-led recovery, supporting businesses to grow, invest and create jobs in their local communities.  Highlights for Business Payroll tax thresholds and cuts:  The payroll tax threshold will be increased to $1.2 million with the rate of payroll tax lowered from 5.45 to 4.85 per cent for the next two years.…

Read More

The best ways to structure and pass on your wealth

AFR - Wednesday, 4 Nov 2020 - Page 24 There’s been a lot of talk in recent years about the ‘‘ SKI’ ’ phenomenon (spending the kids’ inheritance) but there are many Australians who want to help their children financially – either now or in the future – passing on the wealth they built in…

Read More

Taxwise Business News – November 2020

Our latest TaxWise Business newsletter is now available. Topics covered include; Budget measures now law, JobKeeper updates, what has the ATO been up to? tax tips, ABN details, business structures, superannuation and key tax dates. PrincipleFocus-TaxWise-Business-News-November-2020Download

Read More

Budget 2020

We were quietly hoping for something really ground-breaking with this year's budget. Given all that has happened this year the government were in a strong position to deliver some (desperately needed) tax reform and provide some vision for a better Australia.  As Churchill stated: “Never let a good crisis go to waste”. This budget has…

Read More

Tax Time Toolkit – Small Business

This toolkit prepared by the ATO includes a helpful directory of links to help small businesses find information, tools, calculators and services to help them at tax time and throughout the year, as well as several fact sheets for small businesses. This includes information on home-based business expenses, motor vehicle expenses, travel expenses and using…

Read More

TaxWise Business News – September 2020

Our latest TaxWise Business newsletter is now available. Topics covered include; Changes to JobKeeper, Cash flow boost changes, Superannuation guarantee amnesty expires soon, Tax changes, Scammers and Key tax dates. PrincipleFocus TaxWise Business Newsletter - September 2020Download

Read More

TaxWise Individual News – September 2020

Our latest TaxWise newsletter is now available. Topics covered include; JobKeeper updates, Cash flow boost changes, COVID-19 early release of Superannuation, Income Tax Returns, Scammers and Key tax dates. PrincipleFocus TaxWise Individual News - September 2020Download

Read More