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…
Read More
Turning a profit will be high on your list of goals as a business owner. And if you want to generate the best margins, that means keeping an eye on…
Changes to superannuation legislation in July 2020 have adjusted the rules around age limits and the work test, allowing older workers to continue making superannuation contributions. Super Contributions Superannuation guarantee…
Christmas is a great time to acknowledge and reward your employees and other associates by celebrating and giving gifts. But don’t get caught out by entertainment rules! Claiming entertainment and…
Have you considered the powerful tax and superannuation planning opportunities that the small business CGT concessions can offer your business? These concessions allow you to reduce – or in some…
Crowdfunding has fast become the go to place for people in need of large amounts of money quickly, but is the money raised considered to be income and therefore taxable?…
Do you sometimes take work trips for your business – perhaps to conferences, trade shows or to visit interstate clients? When a trip is clearly for business purposes only, the…
Are you paying off a loan for your investment property? Investment property owners should heed the ATO’s warning that it will target mistakes with rental property deductions this tax time….
Did you know that a random audit by the ATO last year revealed nine out of ten rental property owners made a mistake with their rental deductions? In this first…
What are the benefits of having your tax return professionally completed by Scanlon Richardson Financial Group? This is a reasonable question nowadays given that there are a number of online…