by Investment Plus Accounting Group | May 10, 2023 | Federal Budget 2023- 2024, Tax & Accounting
In a response to increasing cost of living pressures, the Labor government’s second budget has put the spotlight on easing the impacts of rising inflation and driving wage growth. It is clear the Government is committed to achieving responsible and targeted relief for...
by Investment Plus Accounting Group | Apr 28, 2023 | Business, Division 7A loans, How To, Small Business, Tax & Accounting
When you start up a business, inevitably, it consumes not only large amounts of your time of but also 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....
by Investment Plus Accounting Group | Apr 28, 2023 | Business, How To, Small Business, Tax & Accounting, Tax Deductions
As the cut-off date for the instant asset write-off program approaches on June 30, 2023, many small to medium-sized enterprises (SMEs) are feeling the pressure to take advantage of the program before it ends. The instant asset write-off (IAW) initiative has been a...
by Investment Plus Accounting Group | Apr 28, 2023 | Airbnb, ATO, How To, Income Tax, Tax & Accounting
Airbnb rentals are becoming a popular choice for many property owners. By matching property owners with potential guests, it’s an alternative accommodation renaissance. As a landlord, you set the price and conditions while guests get a personal touch and...
by Investment Plus Accounting Group | Apr 17, 2023 | Business, Electric Vehicles, How To, Tax & Accounting, Tax Deductions
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. If your employer provides you with the use of a car that is classified as a zero or low emissions vehicle...
