by Peter Ristevski | Jul 2, 2024 | Economic Outlook, Small Business, Tax & Accounting, Tax Planning, Tax Tips
As you may know (especially after a $40 million public education campaign), personal income tax cuts took effect on 1 July 2024. Simultaneously, the superannuation guarantee (SG) rate increased by 0.5% to 11.5%. For employers, it’s crucial to ensure your payroll...
by Peter Ristevski | Jun 6, 2024 | EOFY, Tax & Accounting, Tax Deductions, Tax Planning, Tax Tips
The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions. OPPORTUNITIES Take Advantage of 1 July 2024 Tax Cuts: Maximize the benefit of the upcoming tax cuts by...
by Peter Ristevski | Jun 6, 2024 | EOFY, Tax & Accounting, Tax Deductions, Tax Planning, Tax Tips
The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions. OPPORTUNITIES Bonus Deductions Small businesses can take advantage of several bonus deductions in 2023-24,...
by Peter Ristevski | May 27, 2024 | ATO, Investment Property, Property Tax, Tax & Accounting, Tax Deductions
As part of its ongoing efforts to ensure compliance and fairness within the tax system, the Australian Taxation Office (ATO) has announced its 2024 targets for rental property owners. This initiative aims to address common issues related to rental income reporting and...
by Peter Ristevski | May 27, 2024 | ATO, Peter Ristevski, Tax & Accounting, Tax Deductions, Tax Planning
As the end of the financial year approaches, Australians are looking for effective strategies to cut their tax bills. With the deadline looming on June 30th, it’s essential to act swiftly and strategically. Here are some last-minute tips to help you save on your tax...
