31/10/2022

THE UPDATED FEDERAL BUDGET 2022–23The Treasurer, the Hon Dr Jim Chalmers MP, handed down his (and the Albanese Government’s) firstBudget on 25 October 2022.There were few tax measures in the Budget. What measures there were mostly affect multinationals.You can read about the tax measures further…

23/8/2022

If you’re just starting in the workforce, it pays to learn about superannuation and how you can make the most of it. Retirement may seem a long way off, but the sooner you start planning for it, the better off you will be! Many people…

16/8/2022

Keeping your business operational is a full-time job. It’s a balancing act that requires you to keep a multitude of plates spinning, while your executive team and employees support you at every stage of the operational journey. But what happens if these plates stop spinning?…

9/8/2022

To understand the financial position of a business at a specific point in time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the…

8/8/2022

Using public WiFi in cafes, hotels and coffee shops is something we all do. It’s convenient and gives you the benefits of working online wherever you happen to be. But are you aware of the data security issues of working from a public network? In…

3/8/2022

A little goes a long way with compound earnings. The earlier in your working life you start paying attention to your super, the better off you will be at retirement. However, it’s never too late to take an interest in your super fund’s performance and…

21/6/2022

The ATO have announced that there will be four focus areas on their radar during Tax Time 2022 – record-keeping, work-related expenses, rental property income and deductions, and capital gains from crypto assets. It is reminding taxpayers that there are three golden rules when claiming…

15/6/2022

Over the past couple of months PrincipleFocus has completed tax planning for many of our clients – a process of determining an approximate net income position and then helping our clients with strategies to optimise their tax position and develop a plan to achieve this…

6/6/2022

Our TaxWise Business Newsletter is now available.  Topics include: • A new government - tax changes? • Year-end tax tips • What concerns the ATO? • FBT Issues •Scams and crimes • Key tax dates PrincipleFocus-TaxWise-Business-News-June-2022Download

6/4/2022

Our TaxWise Budget newsletter is now available.  PrincipleFocus-TaxWise-Federal-Budget-2022-23Download