TaxWise Budget New – November 2022
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 the the newsletter. TaxWise_Business_Budget_Nov2022Download
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ATO Tax time priorities
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 a deduction: You must have spent the money yourself and…
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End of Financial Year Tips
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 outcome. This can include a mixture of utilising the Primary…
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TaxWise Business News – June 2022
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
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TaxWise Federal Budget – April 2022
6/4/2022
Our TaxWise Budget newsletter is now available. PrincipleFocus-TaxWise-Federal-Budget-2022-23Download
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TaxWise News – November 2021
23/2/2022
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Economic stimulus measures – Interaction of tax depreciation incentives
17/11/2021
In 2020 the government introduced measures to help businesses recover from the impacts of the coronavirus pandemic (COVID-19). Eligible business entities may want to know which tax depreciation incentive is right for them. This ATO detailed document explains the depreciation incentives that are available and when businesses could consider using them. Interaction_of_tax_depreciation_incentivesDownload
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TaxWise News – September 2021
21/9/2021
Our latest TaxWise Business newsletter is now available. Topics include; • Summary of State and Territory 2021 COVID-19 financial support measures available to businesses • Do you need to pay tax on COVID-19 financial support payments that you receive? • It’s tax time again! • What were some of the more significant 2020–21 tax changes for…
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