Trust Tax Planning 2023   Annual Distribution Resolutions or Minutes of Meeting Trustee resolutions and minutes of meeting regarding the annual distribution of trust income must be documented prior to 30 June each financial year or, if the trust deed...

Family and Domestic Violence Leave   Family and Domestic Violence LeaveSummaryFrom 1 Feb 2023, full time, part time and casual employees are entitled to 10 days paid family and domestic violence leave in a 12month period.This new entitlement replaces existing entitlement to...

NSW Toll Relief Rebate Scheme   NSW Toll Relief RebateSummary Commencing 1 July 2022, eligible motorist who spend >$375 a year on tolls can claim a 40% rebate:·       Once per quarter·       up to $750 for the financial year·       up to...

2022–23 Labor Federal Budget Highlights   Businesses • Electric vehicles under the luxury car tax threshold will be exempt from fringe benefits tax and import tariffs. • A number of Victorian and ACT based business grants relating to the COVID-19...

Trust Tax Planning 2022   Annual Distribution Resolutions or Minutes of Meeting Trustee resolutions and minutes of meeting regarding the annual distribution of trust income must be documented prior to 30 June each financial year or, if the trust deed...

Federal Budget 2022/23 - Individuals, Business & Super - Most Relevant Items   We have taken out the relevant components the Federal Budget 2022/23 and summarised in a concise format avoiding all the unnecessary noise found in other newsletter subscriptions....

NSW and Federal Government Covid-19 Updates   NSW Government:COVID-19 Business GrantBusinesses30% Decline in turnover50% Decline in turnover70% Decline in turnoverFinancial Grant$7,500 (Tier 1)$10,500 (Tier 2)$15,000 (Tier 3)Requirements: Active ABN registered in NSW, OR physically located and primarily operating in NSW...

Trust Tax Planning 2021   Annual Distribution Resolutions or Minutes of Meeting Trustee resolutions and minutes of meeting regarding the annual distribution of trust income must be documented prior to 30 June each financial year or, if the trust deed...

SMSF Tax Planning 2021   Minimum Pension Amounts If you are a member of a self-managed super fund (SMSF) and have a pension in place during the financial year, ensure that the minimum pension that you are required to receive...

Employer Tax Planning 2021   Staff Bonuses/Director Fees These expenses may be tax deductible prior to payment, as long as you are committed to paying these amounts. You will need to quantify the amounts, inform the staff and keep evidence...