Blog

Zinc Phosphie rebate for Primary Producers

Friday, 06 August 2021

The zinc phosphide rebate for primary producers is now available through the NSW Rural Assistance Authority. Eligible primary producers can apply for a rebate of 50% for the purchase of zinc phosphide, up to $10,000, to provide financial and cash ...

Read More

How do I claim my work travel?

Melisa WheatleyThursday, 29 July 2021

There is often a lot of confusion around claiming deductions in relation to work related travel and use of your personal motor vehicle. This is largely due to the different ways you can claim these expenses. It is important to note that work relat...

Read More

COVID-19 NSW Government support

Melisa WheatleyThursday, 01 July 2021

What lockdown support is available to business?If your business has been adversely impacted by the recent lockdown in NSW, support is available but there are limitations.   The NSW Government has announced new grants of up to $10,000 for...

Read More

Temporary loss carry back extension

Sam MartelWednesday, 19 May 2021

Date of effect: Losses from the 2019-20, 2020-21, 2021-22 or 2022-23 income years. Companies with an aggregated turnover of less than $5 billion will be able to carry back losses from the 2019-20, 2020-21, 2021-22 and 2022-23 income year...

Read More

Low deposit loans for first home buyers and single parents

Melisa WheatleyTuesday, 18 May 2021

2% deposit home loans for single parentsDate of effect: 1 July 2021. The Government will guarantee 10,000 single parents with dependants to enable them to access a home loan with a deposit as low as 2% under the Family Home Guarantee. Similar...

Read More

Temporary full expensing extension

Melisa WheatleyMonday, 17 May 2021

Date of effect: Assets acquired from 7:30pm AEDT on 6 October 2020 and first used or installed ready for use by 30 June 2023. Businesses with an aggregated turnover of less than $5 billion will be able to continue to fully expense the cost of...

Read More

Tax planning

Sam MartelFriday, 09 April 2021

The 2021 financial year has been a whirlwind. With COVID-19 restrictions easing to almost nothing, businesses have learnt to adapt quickly to change. The new rules for temporary full expensing of assets and the write off of all general asset pools...

Read More

Crypto currency trading

Sam MartelTuesday, 06 April 2021

The ATO are watching the rise in crypto currency trading and have issued a warning to taxpayers that there can be tax consequences. Although the reporting of this type of trading is limited, we have seen an instance where a transaction was caught ...

Read More

Small business fees and charges rebate

Melisa WheatleyWednesday, 31 March 2021

If you are a sole trader, the owner of a small business or a not-for-profit organisation in NSW, you may be eligible for a small business fees and charges rebate of $1500.This rebate helps businesses recover from the impacts of COVID-19 and encour...

Read More

Temporary full expensing provisions

Sam MartelSunday, 28 February 2021

We still feel the “temporary full expensing” provisions are not well known. The ATO website does not make it clear that the previous instant asset write-off threshold of $150,000 is now unlimited.Tax planning is going to be critical this year to m...

Read More