Tax

2022-23 Federal Budget Highlights

1 April 2022
Posted by: runningthenumbers
Categories: 2022, Accounting, Income Tax, Tax

The 2022-23 Federal Budget is a safe, ballot box friendly Budget as expected with a focus on cost of living, home ownership and health.

Key Initiatives include fuel excise cuts, the living tax offset and increased deductions for training and digital adoption.

Understanding the Basics of Personal Income Tax

16 March 2022
Posted by: runningthenumbers
Categories: 2022, Accounting, Income Tax, Tax

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Do you understand your personal income tax, what you have to declare, and how much you can claim?

We can help get your taxable income correct, maximise allowable deductions and get the best tax return.

Christmas Parties and Presents – and Tax!

1 December 2021
Posted by: runningthenumbers
Categories: Accounting, Fringe Benefits Tax

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Planning a Christmas party? Giving gifts to clients and suppliers? Paying a Christmas bonus? Talk to us to see if you can claim all or part of the cost as business expenses. Don’t get caught out by tricky entertainment rules!

2021 Year End Tax Tips for Individuals

15 June 2021
Posted by: runningthenumbers
Categories: 2021, Accounting, Tax

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Are you making the most of your allowable tax deductions? Individuals can claim for general work-related expenses as well as occupation-specific expenses and working from home. Book a time now to prepare for your 2020 tax and we’ll help maximise your return.

Tax Tips for small businesses

7 May 2021
Posted by: runningthenumbers
Categories: Accounting, Tax

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Need help with maximising your business deductions? This year it’s important to get your records and tax return correct because of the unusual business circumstances and JobKeeper. We can help make tax time easy.