Are you or a family member approaching age 60?

Are you or are they considering selling the family home? If you answer ‘yes’ to the above two questions, you may consider taking advantage of making a ‘Downsizer Contribution’ to your superannuation fund. What is the downsizer contribution? The downsizer contribution allows you and your spouse to make an after-tax contribution to your superannuation fund […]

Is your business eligible for new grants and support from the NSW Government?

To access the assistance your business must; Have an aggregated annual turnover of between $75,000 to $50 million for the 2021 financial year, and Experienced a decline in turnover of at least 40% due to Public Health orders or the impact of COVID-19 during the month of January 2022 compared to the same month in […]

Business Owners – Are you considering providing Christmas gifts to your staff?

The key questions that we are asked this time of year are; will the staff gifts be subject to Fringe Benefits Tax (FBT) and will the provision of the gift to the staff member(s) be tax deductible. Fringe Benefit Tax (FBT) With regard to Fringe Benefit Tax, the Australian Taxation Office (A.T.O.) generally look at […]

Do you operate a business? Are you considering gifting your clients Christmas presents?

As business owners, we like to show our appreciation to clients that have shown us loyalty particularly during these disruptive COVID times. Christmas is the perfect time to acknowledge and demonstrate our gratitude. Better still, even though this is a ‘gift’, your business is entitled to a tax deduction where the ‘gift’ is made to […]