Recent News
Cryptocurrency and Tax Time
The ATO has become aware that some taxpayers think that the anonymity of cryptocurrencies provides a licence to ignore their tax obligations, and are therefore not reporting their cryptocurrency capital gains or losses. However the ATO is able to closely track where...
Don’t make these mistakes with your Will and Estate Planning
If you’ve been thinking about making a will please know that it is critical to obtain accurate and correct professional advice. The thought of not being able to provide for your family when you’re no longer here can be difficult for most people to contemplate; if your...
News for Small to Medium Businesses
Important changes to Casual Employment Recent changes to the Fair Work Act now require small business employers (fewer than 15 employees) to provide existing casual employees (employed before 27 March 2021) a copy of the Casual Employment Information Statement (CEIS)...
Read this before buying any block of land
One of the biggest investments you’ll likely make in your lifetime is buying a block of land, so it makes sense to protect yourself and do your due diligence. Don’t always believe what you’re being told, particularly if you’re buying land in a rural setting. Here are...
Domestic Violence Training for Family Court Judges
The Australian Family Law Courts have announced a number of new initiatives to be rolled out across the country, aimed at helping to address the shameful prevalence of family violence in our communities. The Safe & Together Institute from the USA has been engaged...
Important changes for Casual Employment
Are you across the latest changes to the Fair Work Act regarding casual employees? Recent changes to the Fair Work Act now require small business employers (fewer than 15 employees) to provide existing casual employees (employed before 27 March 2021) a copy of the...
Working from home – what am I eligible to claim and how do I claim it?
If you work from home, you’re probably familiar with the streamlined rules for claiming work from home expenses. You might also find it a bit confusing, given there are now three ways to claim your working from home expenses: Shortcut method Fixed rate method Actual...
Tips to be prepared when buying a property
Picture this. You’re in the market for a new home. You’ve been searching realestate.com.au and you have been chatting to Real Estate Agents for the past three months, but nothing has met your ‘dream home’ criteria. Then one day you find it – the perfect home, the...
QBCC Licensing Requirements – clearing up the confusion
In January 2019, the QBCC introduced the new Minimum Financial Requirements (MFR) regulation to help ensure building contractors in Queensland have a strong and financially sustainable business, with an adequate level of working capital. The goal has been to protect...
Small Business Series: Business Structures
I’m wanting to start a business – What’s the best business structure for me? So you’re thinking of starting your own business? Congratulations, this is an exciting step! You probably have a lot of questions running around in your head – what’s the right...
7 tips on managing your cash flow
Helpful tips to manage your business cash flow Surprisingly, cash flow is an often neglected area of business. Not only is cash flow important for the long-term survival of your business, but it will also help to maintain healthy working capital to see you...
Can I invest in a classic car through my SMSF?
A classic or collectable vehicle is classified by the ATO as a ‘collectable or personal use asset’. These also include things like artworks, jewellery, boats and wine. There are restrictions on investing in a classic car through your SMSF and investment in such items...