Articles

Announced as part of the 2024–2025 Budget, and now legislated, the $20,000 instant asset write-off limit has been extended for a further 12 months …

The December 2024 Consumer Price Index (CPI) number has been released, confirming that the superannuation general transfer balance cap will increase …

Check off everything you need for your tax return EOFY is a crucial time for businesses – and a busy one. Not only do you need to carry out the usual …

Choosing the right investment option for your superannuation is important for your retirement savings. It’s essential to understand the different …

As a small business owner, you know how important it is to get your GST right. If you’ve realised you’ve incorrectly charged GST on a sale, don’t …

Hoping to claim tax deductions on your vacant land? You need to meet a number of strict conditions to claim for costs such as interest payments on …

For legacy lifetime, life expectancy and market-linked superannuation income stream products that generally commenced prior to 20 September 2007, …

Australia’s super system plays a vital role in ensuring financial security for individuals in retirement. However, how superannuation is taxed can …

The ATO-led Serious Financial Crime Taskforce (SFCT) has issued a warning to businesses against trying to cheat the tax and super system by committing …

As digital payments become increasingly prevalent, the Federal Government has announced it’s taking significant steps to modernise the nation’s …

Facing a tax bill is a common challenge for many Australian businesses, and the ATO has recently shifted to a more active approach to debt recovery. …

Superannuation is designed to provide for your retirement, but there are limited circumstances where you can access your super early on compassionate …

If you’re thinking of making a permanent move between New Zealand and Australia, what do you do about your superannuation fund or KiwiSaver scheme? …

As retirement approaches, couples often discover a significant imbalance in their superannuation accounts. This disparity can become crucial when …

In March 2024, the government announced its intention to commence paying superannuation on government paid parental leave (PPL) payments from 1 July …

Navigating the Australian tax system can be challenging, especially when it comes to understanding the Medicare levy and the Medicare levy surcharge. …

If you’ve spotted what looks like an amazing investment opportunity from Bunnings recently, beware! The Australian Securities and Investments …

If you’re one of the millions of Australians with a Higher Education Loan Program (HELP) debt, you might be wondering how the government’s …

If you’re one of the millions of Australians who use buy now pay later (BNPL) services, important changes are coming that will give you stronger …

Understanding the ATO’s focus areas for 2025 is essential to ensuring your business remains compliant and successful. The ATO has outlined …

As Australia experiences another summer of unpredictable weather patterns, it’s essential to be prepared for the unexpected – natural disasters …

The ATO has announced or extended a number of data-matching programs recently, including the lifestyle asset data-matching program. Data will be …

Now is a great time to make sure your business is ready to meet upcoming business activity statement (BAS) due dates. The BAS applies if you run a …

If you own a holiday home you might rent it out at times when you’re not using it yourself. Remember, you should seek professional advice if you have …

As one of Toowoomba’s leading accounting firms, Horizon Accounting has built its reputation on lasting client relationships. Now powered by MYOB …

From 1 July 2024, the rules for accessing superannuation became somewhat simplified: the preservation age when you can begin to access your benefits …

In welcome news for first home buyers, the government has made changes to the operation of the First Home Super Saver Scheme (FHSSS) to improve its …

As part of the 2023–2024 Federal Budget, the government proposed a “payday super” reform. A newly released government fact sheet sets out some key …

Once the end of financial year workload abates and payroll staff have time to have a closer look at what occurred in the previous income year, it’s …

Many retirees find themselves cash-poor but asset-rich. For those living on larger properties, subdividing and selling unused land can be a potential …