While some people enjoy the thrill of the start-up business or creating their own from scratch, others may decide that buying a business is the right avenue for them. Choosing the right business to buy however is one of the most important decisions you might make in your life. Is it in the industry [...]
Have you been thinking about hiring an apprentice for your business? Looking to upskill your employees? Thinking about the ways that you could improve your business’s capabilities? The recent Federal Budget 2022-23 announcements committed support to mitigate the long-standing impacts of the pandemic on businesses and their workforces. If skill shortages, a lack of [...]
Small businesses will be able to deduct an additional 20 per cent of the cost incurred on business expenses and depreciating assets that support their digital adoption. If you have most recently made investments in digital adoption or plan to before end of 22/23 FY, you may be eligible. Key Takeaways Eligible expenditures may [...]
Crypto may seem like just another form of money to you, but to the Australian Taxation Office (ATO), it certainly isn’t. From their point of view, cryptocurrency is just another type of asset that people invest in, just like when they invest in shares. The tax treatment is fundamentally the same. If you buy [...]
New R&D tax incentive changes are likely to boost confidence among businesses to make greater commitments to their innovation activities. The changes include new thresholds and a new way to apply. There are three key areas of change from 1 July: Previously, claimable R&D costs were effectively capped at $100 million. From July 1, [...]