One of the headline items in the 2014 Federal Budget which is now law is the Temporary Budget Repair Levy (i.e. the 2% Debt Levy). This is the tax we get when they don’t want to call it a tax.

There are a number of legitimate strategies that you can adopt prior to 30 June 2014 to reduce this year’s tax bill.

Businesses should now be planning to ensure that documentation is in place to accurately prepare and lodge the FBT return before 31 March 2014.

We look at some important business and wealth strategies that business owners should implement to improve their overall financial health.

Instant asset tax write-off to be reduced from $6500 to $1000 if legislation currently before parliament is made law in the new year.

This article contains a summary of the key domestic and international tax changes announced in the 2013-14 Budget that impact on businesses, individuals and families. Budget Overview 1.1 General The Deputy Prime Minister and Federal Treasurer, Mr Wayne Swan, announced a 2012-2013 budget deficit of $18bn.  In the Budget for 2013-14, announced at 7.30pm on […]


The application of fringe benefits tax (FBT) means that it’s more tax effective to provide staff with non-entertainment gifts (see below) at Christmas rather than hosting a party. 
 â€¨ This article examines some of the most common benefits provided at Christmas and outlines the various income tax, GST and FBT implications. It is assumed that […]


Recent changes to the Director Penalty Notice Regime (DPN Regime) have extended the personal liability of company directors to include unpaid and unreported superannuation guarantee amounts. Traditionally it has only applied to unpaid Pay as You Go (PAYG) withholding tax liabilities. 
This article examines:  â€¨ 1. How the changes will affect directors; 2. How directors […]

This article contains a summary of the key tax changes announced in the 2012 budget that impact on businesses and the various other tax and compliance measures announced over the past 12 months that also impact on all businesses and apply from 1 July 2012.   Federal Budget Tax Changes   (1) Income Tax   […]

In part 1 of this series, we provided an overview of the carbon tax, explained the carbon pricing mechanism and its possible indirect impact on SMEs. This was followed by part 2 which focused on how business can prepare for carbon economy and the opportunities a focus on clean energy solutions may create for businesses […]

In part 1 of this 3 part series we provided an overview of the carbon tax, explained why it is being introduced, linking it to the need to drive down carbon pollution, lessen our impact on the environment, curb excessive resource consumption and improve business efficiency. Furthermore we explored the underpinning mechanisms of the Government’s […]

Within months, Australia will join many other countries in putting a price on carbon. Whether we call this a tax, a levy or simply a contribution to cover the cost of carbon pollution, the name is less important. Basically it’s a pricing mechanism that puts a price tag on every tonne of carbon pollution emitted […]