Blog

Sep 4, 2023
SMSF scheme: residential property purchase
With the never-ending increase in Australian house prices, many desperate home buyers are often turning to other, perhaps unconventional, means to secure housing, one such property scheme currently
Sep 4, 2023
Small business bonus deduction: technology investment
https://youtu.be/D5Qxx_sxzxg?si=082-tZwV0repUkUg Small businesses can access a 20% bonus deduction for eligible expenditure incurred on business expenses and depreciating assets for the purposes of
Sep 4, 2023
Does GST apply to crypto-assets?
As digital currency becomes more common-place in a business context both in terms of trading and using such assets for payment in Australia, one question that commonly arises for those businesses
Sep 4, 2023
Car expenses: using the cents per kilometre method
The cents per kilometre method is a simple way to work out how much you can deduct for car-related work or business expenses. Only individuals, including sole traders, or partnerships (where at least
Sep 4, 2023
ASIC: super trustees need to step up efforts
In recent media releases, ASIC has called on superannuation trustees to step up efforts in the areas of appropriately dealing with members money, and consolidating duplicate member accounts. The
Jul 16, 2023
Budget 2023: What’s In It For Small Businesses?
The 2023 Budget has been handed down by Treasurer Jim Chalmers. In addition to the cost-of-living and welfare measures leaked ahead of the Budget, the government also released new measures relating
Jul 12, 2023
Updated Residency Tests
https://www.youtube.com/watch?v=FxgGqNOPNmM   The ATO has finally released its long-awaited ruling on individual residency which outlines the ATO’s latest views on whether an individual is
Jul 12, 2023
Small Business Lodgement Amnesty Reminder
The ATO has reminded eligible small business taxpayers to take advantage of the lodgment penalty amnesty program announced in the recent 2023-24 Federal Budget. It applies to tax obligations covering
Jul 12, 2023
More ATO Data-Matching This Tax Time
Taxpayers beware, this tax time, the ATO will be using all its data-matching capabilities in multiple areas to ensure that individuals are paying the correct amount of tax. In addition to the
Jul 12, 2023
Minimum Pension Payment Changes
Retirees who draw an account-based pension from their super need to be aware that the 50% reduction in the minimum pension drawdown rate which applied for previous years will no longer apply from 1
Jul 12, 2023
Instant Asset Write Off: Is Your Business Eligible?
https://www.youtube.com/watch?v=w6Q6WDrfXno What is the instant asset write-off?  Eligible businesses can claim an immediate deduction for the business portion of the cost of a depreciating asset
Jul 12, 2023
Employers to pay super at same time as wages
With the 2023 Federal Budget fast approaching, the government has been selectively releasing various measures ahead of time. Two particular announcements set to affect businesses consist of payday
Jul 12, 2023
Budget 2023: What’s in it for me?
https://www.youtube.com/watch?v=3Aa2fK8xc3U&t=5s On Tuesday, 9 May 2023, Treasurer Jim Chalmers handed down the 2023–2024 Federal Budget, his second Budget, which follows the October 2022
Jul 12, 2023
ATO SMSF Focus Areas For 2023
In a recent speech, Justin Micale, ATO Assistant Commissioner of Self Managed Super Funds Risk and Strategy area outlined the risks on ATO’s radar in the SMSF space and provided some insights on
Apr 16, 2023
FBT reminder: electric cars exemption
https://www.youtube.com/watch?v=e6e2BG77uWM For the 2022-23 FBT year (1 April 2022 to 31 March 2023), your business may be able to receive an FBT exemption for certain eligible electric cars and
Apr 16, 2023
Cheaper childcare on the horizon
Families struggling with the current cost of living crisis could soon have some relief with cheaper childcare coming mid-year after the government passed child care subsidy reforms. This was a
Apr 16, 2023
Bramelle Partners joins the IR Global Network
Bramelle Partners has been accepted to the IR Global network which provides Bramelle Partners clients with access to a multi-disciplinary professional services network that provides legal,
Mar 13, 2023
Work from home expenses: new rate
With the expiration of the previous fixed rate method and the shortcut method for calculating the deduction for working from home (WFH) expenses, the ATO has released a draft guideline on the new