Last night, the Labor Government handed down their first Federal Budget in a decade. There were wins for families in need of daycare and housing but bad news for many with the cost of living continuing to skyrocket. Read the full summary > Budget 2022-23 2.0
Budgeting
Cryptocurrency won’t be treated as a foreign currency.
Treasury released exposure draft legislation that ensures digital currencies such as Bitcoin are not treated as a foreign currency for income tax purposes. The proposed change is driven by the uncertainty that has arisen following the decision by El Salvador to adopt...
120% deduction for skills training and technology costs.
Spend $100 and get a $120 tax deduction when SMEs invest in skills for their team or technology. This was the proposal outlined in the 2022-23 Federal Budget that has now been adopted by the current Government and released as an exposure draft for consultation....
Spend v Save
Spend v Invest: Tips on how to make the most of your tax refund. With an estimated 85% of Australian Tax Payers expected to receive a return this year, we've compiled a list of handy (ok, we mean, sensible!) ideas on how to use your return wisely. It's not rocket...
Forecasting during a pandemic
How do business owners plan for uncertainty when every assumption is subject to change? Forecasting during a pandemic can be extremely difficult!