The 120% deduction for skills training and technology costs

It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving marketing emails encouraging us to spend now to access the deduction. The 120% deduction for skills training and technology costs

The effect of rising inflation

This article discusses the effect of rising inflation and its impact on the Australian economy. It includes a list of ways to prepare yourself for a rise in inflation. The effect of rising inflation

ATO ramps up heat on directors

Throughout March, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. ATO ramps up heat on directors

GST misunderstandings

This article looks at a few of the common traps small business operators can fall into when calculating and preparing their BAS returns. GST misunderstandings

Quarterly economic update: January – March 2022

Our latest quarterly update covers the rebounding domestic economy, strong government spending, the war in Ukraine, higher commodity prices and strong employment growth. Quarterly economic update: January – March 2022