by smithfeutrill | Mar 13, 2023 | Tax
With a new norm surrounding how Australians work (hybrid, remote or office-based), there has been a change in how work-related expenses will be claimed this year during tax season. Where once the expenses and claims that needed to be made during tax return season...
by smithfeutrill | Mar 6, 2023 | Super
Last week, the government announced a change to superannuation, introducing a new tax that will apply to member balances above $3 million. From July 1, 2025, super earnings over $3 million will be taxed at 30 per cent, double the current rate of 15 per cent. According...
by smithfeutrill | Mar 1, 2023 | Business
The record keeping requirements and methods for calculating working from home deductions has changed for the 2022–23 income year onwards. From the 2022–23 income year, the methods available to calculate working from home deductions are the: revised fixed rate method...
by smithfeutrill | Feb 27, 2023 | Business
Creating a business is not an easy avenue to explore. It requires commitment, frequent planning, substantial financing and good business sense. However, not only do you have to think about the beginning of your new venture, but you also have to think about the...
by smithfeutrill | Feb 20, 2023 | Super
No matter the kind of super fund you opt for, or how it has been performing, you will be subject to super fees. Understanding how these fees work and the difference they can make to your nest egg is vital. When it comes to super fund fees, there are two factors you...
