by smithfeutrill | Mar 27, 2023 | Tax
Your tax file number (TFN) is a critical piece of information in your possession and should be a constant companion throughout your life. However, there are times when a TFN is misplaced or forgotten. What are you supposed to do? If you forget your TFN or lose it,...
by smithfeutrill | Mar 20, 2023 | Business
Starting a partnership may be a high-yielding decision whether you are in the business game or setting your sights on a new business venture. A partnership business structure is an incorporated business with 2-20 owners. The individual owners work together to achieve...
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...
