Smith Feutrill Insights
Financial news, expert tips, insights, and our latest updates.
Claiming Motor Vehicle Expenses In The New Financial Year
Making the most of available tax deductions for your business can be an important aspect of starting the new financial year. It’s why planning and strategising with your...
Turning Business Ideas into Reality: A Practical Guide
Every successful business starts with a simple idea. The journey from concept to a thriving enterprise, however, is fraught with challenges. For aspiring entrepreneurs,...
Understanding Charitable Donations Deductions
Charitable donations are a wonderful way to support causes you care about while also potentially reducing your tax burden. Understanding how to properly claim these...
Ensuring Income Tax Exemption: Key Points for Not-for-profit Sporting Organisations
Starting from the 2023-24 income year, not-for-profit (NFP) organisations, including sporting clubs, societies, and associations with an active Australian Business Number...
Common EOFY Mistakes Made That Can Be Fixed Before 30 June
Finding yourself increasingly more busy as the EOFY approaches, particularly with meeting your tax obligations? It’s coming on tax time, so it’s time to ensure you’re...
Tax Changes
The Australian Government has made changes to individual income tax rates and thresholds. This will apply to all taxable income you earn from 1 July 2024. The changes...
Meeting Your Business’s Tax Obligations At The EOFY
As the End of the Financial Year (EOFY) approaches in Australia, businesses must gear up to meet their tax obligations efficiently and accurately. This period can be...
SGC to increase to 11.5% from 1 July 2024
On 1 July 2024, the super guarantee (SG) rate will increase from 11% to 11.5%. Some pay periods will cross over between June and July when the rate changes. The ATO...
Understanding The Superannuation Clearing House
As the End of the Financial Year (EOFY) approaches, employers and self-employed individuals must ensure their superannuation contributions are processed efficiently and...