Smith Feutrill Insights
Financial news, expert tips, insights, and our latest updates.
Why Should Your Business Engage An Adviser?
Feel like your business is stuck in a rut? Are you unable to solve a problem that you know will cost you in the long run? Struggling to navigate your way through a...
LMITO Ending FY23 – Impact to 2023 Tax Returns
Over the past few years, tax payers have enjoyed the benefits of Low income tax offset (LITO) and Low and middle income tax offset (LMITO). However, for the year ended 30...
Changes to Working From Home (WFH) Deductions
From 1 July 2022, the methods for claiming working from home expenses have changed. The 80 cents per hour COVID-19 shortcut method is not available for the 2023 financial...
Your Health Has A Place In Estate Planning: What You Should Consider If You Fall Ill
When estate planning, most people focus on what will happen to their family and their assets after they pass, often neglecting to consider what would happen if they were...
Doing A Final Tax Return For A Deceased Loved One
At the worst time of your life, the last thing you want to think about is tax. However, when a loved one dies, their affairs must be dealt with at some stage. This...
It’s Bigger On The Outside – Faking Business Growth To Grow The Small Business
Making your business seem more significant than it actually is can go a long way in helping you secure larger clients. Appearing larger can help customers feel more...
Superannuation-Related Obligations Employers Need To Keep In Mind
While the hustle and bustle of operating and managing a business can occupy your mind, it’s important not to forget your superannuation obligations to your employees....
The Tax Implications Of The Sharing Economy: What You Need To Know
In Australia, any income earned by a job may be considered taxable income. Those who receive their income via the sharing economy are no exception to the rule. In fact,...
When It Comes To Tax, Is It A Business Or A Hobby?
There are critical differences between having a hobby and running a business, and they mostly have to do with your tax, insurance and legal obligations. Understanding the...