Business Grants

hellohudson

Business Grants

Business Grants

Are you overlooking potential funding opportunities for your business? If you haven’t explored business grants, you could be missing out on valuable resources. New grants are introduced regularly, making it essential to stay informed for the benefit of your business. Our seasoned Accountant, Hannah, guides us through the workings of Government business grants in Australia […]

The importance of Cash Flow Forecasts

The importance of Cash Flow Forecasts

Running a business often means getting lost in the daily grind, leaving little time to look ahead. Yet, to ensure your organisation thrives in the long run, regularly reviewing performance and updating a cash flow forecast are vital steps. Our Accountant, Lachlan Bull, highlights the breakdown of this crucial process and it’s importance in your […]

Investment Property Data-Matching 

Investment Property Data-Matching 

If you’re a property investor, you can enjoy several advantages, and one significant benefit is the ability to avail tax deductions. However, there has been a growing concern within the tax department regarding individuals who either fail to report their income derived from investment properties or exaggerate their expenses while making claims. To address this […]

23/24 BUDGET SUMMARY

23/24 BUDGET SUMMARY

The 2023-24 Australian Federal Budget, announced on May 10th, 2023, outlines the government’s plan for managing the country’s finances in the upcoming financial year. The budget is centered around a theme of “Building a Stronger Australia,” with a particular focus on supporting economic recovery in the wake of the COVID-19 pandemic. Here are the key […]

ASK MLP: I have inherited a property, if I sell it, do I have to pay CGT?

ASK MLP: I have inherited a property, if I sell it, do I have to pay CGT?

Director Pam Badke takes a closer look at the main residence exemption that excludes your home from capital gains tax and the triggers that reduce or exclude that exemption. Capital gains tax (CGT) applies to gains you have made on the sale of capital assets (assets you make money from). Unless an exemption or reduction […]

Minimise your tax this financial year!

Minimise your tax this financial year!

Director, Katrina Purcell not only uses her defence skills on the hockey field, but she also uses them in accounting to prevent you from paying too much tax. With tax time approaching, Katrina provides some tips on how you can minimise your tax this financial year! After more personalised advice on all things tax planning?  […]

Temporary Full Expensing

Temporary Full Expensing

Pam Badke, Director – explains the Government’s announcement to extend the program until 30 June 2022. The term ‘Instant Asset Write Off’ is old news! It now goes by Temporary Full Expensing. Previously known as the Instant Asset Write Off, the program allows businesses with an aggregated turnover of less than $5 billion to immediately […]

Queensland’s recent changes to construction industries QBCC annual financial report

Queensland’s recent changes to construction industries QBCC annual financial report

Ian Lewis, Director – discussing Queensland’s recent changes to construction industries QBCC annual financial report. Calling all workers in the construction industry! Have you submitted your QBCC Financial Report? The annual report is a quick health check of license to ensure every building contractor who operates in Queensland has a strong business with a sufficient […]