One of the challenges of operating a business in the building industry in Queensland is keeping up to date with compliance and reporting. If your business income has changed over recent financial years or if you’re about to launch a new construction industry business, you may need to double-check if you are on the right […]

As cost-of-living pressures mount, more than half of Australians are feeling the pressure on their wallets. There’s no denying many faced financial challenges in 2023, from 13 interest rate rises in 15 months to high inflation and a soaring rental crisis. With more of the same being predicted for at least the first half of […]

Businesses can currently claim a tax exemption on work Utes and even Vans, but the ATO is cracking down on their private use. The popularity of many purchasing Utes & Vans has sparked a closer look by the Australian Taxation Office which could cost businesses thousands of dollars a year – and force tradies to […]

Entering retirement means the end of your working days, but it doesn’t necessarily mean the end of your tax responsibilities. In fact, tax matters can become more intricate, depending on the sources of your retirement income. The amount of tax you’ll owe during retirement depends on various factors.  Do you pay tax if you’re on […]

In the world of finance and taxation, the terms “business losses” and “non-commercial losses” are frequently used, but they often cause confusion due to their similarities. Both types of losses can impact an individual’s or a business’s tax liability, but they serve different purposes and are subject to distinct rules and regulations. What are Business […]

Scaling a business is not easy to do, which is why it should be done as thoughtfully and meticulously as possible. Because in the long run, when you do hit that surging growth curve, you need as solid of a foundation as possible to hold you up.  Our Director and business expert Ian Lewis takes […]

Inflation. You’ve definitely heard about it, but do you know what causes it? Moore Lewis & Partners Director Pam Badke gives us the rundown on what inflation is, and how we got here. WHAT IS CAUSING INFLATION? The term inflation refers to prices rising over time. In Australia, inflation has risen to 7.8%  – which […]

As recent events have revealed in Australia (We’re looking at you Optus and Medibank), no matter what kind of business you operate and no matter how much revenue you generate, everyone is at risk of a cyber-attack. Unfortunately, cyber-attacks are on the rise. In the 2019-2020 financial year, the Australian Cyber Security Office estimated that […]

The Albanese government has unveiled its first budget. So, How does the new budget affect you? Australians earning between $45,000 and $200,000 Debate over the contentious stage three tax cuts package dominated headlines earlier in October after speculation arose over whether they would be scrapped or pared back. But the policy has been spared the […]

Last financial year, 167,646 businesses in Australia were created, an increase of 7 per cent on the previous year. Of those businesses, more than 80 per cent were non-employing businesses or sole traders — many of them were Australians monetising a hobby. As the economy gets tougher, more and more people are exploring hobbies and […]