SKL Admin
CGT main residence exemption concessions are very useful
Probably the most overlooked reason for the housing affordability crisis in Australia at the moment is the capital gains tax (CGT)...
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SKL Admin
Jun 115 min read
Stage 3 tax cuts – a tax saving opportunity?
Legislation giving effect to the government’s revised settings for the Stage 3 tax cuts has been passed by both houses of Parliament with...
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SKL Admin
Feb 123 min read
How to reduce your income tax bill using superannuation
Did you know you can reduce your income tax by making a large personal tax-deductible contribution from your take-home pay to your super?...
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SKL Admin
Oct 3, 20232 min read
Work-related car expenses updated
The ATO has just announced that the cents per kilometre rate has increased to 85 cents per kilometre for 2023/24. To recap, there are two...
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SKL Admin
Aug 14, 20232 min read
Major Changes to Victorian State Taxes – Part of The COVID Debt Repayment Plan
The Victorian State Government has introduced new measures as part of the 2023-24 Victorian Budget, which have now received Royal Assent....
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SKL Admin
May 30, 20233 min read
End-of-Financial-Year (EOFY) Strategies
Tax planning is an ongoing process, but it gains particular importance at the end of the financial year. To optimize their tax position...
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SKL Admin
Apr 11, 20232 min read
New Work From Home Record Keeping Requirements
For this financial year and moving forward, there are now only two methods to calculate your work from home claim: Revised fixed rate...
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SKL Admin
Feb 8, 20232 min read
Claiming business losses
You may be able to offset your business loss against other income (such as salary and wages) if you're a sole trader or in a partnership....
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SKL Admin
Dec 14, 20222 min read
Xmas gifts from employers
Christmas is traditionally a time of giving, including employers showing gratitude to their workers for a job well done throughout the...
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SKL Admin
Sep 30, 20222 min read
Super funds post lowest returns since GFC
Superannuation funds have recorded their worst performance since the global financial crisis, with the median balanced superannuation...
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SKL Admin
Aug 23, 20223 min read
On-boarding New Employees
With Australia now opening back up after the COVID restrictions, unemployment is tipped to fall to the lowest rate in just over 50 years...
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SKL Admin
Jun 7, 20226 min read
30 June Tax Planning
As we move towards the end of the 2021/22 financial year, there are a number of year-end income tax planning opportunities that may be...
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SKL Admin
Mar 12, 20223 min read
Your Business Structure
At the start of each year, business owners typically review their affairs, including at times their trading structure. Others may be...
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SKL Admin
Feb 16, 20223 min read
Single Touch Payroll 2: The time has come
In the May 2019 Federal Budget, the Government announced that Single Touch Payroll (STP) would be expanded to include additional...
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SKL Admin
Jan 12, 20222 min read
ATO’s ABN cancellation program continues
You may need to take action to prevent the cancellation of your ABN The ATO has announced that it is continuing to review inactive...
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SKL Admin
Dec 1, 20213 min read
Director Identification Number (DIN)
What is a DIN? A DIN is a unique 15-digit identifier that a director will apply for once and will keep forever. A director can only have...
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SKL Admin
Aug 26, 20212 min read
Trust distributions from a discretionary trust
The purpose of a trust is to separate the legal and beneficial ownership of assets. The legal ownership of the asset rests with the...
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SKL Admin
Jul 18, 20212 min read
When the taxman sends a bill, not a refund
While most people look forward to receiving a tax refund once their return is processed by the ATO, it is also not unheard of to receive...
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SKL Admin
May 26, 20213 min read
EOFY tips for your tax plan
The financial year is almost over, but there are still effective strategies you may be able to put in place. The aim is to make sure you...
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SKL Admin
Apr 14, 20212 min read
New Director Identification Number regime could be just around the corner
The Director Identification Number (DIN) regime may have been lost in many business owners’ peripheral vision, or even dropped off the...
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