The 2022-23 financial year has ended, and it’s time for Australians to file their tax returns. This past income year brought significant changes that could impact your tax return. Whether you’re preparing it yourself or seeking professional advice, staying informed...
The Australian Tax Office (ATO) is changing how non-charitable not-for-profits (NFPs) report income at the end of each financial year. About 70% of NFPs with an active Australian Business Number currently self-assess their income tax exemption each year. From the...
2023 has seen some of the most significant changes to tax and family trust laws, and with 30 June 2023 approaching, we want to make sure you are aware of how these changes may affect you. Big changes to tax laws and family trust laws in 2023 The last 12 months have...
The 2023 Federal Budget was announced on Tuesday 9 May 2023, with a focus on cost of living relief and modernising our economy. Only a few tax and superannuation changes were announced. However, no mention was made of the previously announced Stage 3 Income Tax cuts...
From energy incentives, payday super, an extension to the instant asset write-off, and halving the increase in quarterly tax, this year’s Federal Budget had some great advantages for small and medium businesses. Every year throughout May, there’s a lot of discussion...
From managing a project and tracking suppliers to pricing jobs and paying staff, as a tradie, you have enough to manage without having to sit through tax time alone. With rules around tax deductions constantly changing, keeping up to date with whether you can claim...
Meet Taylor Chown, who joined the Nexis team as a Bookkeeper in February 2023. Her best bookkeeping advice is, “if you’re unsure about how to record an expense, simply ask! There’s nothing to be afraid of.” We sat down with her to find out more. Who inspires you and...
As a business director or owner, it can be challenging to decide the best direction for your business, whether it’s growth in size or diversification into other markets, downsizing after the turbulent past few years, succession planning for the next generation, or...
Investing in property can be a great way to secure your financial future and grow your wealth. However, with interest rates and the cost of living rising, understanding the potential risks of investing in property can help you make an informed decision. ...
In recent years, many Australians have been looking to invest their money and become financially independent. This has seen an increase in the number of self-managed super funds (SMSF) and investments in cryptocurrencies (crypto) such as Bitcoin or...
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