If you own a holiday home in Australia, you may be eligible for tax deductions. Holiday homes can be a great source of income, but they also come with their own set of expenses. Knowing what you can and cannot claim as tax deductions is crucial to maximizing your return on investment. Read more here.
The Fair Work Commission (FWC) announced the Annual Wage Review 2022-23 on 2 June, 2023 which increased the minimum wage and Modern Award rates by 5.75%. Read more about what the new Modern Award rates and the Wage Increase mean to you as an employer
If you are a small business, now is the time to invest in your business training and technology, with your spending on eligible expenditures likely to secure you an additional 20% tax deduction.
With the end of financial year fast approaching, now is a good time to think about opportunities and risks that should be addressed before 30 June 2022.
To help you with this, we have included some of the key issues that clients should be thinking about pre year end. If you would like to discuss any of these, or other things that are on your radar, don’t hesitate to contact your Hall Chadwick team.
Read our 2022 Year End Planning guide here.