Following are some of important tax time tips and actionable.   To claim a deduction for employee superannuation in Tax 2024, this must be paid before 30 June 2024.  Lodge Taxable Payments Annual Reports (TPAR) by 28 August 2024 Arrange year end stocktake. Small Business Skills and Training Boost – extra 20% bonus deduction may

Federal budget was delivered on Tuesday evening, 14 May 2024. Cost relief for business Small businesses with aggregated turnover of less than $10 million will be eligible for the $20,000 instant asset write-off for an additional year. This will enable small businesses to immediately deduct eligible depreciating assets costing less than $20,000 that are first

The Qld government is doubling the First Home Owner Grant, taking the total to $30,000 for eligible first home buyers from Monday, 20 November till 30 June 2025. First Home Owner Grant Eligibility You must be buying or building a new home valued less than $750,000 (including land and any contract variations). You must be

Following are some of important considerations to review and action; Document trust resolutions and dividend declarations before 30 June 2023 Review and finalize Single Touch Payroll (STP) declarations by 14 July 2023 or the relevant closely held payee due date Correct any superannuation guarantee errors by lodging and paying the Superannuation Guarantee Charge (SGC) statement

The Australian and Queensland Governments are taking action to deliver approximately 37,000 Fee Free TAFE and vocational education and training places for Queenslanders in 2023. Eligible Queenslanders are currently able to undertake Fee Free TAFE at TAFE Queensland and CQUniversity. There are a range of certificates and diplomas available, which are aligned to Australian and Queensland Government

There are several tax advantages with super contributions which can be utilized before end of the financial year. Following is the list of Some of tax benefits originate from super contributions in Australia: First and most important thing is, the contribution must reach the fund by 30 June. Otherwise it will be counted into next

Cost-of-living measures, including up to $3bn in energy bill relief (expected to reduce power bills by up to $500 for five million households) and $1.3bn for home energy upgrades. These measures have been designed to provide relief from inflationary pressures. Australia’s economic growth is expected to slow from 3.25% in 2022-23 to 1.5% in 2023-24

Looking for a reliable and experienced Self Managed Super Fund (SMSF) service in and around Browns Plains, Qld to start your own SMSF? Look no further than our expert at Leopard Accounting! We provide a comprehensive range of SMSF services, including setup, audit, and annual administration, tailored to meet your unique needs and requirements. Our

As a company director, under new legislation, you’re now required to obtain a director identification number (director ID). A director ID is a unique identifier that you keep forever. It’s free to apply and you only need to apply once. If you are a company director appointed prior to 1 November 2021, you must obtain

The next round of the Business Basics grants program will open at 9am on Wednesday 4 May 2022. These grants offer $5000 to eligible new or emerging businesses to improve their operations, such as upgrading websites, improving skills or adopting best practice. The Business Basics grants program provides support to businesses to increase core skills and adopt best practice.