Monthly Archives: September 2022

120% Deduction for Skills Training and Technology Costs

As part of the 2022–23 Financial plan, the then Government announced a 120% tax deduction for expenditure by small and medium businesses on technology, or skills and training for...

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QBCC now require General Purpose Financial Statements

The Queensland Building and Construction Commission (QBCC) has stated that from 1 July 2022 all QBCC licensees, generating more than $800K per financial year, must provide General Purpose Financial...

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Director Penalty Notices

Any company can be issued a Director Penalty Notice. The Australian Taxation Office (ATO) began their debt recovery process by issuing Director Penalty Notices to directors of company’s who...

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2022 Tax Time for Small Businesses

If you’re a small business owner, you should currently be working alongside your accountancy team to begin preparing your Year End Tax Accounts for the last financial year (2021/2022)....

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