Most business owners dread the idea of having to deal with an audit. They are both time consuming and costly events for any business,...

The Australian Government announce in the 2021-22 federal Budget that it would remove the $450 per month threshold in order to expand...

Many entrepreneurs do not realise that starting your own business means you’d have to deal with its downfalls. Surprisingly, most...

What is entertainment? Providing entertainment means: providing entertainment by way of food, drink or recreation providing accommodation...

The Australian Taxation Office (ATO) as well as several State and Federal Government agencies are increasingly carrying out random tax...

According to the Australian Tax Law, Capital Gains Tax (CGT) does not apply if a beneficiary inherits a dwelling (or any asset in the...

Is my office Christmas party tax deductible? Tis the season to be jolly! And think about fringe benefit tax!! Oh just us? With Christmas...

Overview The ACT government has engaged in a Covid-19 Hardship Scheme, to help small Canberra businesses that’ve been negatively impacted...

From the 1st of November 2021, you will be required to complete an additional step if you have new employees who start that have not...

All directors or individuals who intend to become directors will now need to apply for a Director Identification Number (DIN) via the...

From the 1st of November 2021, you will have to complete an additional step to take if you have new employees who start and that have not...

The Solution In team has summarised the guidelines of the ACT Governments recently announced COVID-19 Business Support Grant so that you...

The Solution In team has summarised the ACT Governments recently announced COVID-19 Business Support Grant so that you can see what you...

Following the ACT Government's announcement of a snap lockdown, our office will be temporarily closed from 13th August until the lockdown...

Over the past few years we have seen a boom in the investing and trading of cryptocurrency (crypto) and Non-Fungible Tokens (NFT's). In...

Superannuation is set to increase from 9.5% to 10% on July 1st 2021. For salary and wage payments made on or after 1st July 2021, the...

An income statement is the document prepared by your employers where you can see your income for the financial year. An income statement...

As the financial year comes to a close on the 30th of June and the tax season begins, you may be questioning whether you want to complete...

If you want to reduce your taxable income while enjoying job perks, Fringe benefits is your answer. Fringe benefits are the “extra”...

GST (Goods and Services Tax) and BAS (Business Activity Statement) are two important components when managing your business and its...