by Team Garnet | Aug 24, 2022 | Business Structures, Small Business, Superannuation, Tax News
The government has introduced a raft of legislative changes covering businesses, individuals and superannuation. The new Labor government has wasted no time in introducing a raft of legislative changes in relation to previously abandoned measures and to implement its...
by Team Garnet | Aug 17, 2022 | Assistance, Superannuation
SMSF COVID relief measures available for the 2019-20, 2020-21 and 2021-22 income years have ceased from 1 July 2022. What does this mean for your SMSF? Trustees of SMSFs should be aware that COVID relief measures that were previously in place have now ended. The...
by Team Garnet | Aug 10, 2022 | Garnet Business Services, Tax News
ATO is again focusing on income and deductions this tax time for rental properties. Just as with previous income years, tax time 2022 is no different, the ATO has again cited rental property income and deductions as one of the 4 key focus areas, along with...
by Team Garnet | Aug 5, 2022 | Small Business, Tax News
An employee’s private use of an electric car provided by an employer may soon be exempt from FBT if newly introduced legislation passes Parliament. During the 2022 election campaign, Labor announced its Electric Car Discount policy in order to make electric cars...
by Team Garnet | Jul 29, 2022 | Money, Small Business
Small and micro businesses have been urged to be on the lookout for payment redirection scams which caused the highest losses to businesses in 2021. The Australian Securities and Investment Commission (ASIC) has warned small businesses to be alert for payment...
