BDH Leaders Tax Planning Webinar

2022-05-05T13:12:44+10:00May 5th, 2022|ATO, General, News, Trusts, Webinar|

Yesterday, Tas Demos & Gede Barone, BDH Leaders Principals, presented a webinar on Tax Planning. For those who were unable to make it, or for those who would like to review the information, above are the links to the webinar recording and slides. The material and contents provided in this webinar are informative in nature only.

Webinar – Tax Planning (Tips & Tricks)

2022-04-21T15:53:25+10:00April 21st, 2022|ATO, Budget, Corporate, General, Webinar|

On Wednesday 4 May @ 12.3-pm, BDH Leaders is hosting a webinar tailored for business owners interested in tax planning insights, tips and tricks. Having a tax plan in place before 30 June will help you make strategic decisions to maximise your returns come tax time. With the end of the financial year fast approaching,

Reminder: A Director ID is now required PRIOR to incorporating a Company

2022-04-05T07:42:47+10:00April 5th, 2022|General, News|

Reminder: as of today, a Director ID is now required prior to incorporating a company. Also, if you have been appointed as a Director since 1 November 2021, it is imperative that you apply for a Director ID. Failure to do so could result in serious penalties. Last year, we shared an article summarising these

2022-23 Federal Budget – Overview

2022-03-30T10:09:28+10:00March 30th, 2022|Budget, General, News|

Last night the Treasurer, Josh Frydenberg, handed down the Federal Budget. In delivering his Budget, he said, “events abroad are pushing up the cost of living at home” as he announced “temporary, targeted and responsible” financial support. With an election expected on 14 May, as predicted, this stimulus Budget includes initiatives to address the rising

What we know ahead of next week’s Federal Budget

2022-03-25T11:43:27+10:00March 25th, 2022|Budget, General, News|

The Federal Budget will be released on Tuesday, 29 March 2022. Not only is this an election Budget, so lots of good news, but it is a Budget coming off the back of a pandemic (and the debt required to keep the country running during the pandemic), and a series of extreme emergency events. On

NSW Government – help for businesses affected by storms and floods

2022-03-14T08:00:12+10:00March 14th, 2022|General, News, NSW, Support|

  NSW Government has just announced a number of support packages available for eligible businesses in declared disaster areas. Following is their summary for your convenience. Financial Support Small business and not-for-profit organisations Disaster recovery grant – up to $50,000 to help pay for the cost of clean-up and resuming operations. Disaster recovery allowance –

The ATO’s Attack on Trusts and Trust Distributions

2022-03-10T09:10:56+10:00March 10th, 2022|ATO, Corporate, Family, General, News, Trusts|

Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and potentially retrospectively) as a result of the ATO’s more aggressive approach. Family trust beneficiaries at risk The tax legislation contains an integrity rule, section

Professional Services Firm Profits Guidance Finalised

2022-02-16T12:12:08+10:00February 16th, 2022|ATO, General, News|

The Australian Taxation Office’s finalised position on the allocation of profits from professional firms starts on 1 July 2022. The ATO’s guidance uses a series of factors to determine the level of risk associated with profits generated by a professional services firm and how they flow through to individual practitioners and their related parties. The

PCR and RAT tests to be tax deductible, FBT free

2022-02-09T13:11:44+10:00February 9th, 2022|ATO, COVID-19, General, News|

The Treasurer has announced that PCR and rapid antigen tests (RAT) will be tax deductible for individuals and exempt from fringe benefits tax (FBT) for employers if purchased for work purposes. There has been confusion over the tax treatment of RAT tests with the Prime Minister stating for some time that they are tax

NSW Government announces $1 billion support package for businesses

2022-02-01T23:51:21+10:00February 1st, 2022|COVID-19, General, News|

On Sunday, the NSW government announced a $1 billion support package for businesses with a turnover between $75,000 and $50 million. This is in addition to the rent relief extension to mid-March previously announced. The package, which commences from February 1 includes: Up to $5k per week for Feb 2022 - A lump sum payment of 20%

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