our latest news

How to be nice (not naughty) at Christmas with tax
As we lean towards the busy time of year, Christmas, we just wanted to run though a few things tax that may affect you or your business! There is the office Christmas party to organise, gifts to buy for all the team, hampers and other Christmas gifts to give to key clients and suppliers. …
Read More
Making Additional Super Contributions
With the 2024 Financial Year coming to a close in a couple of weeks time, we just wanted to talk about additional super contributions you may want to make before June 30. If you are considering on making a contribution into your Super fund to utilize a deduction – it would be wise to do…
Read More
Fringe Benefits Tax – does this apply to you?
As we find ourselves in the midst of the FBT season, we wanted to chat about what FBT is, and if this applies to you! Fringe Benefits Tax (FBT) is tax that is paid by employers to cover certain benefits provided to their employees. Please note, this is separate to Income Tax. What…
Read More
Superannuation is Due for the September 2023 quarter
This is just a reminder, for anyone that has employees, that the Superannuation for the September 2023 quarter is due! It is a legal requirement to pay super for eligible employees, so please read the information below on requirements and due dates. Please see due dates for superannuation below: If you are processing superannuation…
Read More
Working From Home – how to log your hours for the 2024 Year
The Australian Taxation Office have changed the way taxpayers claim deductions for costs incurred when working from home. Taxpayers can choose one of two methods to claim working from home deductions. The methods are: Actual Cost Method Fixed Rate Method While the “Actual Cost Method” hasn’t changed from previous years, the “Fixed Rate…
Read More
Small Business ATO Boost
The Australian Taxation Office has offered two new boosts this year for small businesses. The boosts are Small Business Technology Investment Boost & Small Business Skills and Training Boost. We have gathered some information below about these boosts, so feel free to have a read to determine if they apply to your business. Small…
Read More
Contribution Strategies prior to 30 June 2023
Trust Income Distributions 30 June 2023 is approaching fast! If you conduct your business or investments through a discretionary trust, you must make sure that you have a signed income distribution resolution for your trust prior to the stroke of midnight on 30 June. If you don’t, the resolution is ineffective for tax purposes with…
Read More
What You Need to Know About 2023 Fringe Benefits Tax
Fringe benefits tax (FBT) is tax paid by employers on certain benefits provided to their employees, or to their employees’ family or other associates. If you are an employer and have employees, you may need to lodge a Fringe Benefits Tax (FBT) return. The Fringe benefits tax year ends on 31 March 2023. …
Read More
Changes to working from home deductions 2022-23
Today we wanted to touch base on the Working From Home deductions you can claim on your tax return, as there have been some changes for the 2022-23 income year from 1 March 2023. There are two methods available to calculate working from home deductions – Fixed Rate & Actual Cost. While the…
Read More
Director ID requirements for all Directors of Companies
Are you a Director of a company? If so, then you are required to complete a Director ID by 30 November 2022! This is compulsory and needs to be completed by 30th of November 2022! ASIC have advised that hefty penalties will be applied if your Director ID is not completed in time. A Director…
Read More
Download your FREE Business Tax Return Checklist
You have Successfully Subscribed!

Download your Property Investor - Starter Pack
Enter your email below to receive your FREE property and tax guide now.
By joining the Knox Tax community you will also remain up-to-date with the latest news and tips from our team.
Success! Your Property Investor Starter Pack is on its way

Download your Small Business Start-Up Pack
Enter your email below to receive your FREE business guide now.
By joining the Knox Tax community you will also remain up-to-date with the latest news and tips from our team.