Accounting
New Year Cash Crunch
All North Queensland small businesses know the start of the year always creates a cash crunch. A combination of the holiday break, a slow start
February 13, 2019
All North Queensland small businesses know the start of the year always creates a cash crunch. A combination of the holiday break, a slow start
Benefits of record keeping A common question we are asked by clients is….. How long do I need to keep my records for? While we
I was lucky enough to spend some time in Vietnam earlier this month on a business trip. I was there to assist a client with
When asked by that trusting friend/colleague to join them as a Director in their company…. Are you aware of the responsibilities that you are signing
It’s important to take the time to understand what expenses you are entitled to claim against your taxable income and remember that spending the money
Recent legislative changes have now restricted the ability to claim certain rental property expenses. There are two main items where tax deductibility have been significantly
As the end of financial year fast approaches, clients are reminded to consider their tax planning strategies to ensure prompt action is taken before the
30 June is fast approaching! With that in mind, now is the opportune time to plan for the 2018 Tax Year, so that you are
By now, nearly everyone has heard of Bitcoin, the cryptocurrency that started them all. When Bitcoin reached approximately $20,000 AUD in December 2017, I don’t
The 2024 federal budget was unveiled on Tuesday by treasurer Jim Chalmers. There were minimal changes or reforms to the taxation system, especially concerning small and medium-sized enterprises (SMEs).
As we navigate through the evolving landscape of taxation in Australia, it’s crucial to stay informed and proactive in managing your business’s tax affairs.
While navigating the complexities of payroll management, it’s crucial to be aware of common errors that can lead to compliance issues & financial penalties.
The government announced changes to the super contribution caps that will come into effect from 1 July 2024 providing greater flexibility and opportunities.
We want to bring to your attention some crucial updates regarding your tax obligations and the ATO’s stance on outstanding debts. During the past few years, we’ve seen significant changes in the way the Australian Taxation Office (ATO) has handled tax debts, particularly in light of the pandemic’s economic challenges.
Round 3 of the Business Boost Grant Program is scheduled to open at 9am on Wednesday, 6 September. The first stage of the competitive application process is a ‘Registration of Interest’ which is due by 5pm on Tuesday, 12 September. The Department of Youth Justice, Employment, Small Business and Training
During this tax season, millions of Australian taxpayers are expected to access their myGov accounts to lodge their tax returns. Whilst one might assume the system is secure, recent revelations have shown a significant security vulnerability in the Australian Tax Office’s (ATO) identity checking system. According to the ATO’s admission
We hope that the new financial year is off to a strong start for your business. As trusted partners in your financial journey, Halpin Partners is dedicated to providing you with timely updates and valuable insights to navigate the ever-changing accounting and taxation landscape. In this newsletter, we would like
As we approach the one-year anniversary of the new Albanese Government, there were hopes, or some fears, that the approach of the new Government would be significantly different to the prior Government, and that as a result, we would see a substantially different budget with major changes in tax policy.
If you’ve ever visited our office, then you may have noticed the writing on our wall behind our reception area… ‘the most dangerous phrase in the English language is… because we’ve always done it this way’. Our client, James Home Services Australia embodies these very words. We’ve been working with James Home
The 31st of March is fast approaching, which means the end of another Fringe Benefits Tax (FBT) year. FBT can quite often be ignored by many business owners, as they are unaware that some benefits they are providing to their employees may actually result in Taxable Fringe Benefits. Business owners should
It’s important to acknowledge that the Government’s announcement is a proposal only. It will need to go through the usual parliamentary process and if legislated as announced, the changes will commence from 1 July 2025 (i.e. after the next Federal election). In fact, Tuesday the Prime Minister stated there will
