Reading Room - Business Advisory

The superannuation guarantee (SG) increased to 12%, the final stage of a series of increases. Employers need to make contributions by 28 days after the end of each quarter.

In March the Government announced its intention to ban non-compete clauses for low and middle-income employees. The reforms in this area will take effect from 2027.

What does the One Big Beautiful Bill mean for Australian investors, especially super funds and small businesses with US exposure? It could hit investment returns.

With regulatory changes and mounting administration, the shine has been wearing off trust funds, prompting businesses and investors to rethink their use.

As the Labor party settle back into their seats having secured a majority in the House of Representatives, we look at the campaign promises and the unfinished business from last term.

The ATO has updated its small business benchmarks with the latest data taken from the 2022–23 financial year. These benchmarks cover 100 industries.

As the urban sprawl continues in most major Australian cities, we are often asked to advise on the tax treatment of subdivision projects. Before jumping in and committing to anything, it is important to understand the tax liabilities that might arise from these projects. Unfortunately, many people make incorrect assumptions about the way that subdivision projects will be taxed, often believing that any tax exposure will be minimal. However, the reality is that there are a number of important issues that need to be considered and that could have a significant impact on the overall profitability of the project.

The Government has finally passed legislation increasing the instant asset write-off threshold for the year ending 30 June 2025 to $20,000.