End of Financial Year Tax Checklist

The end of financial year is fast approaching. Many people and businesses can find it one of the most stressful times of the year. Furthermore, the risk of penalties from the ATO for non-compliance means that getting your tax reporting right and in on time is crucial....

The ATO’s $20,000 Instant Asset Write-Off Scheme

Small businesses have another year to take advantage of the federal government’s $20,000 instant asset write-off scheme. In its first year, 99,000 businesses made a claim, with an additional 50,000 using the scheme in its second year (and the average amount...

What the 2018 Federal Budget Means For You

On Tuesday 8 May 2018, the Australian Government handed down its Federal Budget. We at Advantage One have analysed a lot of information and articles regarding the content and acknowledge a number of factors that clearly indicate it is a ‘political budget’, designed to...

New Super and CGT Issues

The Government has brought some checks and balances into super that mean further complexity. This article explains some of the CGT issues clients need to...

2017 Tax Tips

In addition to the $20,000 SME capital immediate deduction, here are 16 more practical tips by CPA Australia. Click here to read article....