As a small business owner the one thing you want is more time; time to spend on your business, time with your family and time doing the things you love. An easy way to gain more time is with a … Continue reading
Self employed Tradies are at risk of retiring poor due to a combination of two factors: Many run their business as Sole Traders or Partnerships, which means they are not required to make compulsory superannuation contributions for themselves; and People … Continue reading
Any Small Business with a turnover of less than $2,000,000 can purchase assets up to the value of $20,000 and get an immediate tax deduction, rather than having to write them off through depreciation over the following years. This was … Continue reading
Luka Group has cut through the Budget lingo and political spin to summarise the main items and how they might affect everyday Australians. Please do not hesitate to contact Luka Group on 02 6883 2200 to discuss any points that … Continue reading
Do you have outstanding tax returns? Is your business going well whilst your paperwork remains neglected? Have you been putting it off because you “don’t have time”, “keep forgetting about it” or “have more important things to do”? Would you … Continue reading
The NSW Government has unveiled a $300M drought package focused on supporting primary producers in NSW to become more resilient and better prepared for future drought conditions. Please see some more detailed information contained in the PDF below: 2015 NSW … Continue reading
Do you claim, or should you be claiming fuel tax credits on your monthly/quarterly/annual business activity statements? If so, you’ll be interested in these recent changes. Fuel Tax Credits Broadly speaking, fuel tax credits provide you with a credit … Continue reading
New jobs that are created from 1 July 2011 to 30 June 2015 may be eligible for a rebate. The rebate is available for full-time, part-time and casual jobs: For jobs created pre 1 July 2013, the rebate is … Continue reading
Below is a PDF document outlining some recent information released by the Rural Assistance Authority (RAA NSW) regarding Drought Assistance, the Farm Innovation Fund, Eligibility and Declared natural disasters: This document is provided as general information in nature and is not … Continue reading
From 1 January 2014, the Government will remove the 5% Higher Education Loan Program (HELP) voluntary repayment bonus, applied to payments of $500 or more, subject to the passage of legislation. If you make a voluntary repayment of $500 or … Continue reading