by Camden Professionals | Sep 25, 2023 | Small Business, Small Business Tips
** Note that the $20,000 energy incentive is draft legislation at this stage. The federal government has outlined its legislative plan for the Small Business Energy Incentive, framing expectations around the $20,000 ‘bonus’ tax deduction while excluding high-cost...
by Camden Professionals | Sep 25, 2023 | Salary Sacrifice, Superannuation, Tax & Accounting, Tax Deductions
1. What Is Salary Sacrificing Or Salary Packaging? Salary sacrificing is also called total remuneration packaging or salary packaging. A salary sacrifice arrangement is when an employee agrees to receive less take-home income from the employer in return for benefits...
by Camden Professionals | Sep 25, 2023 | ATO, Tax & Accounting, Tax Deductions
You must have come across the term tax offset being used in conversations regarding taxes, especially around tax time. As per the Australian Taxation Office (ATO), a tax offset will directly reduce or offset the amount of tax payable on a person’s taxable income in a...
by Camden Professionals | Sep 15, 2023 | Retirement, SMSF
Retirement may be the end goal for most Australians but with it comes the fact that you will no longer receive a regular income. The Australian Government has implemented many measures to encourage people to plan for their eventual retirement; the biggest being the...
by Camden Professionals | Sep 15, 2023 | Small Business, Small Business Tips
When starting your own business, you must employ the right people, build relationships with good clients, and market your business. However, considering how your business should be structured and whether it can effectively protect your business and personal assets may...
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