Heaney Business Group

Increase in Tax-Free Retirement Super Threshold

Starting July 1, 2025, the cap on funds that can be moved into a tax-free retirement account will rise to $2 million. Each year, advisors eagerly anticipate the release of […]

Superannuation Guarantee Rules for Venues and Gyms

The superannuation guarantee (SG) rules in Australia are comprehensive, covering a wide range of workers beyond traditional employees. These rules extend to directors, contractors, entertainers, sportspeople, and other workers in […]

Personal Tax Cuts

Starting from July 1, 2026, changes to personal income tax rates will be implemented. On the final day of Parliament’s session, a reduction in personal income tax rates, as detailed […]

Trade Wars and Tariffs

Between January 30 and February 2, 2025, global Google searches for “tariffs” surged by an astounding 900% compared to the previous year. This blog post examines the true implications of […]

FBT 2025: What you need to know

The Fringe Benefits Tax (FBT) year wraps up on March 31. We’ve pinpointed the key areas for employers and employees. FBT Exemption for Electric Cars Employers who provide eligible electric […]

Tax deduction denied for signature basketball shoe R&D

The Federal Court has denied a sports company’s appeal to claim research & development incentives for the creation of an Australian signature basketball shoe. The Movie Air highlighted the importance […]

What’s ahead in 2025?

The last few years have been a rollercoaster ride of instability. 2025 holds hope, but not a guarantee, of greater stability and certainty. We explore some of the key changes […]

Tax and tinsel Q&As

Can you avoid giving the Australian Tax Office a gift this Christmas? The top Christmas party questions What can I do to make the staff Christmas party tax deductible or […]

Are student loans too big?

Australian voters tend to reject US style education favouring more egalitarian systems where income does not determine access. In the US, average student debt is USD $37,693 (public and private […]

When overseas workers are Australian employees

The Fair Work Commission has recently ruled that a Philippines-based “independent contractor” was, in fact, an employee unfairly dismissed by her Australian employer. If you’re like us, you’re probably wondering […]