Heaney Business Group

Can my SMSF invest in property development?

Can my SMSF invest in property development?

Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax during retirement, is a strong incentive for many […]

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Redrawing Investment Loans

Warning: Beware of Redrawing Investment Loans

The Australian Taxation Office (ATO) has raised concerns regarding the incorrect reporting of rental property income and expenses, resulting in an estimated annual loss of $1 billion in tax revenue. […]

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Understanding the GST implications for food products

Understanding the GST implications for food products

Have you ever wondered when food is considered GST-free? The distinction between GST-free and taxable foods can be quite nuanced, as exemplified by a recent case before the Administrative Appeals […]

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The Updated Stage 3 Personal Income Tax Cuts

The Updated Stage 3 Personal Income Tax Cuts

The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government. After much speculation, the Prime […]

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Fixed-Term Employment Contracts

New Regulations on Fixed-Term Employment Contracts

Starting from 6 December 2023, significant changes are taking place regarding fixed-term employment contracts. As Heaney Business Group, we want to keep you informed about these important updates that will […]

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Addressing Unpaid Trust Distributions to Private Companies

Addressing Unpaid Trust Distributions to Private Companies

What unfolds when a trust designates income to a beneficiary in a private company but fails to execute the actual payment? The recent case of Bendel vs. Commissioner of Taxation […]

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Super Guarantee Shortfall: Workers Owed $3.6 Billion

Super Guarantee Shortfall: Workers Owed $3.6 Billion

The latest estimates from the Australian Taxation Office reveal that workers are owed a staggering $3.6 billion in superannuation guarantees—a figure that both the government and regulators are keen on […]

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Self-Education Expenses: What You Can Claim

Self-Education Expenses: What You Can Claim

Heaney Business Group provides insights into the latest developments from the Australian Taxation Office concerning self-education expenses. Explore the nuances of deductibility in self-education expenses and what falls within the […]

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30% tax on super earnings above m

30% Tax on Super Earnings Above $3M

Heany Business Group brings to your attention a significant development in taxation affecting superannuation earnings. The Treasury has unveiled preliminary legislation to implement the Government’s proposal to raise the tax […]

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The ‘Airbnb’ Tax

The Airbnb Tax

Property investors opting for short-term stays or leaving their properties vacant are now under increased regulatory scrutiny The Victorian Government’s recent Housing Statement introducing Australia’s inaugural short-stay property tax. Scheduled […]

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A $20,000 Tax Deduction for Energizing Your Business

A $20k Tax Deduction for Electrifying Your Business

Electricity is the new game-changer, replacing traditional fossil fuels like gas. A fresh, time-limited incentive is pushing businesses toward enhanced energy efficiency. We’ll guide you on how to maximise your […]

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The 100 Women Gala Dinner

The 100 Women Gala Dinner

The Heaney Business Group and our esteemed guests were privileged to attend a truly inspiring event – The 100 Women Gala Dinner. This evening of celebration and empowerment marked a […]

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