Money

Are student loans too big

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 […]

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RBA to blame

Is the RBA to blame? The economic state of play

The politicians have weighed in on the Reserve Bank of Australia’s economic policy and their reticence to reduce interest rates in the face of community pressure. We look at what […]

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Federal Budget 2024-25

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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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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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Claiming Crypto Losses

Claiming Crypto Losses

  The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that gains and losses from crypto are […]

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Federal Budget 2022-23

Federal Budget 2022-23

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Federal Budget Update 2021-22

The Road to Recovery? Federal Budget 2020-2021 Update

The Federal Budget 2020-2021 is a road to recovery paved with cash. Key initiatives include: Personal income tax cuts from 1 July 2020 A $4 billion ‘JobMaker’ Hiring Credit to […]

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facemask on 100 dollar bills

Question of the month – Tax on COVID-19 Grants

My business received a grant from the State Government. Do I pay tax on it?  Short answer; probably. Income tax – Grants are likely to be taxable unless they are […]

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has covid-19 devalued your business

Has COVID-19 devalued your business?

If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact […]

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JobKeeper Alert

JobKeeper Alert

With the employee test date for JobKeeper moved to 1 July 2020, some additional employees might have become eligible for JobKeeper. The August JobKeeper monthly business declaration is due by […]

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COVID-19 and your SMSF

What now? Where to get help if you need it?

Help for business JobKeeper 2.0 The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not […]

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