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OPTIMIZE BUSINESS ADVISORY
What We Think
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Tax Increase on Earnings for Superannuation Balances Above $3M
The Treasury has unveiled a draft legislation that paves the way for the Government's strategic move to double the tax rate on earnings...
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Introduction of Short-Stay Levy "Airbnb Tax"
Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the...
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Bonus Tax Deductions for Investing in Energy-Efficient Assets and Upgrades
Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We...
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2023-24 Federal Budget
On 9 May 2023, Treasurer Jim Chalmers announced the 2023-24 Australian Federal Budget for the new Federal Government. The 2023 Budget...
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Downsizing. How does it work?
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent...
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How good is ChatGPT at tax?
We got curious about the skills of the latest innovation to take the world by storm, ChatGPT, and its ability to work with the Australian...
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The ATO’s final position on risky trust distributions
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions - changing the goal...
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Full throttle in 2023
In a volatile market, keeping to a strategy, or let’s face it creating one, can be tough. The downside of not taking time out for your...
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Staffing over the Holiday Season
As the festive holiday season approaches, there are many rules employers must understand in order to remain compliant. Employees are...
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Top Tips for a Tax Effective Christmas
December 2022 - Festive Edition It’s that time of year again - what to do for the Christmas party for the team, customers, gifts of...
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Covid Assistance
The WA State Government has recently released and updated assistance packages for those businesses impacted by past Covid-19...
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Federal Budget 2022-23
“Over the last three years, Australians have been tested. This budget is looking to the future.” - Josh Frydenberg Download Full Federal...
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HomeBuilder Grant of $25,000
The Federal Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing...
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WA Building Bonus Package
If the HomeBuilder scheme was not enough good news, our WA government has now introduced two additional grants of $20,000 to promote...
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