Taxwise Business News November 2023

WHAT’S NEW IN PARLIAMENT? Small business instant asset write-off For more than 20 years, small business entities have been able to immediately write-off the full cost of depreciating assets so long as the cost of the asset is less than the relevant threshold. The threshold has changed a lot over the years, from a low…

Slow-Cooker Beef Short Ribs

Slow-Cooker Beef Short Ribs   INGREDIENTS 2 Kilograms boneless or bone-in beef short ribs about 8 short ribs 1 teaspoon salt 1teaspoon black pepper 3 cupsbeef stock ¼ cup Worcestershire sauce 1teaspoon garlic powder 1 teaspoon onion powder 1sprigfresh rosemary   METHOD Season the short ribs with salt and pepper. Heat a large skillet over…

How wealthy are you? Take the test and see…

How wealthy are you? Take the test and see… Wealth can be measured subjectively, or objectively. What does this mean? Wealth creation expert and author of Money Magnet: How to Attract and Keep a Fortune that Counts, Steve McKnight explains. Take Wayne for example. He pegs his wealth subjectively, based on what his friends seem to have (or…

How to write a social media strategy, simplified…

How to write a social media strategy, simplified… Social media has become an integral part of modern-day marketing and communication. With billions of active users on platforms such as Facebook, Instagram, Twitter and LinkedIn, businesses of all sizes can benefit from a well-thought-out social media strategy, writes social media expert, Emily Rose Hills. Whether you’re looking…

TaxWise Business News June 2023

  Year end tax tips Are you ready for year end? We are getting near the end of the tax year (30 June). So you might want to consider ways to ensure your business and tax affairs are in order in readiness for year end. Ways to optimise your tax position include reducing your assessable…

Slow-Cooker Coq au vin

INGREDIENTS 2 onions, diced 2 tablespoon olive oil 6 rindless bacon slices (390g), sliced thinly 440 gram button mushrooms 2 clove garlic, crushed 8 kilogram whole chicken 2 cup (500ml) dry red wine 2 medium carrots (240g), chopped coarsely 3 dried bay leaves 4 sprigs fresh thyme 2 sprigs rosemary 1 1/2 cup (375ml) chicken…

TaxWise Individual News – April 2023

APRIL 2023   From the ATO Have you been impacted by floods? If you or your business is in an Australian Government Disaster Recovery Payment declared local government area, you don’t need to request a deferral for certain obligations. You won’t be penalised if you lodge by the later date but remember to pay by…