Taxwise Individual News

Flood Support Disaster recovery payments If you or your business was affected by the recent floods in NSW and Queensland, you may receive a recovery payment from a local, state or federal government agency. The ATO website advises that the income tax treatment of these support payments is as follows: Australian Government Disaster Recovery Payment…

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Taxwise Business News – Federal Budget Edition 2022-23

Federal Budget 2022-23 Budget overview On Tuesday 29 March 2022, the Treasurer, the Hon. Josh Frydenberg MP, delivered the Federal Budget 2022–23, his fourth Budget. The economic outlook has improved significantly since the Mid-Year Economic and Fiscal Outlook (MYEFO) 2021–22 in December last year. According to the Budget papers, the deficit over the 5 years…

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Director identification number: A unique way to i-DIN-tify yourself…Do you have yours?   Recent legislation has introduced new obligations for company directors requiring them to obtain a personal director identification number (‘Director ID’). So, if you are a director of a company you have new obligations to meet to ensure your ongoing director compliance. This…

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Moreton Bay Bugs Mornay

Ingredients 4 Large Bugs (Split in Half & Cleaned) 50g Melted Butter 50g Butter 50g Plain Flour 250ml Full Cream Milk 250ml Thickened Cream Salt & Pepper Chives (chopped) 2 Garlic Cloves 150g Grated Cheese (or as much as you want) Method Brush bugs generously with melted butter & garlic, season with salt & pepper.…

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Tax Wise Business News

 Small business updates   Welcome to 2022! February is traditionally a quiet time for many businesses, but the ATO hasn’t stopped providing useful information to help small business owners and workers navigate what is sure to be another busy year.   Here are the latest updates from the ATO.   ATO help for small businesses…

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The 10 commandments of tax, according to Kochie

The 10 commandments of tax, according to Kochie David Koch-JULY 9, 2021 – 5 MIN READ It comes around every year. When our attention turns to the fiscal fiend and the amount of tax he has slugged us. Naturally, as good citizens, we don’t mind paying the right amount of tax but we are damned…

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We like to mix it up a bit in our blogs by including recipes we love with our clients, connections and friends. We taste test them all first of course and they’ve been a big hit among our team. We hope you enjoy them as much as we do. If you’ve got a ‘must try’ recipe, please send it into us.