Tue Feb 21 2023
Since 1 January 2020, certain high-income earning employees have had the ability to opt out of receiving certain Superannuation Guarantee (SG) contributions.
From 1 January 2023, eligible individuals aged 55 years and over can choose to make downsizer contributions into their super of up to $300,000 per person ($600,000 per couple) from the proceeds of selling their home.
Mon Feb 20 2023
If you are looking to take advantage of digital technologies, or build a better trained and more productive workforce, there may be extra tax deductions for you to keep in mind when considering your budgets and expenditures in these areas. The Skills and Training Boost and the Technology Investment Boost are now law and may be utilised for a short time to help your business.
Thu Feb 16 2023
Following the Queensland Revenue Office’s (QRO’s) recent public ruling which placed medical practices squarely in their sights for payroll tax, the QRO is offering a payroll tax amnesty for medical practices contracting with General Practitioners (GPs) in defined circumstances.
Fri Feb 10 2023
Based in Brisbane, the Pilot Partners medical team can assist with various areas of your medical practice management.
Thu Dec 15 2022
At Pilot we encourage our clients to take some time out of working in the business and spend some time working on their business. Too often businesses fail due to lack of future thought and planning, particularly when they get bogged down in the day-to-day grind of operations.
Wed Dec 14 2022
Division 7A is not a new concept. It was introduced by the Australian Government on 4 December 1997 in an effort to prevent company shareholders from receiving tax-free payments from private companies. Over the years, as part of its anti-avoidance measures, the ATO has added further sub-sections to address several loopholes in the legislation.
For many business owners it can be difficult to find the time for planning and mapping out future business strategies, with most days consumed by operational tasks and ensuring you are doing the best possible job for your clients. This is why having the right team of advisors by your side is essential.
Mon Dec 12 2022
With Australia’s borders re-open, British medical professionals will once again have the opportunity to work down under. But there are tax rules when moving from the UK to Australia to consider.
Sat Dec 10 2022
Businesses establishing themselves in emerging sectors can face unchartered waters when navigating the tax implications of new products.
Thu Dec 08 2022
Once again, income and deductions from rental properties have been highlighted by the Australian Taxation Office (ATO) as one of four key areas of focus this tax time. The ATO has urged rental property owners to carefully review their records and ensure they know what income is required to be declared and the deductions that can be claimed.
As we continue the preparation of 2022 financial year tax returns, the Australian Taxation Office (ATO) has reminded business owners that there is help available when paying your tax obligations, and they want to work with the community to resolve tax debts. Payment plans provide a practical solution to paying off tax debts for individuals, sole traders and businesses alike.
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