Threshold for Tax-Free Retirement Super Increases
The superannuation tax-free transfer balance cap rises to $2M in July 2025. This change offers an opportunity for increased tax-free retirement savings.
Is There a Problem Paying Your Super When You Die?
Superannuation payouts can be delayed if nominations are invalid or contested. Learn how to ensure your benefits reach the right beneficiaries.
Will Credit Card Surcharges be Banned?
The RBA is reviewing payment fees, and Australia may ban credit card surcharges. While consumers benefit, businesses may face increased costs.
Why the ATO is Targeting Baby Boomer Wealth
The ATO is scrutinizing how baby boomer business owners transfer wealth to the next generation. Poor structuring may lead to denied tax benefits.
Tax deduction denied for signature basketball shoe R&D
The Federal Court has denied a sports company’s appeal to claim research & development incentives for the creation of an Australian signature basketball shoe. The Movie Air highlighted the importance of the signature Air Jordan shoe to Nike. While expected to sell around $3 million worth of shoes by its fourth year, the signature shoe …
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What’s ahead in 2025?
The last few years have been a rollercoaster ride of instability. 2025 holds hope, but not a guarantee, of greater stability and certainty. We explore some of the key changes and challenges. An election Welcome to political advertising slipping into your social media, voicemail, and television viewing – most likely with messages from the opposition …
Merry Christmas
We want to take this opportunity to wish you and your family a safe and happy Christmas. It’s been an eventful and busy year, and we look forward to working with you again in 2025. We wish you and your family the warmest of Christmas wishes. Office closure Please note that our office will be …
Tax and tinsel Q&As
Can you avoid giving the Australian Tax Office a gift this Christmas? The top Christmas party questions What can I do to make the staff Christmas party tax deductible or tax-free? Not have one? Ok, seriously, it’s likely that you will pay tax one way or another; it’s just a question of how. If you …
Celebrating Success: Women in Finance & Sunshine Coast Business Awards
We are thrilled to share some exciting news! At Indepth Accounting, we strive for excellence, and this year, our hard work and dedication have been recognised on both national and regional stages. Sunshine Coast Business Awards 2024On the regional front, we were honoured to win the Professional Services Award at the Sunshine Coast Business Awards. …
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Understanding Peppol and eInvoicing
What Is Peppol?Peppol stands for Pan-European Public Procurement Online. It’s a global system that aims to help businesses securely exchange eInvoices and other documents with their trading partners. By using a standardised format, Peppol makes it easier for suppliers and buyers to communicate, both locally and internationally. In Australia, the ATO became the official authority …
