Business Costs Assistance Program – June 2021

Business Costs Assistance Program – June 2021

The Victorian Government’s $371 million Business Costs Assistance Program Round Two will assist eligible small to medium businesses most affected by the restrictions in place due to COVID19. The grant amount payable to an eligible business is determined by the...
BINDING FINANCIAL AGREEMENT PROS AND CONS

BINDING FINANCIAL AGREEMENT PROS AND CONS

A binding financial agreement could be beneficial to partners with many solely owned assets. A binding financial agreement is similar to a prenuptial agreement. It is a contract between a married or de facto couple that sets out how their finances will be separated if...
Car Expenses

Car Expenses

What’s under the bonnet? If you use your own car for work purposes (this may be a car you own, lease or hire under a hire-purchase agreement), you can claim a deduction using either the cents per kilometre method or logbook method. You can claim a deduction for car...
Winding Up Your SMSF

Winding Up Your SMSF

Towards retirement, individuals may consider switching from their self-managed super fund (SMSF) to a different type of super fund. There are 2 key reasons why an SMSF fund may not be ideal towards and during retirement: SMSF funds are time-consuming and require the...
Travel Expenses – What You Need To Know Before You Go

Travel Expenses – What You Need To Know Before You Go

Travel expenses include: Transport expenses are deductible when you travel in the course of performing your duties. This includes the cost of driving your car, flying, catching a train, taxi or bus. Accommodation, meals and incidental expenses are deductible when you...