blog

We've previously written a few blog posts around the opportunities of utilising unused superannuation concessional contributions, and the benefits of doing so. In our last blog post on this subject in June 2023, we noted that any unused cap amounts from the 2019 FY...

The Australian Taxation Office (ATO) has announced its 3 key focus areas for this Tax Time: Rental property deductions Work-related expenses Capital gains tax. ATO Assistant Commissioner Tim Loh said the ATO is continuing to prioritise areas where they often see...

A few years ago, new rules were introduced that allow eligible taxpayers to make extra concessional superannuation contributions above the general concessional cap which is currently $27,500 PA. This involves accessing unused concessional cap amounts from previous...

For all of our business clients that employ staff, we wanted to remind you of the upcoming changes to compulsory superannuation contributions that will impact you from 1 July 2023. Current Position Under Australia’s Superannuation Guarantee Laws, employers are...

In late April/early May we will be issuing our annual Tax Audit Insurance Premium renewal notices.   What is Tax Audit Insurance?   Audit Shield is an end-to-end tax audit insurance solution that covers accountants’ professional fees and the fees of experts,...

A dedicated tax planning meeting is something that we have been doing for years with our clients. We feel that the amount of income tax you pay should be managed just as prudently as you manage other businessor personal expenses. It's important, as an owner of a...

The ATO has revised the way taxpayers can claim deductions for costs when working from home. The new changes will apply from 1 July 2022 and will be applicable to the 2023 Income Tax Returns. Please note the compliance requirements are more stringent than previously....

The start of a new year is a great time to set some goals that will help you design and create your future. Here are a few questions to ask yourself in 2023: Do you have business & personal goals? Are your business & personal goals in writing? Do you review...

We hope you've had a wonderful break, and are refreshed and ready to tackle 2023! We wanted to remind you that as of this Monday, 9th January 2023, our team are back in the office to answer any of your questions. Feel free to book in a meeting via Calendly, or give us...

2023 is just around the corner, and as many businesses prepare to close for the Christmas/New Year break, I wanted to use this chance to reflect on the year that's been. I've put together a summary of the highlights of our year at Lark Business Advisory below!...