Federal Budget Super and Tax Overview October 2022

Federal Treasurer Mr Jim Chalmers handed down the Federal Budget at yesterday on 26/10/2022 We have prepared a report that summarises everything you need to know.

Our Spring 2022 Bulletin contains important tax and market updates, key reporting dates and some important insight articles to keep you and your business informed.

The OECD recently released its latest Taxing Wages 2022 report, and it’s interesting to see where Australia falls compared to other developed nations when it comes to tax. One of the purposes of this particular paper was to look at the impact of Covid-19 on how workers were taxed across 38 different nations – and it makes for interesting reading!

A little goes a long way with compound earnings. The earlier in your working life you start paying attention to your super, the better off you will be at retirement. However, it’s never too late to take an interest in your super fund’s performance and take action to grow your super!

If you want to stabilise your finances and grow the business, working to strict budgets becomes a necessity. Managing the cashflow twists and turns of a project can be hard work. But it’s easier to do when you have an agreed budget and can track your spending and performance.

DFK International, a top ten global association of independent accounting, tax and business advisory firms, has announced the appointment of Bill Wright as its Executive Director and Chief Executive Officer, a move welcomed by DFK Laurence Varnay

Sydney accounting firm DFK Laurance Varnay (DFKLV) is proud and honoured to have been awarded the 2022 DFK ANZ Firm of the Year Award at the recent DFK Australia New Zealand (DFK ANZ) Conference in tropical Cairns, QLD.

Federal Treasurer Mr Josh Frydenberg handed down the 2022/23 Federal Budget at 7:30 pm (AEST) yesterday on 30 March 2022. We have prepared a report that summarises everything you need to know.

If your trust pays adult-child beneficiaries, then you’ll need to know how the new ATO tax guidance rules could alter your beneficiary arrangements.

On Friday 25 February the NSW Government launched its $1 billion financial support package for businesses, including a raft of financial assistance, support and tax relief measures to help businesses, workers and the performing arts across the state impacted by COVID-19. These supports are available now. Read our latest article about what’s available, who qualifies and how to apply.

Here’s a rundown of some of the main financial terms and how they apply to the financial management of your startup