Company Tax
What you need to know about Cyber Security
📢At Isaacs & Cole, we know how important cyber security is to our clients. The Australian Cyber Security Centre (ACSC) stated that since the pandemic began in 2020, cyber threats have grown rampant. Australian organisations saw an increase in the number of advanced cyber threats such as extortion, espionage and fraud at large. You…
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Read MoreFuel Price Rises and How They Can be a Tax Benefit
The increase in fuel prices have definitely had a negative reaction from most people. Taking the positives from everything, this could be a chance to increase your motor vehicle expenses to reduce your taxable income. Here’s how: From 1 July 2022, the cents per kilometre rate increases to 75c per kilometre of work related travel.…
Read MoreWhy accounting software’s benefit your business!
Accounting softwares are daunting to begin with, but can prove to be very useful for simplifying the admin of your business. While they are not for everyone, here are a few reasons why your business should move onto an online accounting software: STP is compulsory for all employers – as Single Touch Payroll (STP) is…
Read MoreInstant Asset Write Off Extended
The recent budget lead to the extension of the instant asset write off (also known as temporary full expensing) until 30th of June 2023. Here are some things you should be aware of when thinking about purchasing a new asset: There are limits for the amount you can claim when you purchase a car –…
Read MoreThe NSW Small Business Support Packages Have Updated!
The NSW Government has announced another round of support packages in relation to the current pandemic. As always, there are certain conditions that have to be met. These conditions are: You must have an aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2021; and You must have…
Read MoreDirector Identification Numbers – Why you should be prepared now rather than later
Director Identification Numbers (DIN’s) are a newly imposed law that requires directors of all companies to get a DIN. Here are the key dates: If you were a director at 31 October 2021, and are still a director of the same company, you need to get a DIN by 30 November 2022. If you have…
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