The Small Business Energy Incentive was first announced by the Treasurer Jim Chalmers in April this year and included as a 2023/24 FY federal budget measure. Its aim is to address and curb rising energy costs and help businesses manage their bills, at a time when the Australian Energy Regulator (AER) reports that “small business…
Changes now apply (effective 1 July 2023) regarding disclosure of all businesses tendering for large Australian Government procurement contracts. Tenderers for contracts worth more than $200,000 are required to disclose their country of tax residency (including their ultimate parent entity’s country of tax residence), as part of the general business identifier information required in the…
With a focus on the end of the financial year, it’s time to act on opportunities to improve your tax position. It is also important to consider changes in legislation that may have a financial impact on you or your business. With that in mind, here are our Top 5 Tax Tips for the end…
At Hall Browns, our mission is to be our clients’ most trusted advisor. We achieve this by being professional, ethical, proactive and getting real results for clients. We pride ourselves on providing personalised solutions, and some clients need us to give just that little bit extra, which is why we are proud to offer pro…
Last night, Treasurer Jim Chalmers handed down a budget with very few incentives for business. However, the proposed stage three tax cuts, which are due to kick in on 1 July 2024 are safe for now. Please click on this link to download our in-depth budget report to learn more on how the proposed measures…
With the end of Q1 looming, Hall Browns would like to remind you of some important upcoming dates relating to the lodgement of income tax returns. These relate to the deadlines for 2021/22 returns. 31 March 2023 This deadline applies to Companies and Superannuation Funds with a total income in the 2020/21 year of more…
It’s an unfortunate reality that cyber security attacks are on the rise and now more than ever organisations need to be proactive about protecting information from a range of scams and threats. As a result of the way recent high-profile breaches have played out in the media, our clients have been asking how we protect…
In 2022 Hall Browns began an international recruitment drive to supplement the shortage of accounting staff available locally. At the time Simon Grant of Chartered Accountants Australia and New Zealand (CA ANZ), in his capacity as Group Executive Advocacy and International Development, estimated that there were 9000 accounting vacancies across Australia. As a result of…
Last night, Treasurer Josh Frydenberg handed down a budget aimed at reducing the cost of living for individuals and families, while supporting businesses through Australia’s economic recovery and encouraging them to invest in innovation. We have prepared an in-depth budget report for you to download. Should you wish to discuss the impact of these announcements on…
The ATO has recently released a Draft Ruling TR 2022/D1 and Taxpayer Alert TA 2022/1 directly targeting Family Trust distributions made to adult children. In the Alert, the ATO have advised they are currently reviewing trust arrangements where Trust income is distributed to adult children (more than likely at a lower marginal tax rate), while…