Top Government Grants for Small Businesses

To facilitate continued growth of the Australian economy and allow small businesses to remain competitive in the global market place, it is important both Federal and State governments invest money into small and medium sized businesses. One-way governments approach this, is through the provision of Government Grants. Grants are funding provided by the government to facilitate business development in one or more areas. We have summarised our top 3 grants…  Read more

Extension of the instant asset write off

As the dust settles from another Federal Budget, there was an important takeaway that every small business needs to be aware of. The instant asset write off has been extended to 30 June 2019, giving small businesses another 12 months to take advantage of the scheme. Introduced as part of the 2015 budget, this allows small businesses to instantly write off assets under $20,000 instead of depreciating it over its useful…  Read more

The 2018-2019 Federal Budget has been announced – so what does it mean for you?

On Tuesday 8 May 2018, the Federal Treasurer Mr Scott Morrison handed down the 2018-2019 budget. Whilst there was emphasis on bringing the budget back to surplus earlier than originally planned, as well as individual tax cuts, we have prepared a tax and superannuation brief to help break down all of the announcements and what they mean for you. If you have any questions about how the Federal Budget for…  Read more

Changes to the Capital Gains Tax main residence exemption – What does it mean for non-residents?

On 9 May 2017, the Australian Government announced that it was introducing a range of reforms to reduce the pressure on housing affordability for Australians, which would come into effect in the 2017-2018 Federal Budget. One of the reforms was the movement to no longer allow foreign tax residents exemption from capital gains tax (CGT) when they sold their main residence. This policy change means that if you sell your…  Read more

Single Touch Payroll

From 1 July 2018, employers with 20 or more employees will need to start complying with Single Touch Payroll, which has been introduced by the ATO to streamline payroll reporting. What is Single Touch Payroll? When you complete your payroll, you will be reporting the payments made, tax withheld, allowances, deductions and super information for each employee directly to the ATO via your Single Touch Payroll-enabled solution. You do not…  Read more

Zoning in on the temporary worker – what does it mean for you?

  In today’s global economy, people working and studying overseas is commonplace. It’s so common that the Australian Financial Review recently reported that the Australian Taxation Office (ATO) are targeting more than 20 million international visa holders, foreign students and migration agents. So why is the ATO zoning in on temporary workers? Basically, it is due to non-compliance and a lack of understanding from both visa holders, sponsors and migration…  Read more

Allan Hall impresses as finalist for SMSF and Accounting 2018

Allan Hall is excited to announce that it is officially in the running to take home four awards at the prestigious SMSF and Accounting 2018 Awards. This is a nationwide industry event which recognises performance in SMSF and accounting professions across Australia, honouring the individuals and businesses who are leading the way in SMSF advice and accounting by championing professionalism, quality advice and innovation.

Global alliance focussed on business excellence

Allan Hall is the Sydney member of Alliott Group, an award winning, growing, global alliance of 160+ accounting, law and consulting firms in 60+ countries.