News and Analysis
Budget 2022 – Key Tax Changes
On Tuesday, 29 March 2022, Treasurer Josh Frydenberg handed down the 2022-23 Federal Budget, his 4th Budget.
Our Posts
News and Analysis
Budget | 2020
Last night, on 6 October 2020, Treasurer Josh Frydenberg delivered the Federal Budget for the 2020 – 2021 income year. It will be remembered as
Business Accounting
JobKeeper scheme is now law – so what does it mean for your business
Under the scheme, eligible employers and business owners will receive a subsidy of $1,500 per fortnight for up to six months.
Taxation Advice
Buying Property in a Trust – beware of new state Duty
What is the Foreign Purchaser Additional Duty (FPAD)? Introduced on 1 July 2015, the FPAD is a surcharge payable by, amongst other entities, Foreign Trusts
Business Accounting
Coronavirus stimulus package. How will this help cashflow for Small Business?
The Australian Government has announced a $17.6 billion economic stimulus package. This has been marketed as a measure to protect the economy by maintaining confidence, supporting investment, and keeping people employed.
Business Accounting
Goverment stimulus package 2 – Fresh $66bn package reveals bigger cash payments, access to super
Larger cash payments to small businesses and temporary access to superannuation have now been revealed in the second tranche of the government’s economic support package in response to the coronavirus threat.
Business Accounting
Corporate veil just got a lot thinner
There has been a lot of press recently on the Phoenixing of companies, and dodgy directors rebirthing companies to avoiding taxes. Remember the old days,
Super and Wealth Solutions
ATO puts employers on notice for unpaid super
The ATO is warning businesses that they will have one last chance to come clean on unpaid super. The ‘Recovering Unpaid Superannuation’ bill passed through
News and Analysis
Xerocon 2019 – the best bits
The team at Seed Accounting have just come back from the Xerocon 2019 – the annual ‘Coachella’ for accountants held in Brisbane. Whilst it may
Business Accounting
Put the Spotlight on your Business – build the reports that matter to you
Technology is changing at a rapid pace, and we are leveraging it to build some amazing management reports. Simple apps link to your business software
Business Accounting
Single Touch Payroll is coming
Single Touch Payroll is almost here. Businesses need to be prepared for big changes to the way they report employee tax and super obligations to
Business Accounting
What to do when you get an ATO audit
In a court of law you are ‘innocent until proven guilty’? However, when it comes to an ATO audit, it’s the reverse. The ATO do
News and Analysis
2019 Federal Budget…what is relevant for you
Some would say it was a boring budget..no surprises from a Liberal government in an election year. Tax cuts, no changes to super, lots of
News and Analysis
The shakeup that’s coming to Division 7A Loans
When a related party borrows from a company or other entity, this may be required to be treated as a Division 7A loan. Discussion about
Growth Strategies
Do you need an agreement with your business partner?
Going into new business with other people is exciting and can be extremely rewarding. A formal agreement can set the ground rules and stop owners
News and Analysis
Xero software – exciting changes this year
In September 2018, we attended our third XeroCon held in Brisbane. Each year Xero uses this event to announce upcoming changes, and Add-on software. We
Taxation Advice
Don’t let a tax debt put you in a spin
Whether you’re running a business or are just an individual trying to make ends meet, there is nothing worse than finding yourself in a situation
Taxation Advice
New GST withholding regime for property buyers
The payment of goods and services tax (GST) in respect of certain new residential property sales has recently been turned on its head! Commencing 1
Taxation Advice
Top 5 Tax Planning tips
The end of financial year is just around the corner. Here are some tips to help you get prepared… 1. Super contributions You can make
Taxation Advice
GST extended to imported goods under $1,000
From 1 July 2018, your online shopping may cost you 10% more. Scott Morrison’s 2017 budget measures are now coming in to force, making overseas
Business Accounting
2018 Federal Budget…what is relevant for you
It was a pretty typical pre election budget. Plenty of tax cuts promised, and nothing too controversial. Here are some of the relevant tax proposals
Taxation Advice
Company tax cuts – should Australia follow the US?
We have seen a lot of press lately about Company tax cuts. Donald Trump cut US tax rates late last year…so should Australia follow? Will
Taxation Advice
Australian taxpayers on notice… keep your receipts
In February 2018, the Australian Tax office published ‘Australians on notice to keep their receipts’. So how do you prove your tax deductions? We explore
Growth Strategies
Startups – what is the right structure for you?
Start up businesses need to make one important decision from the outset – what type of business set-up will suit your enterprise best? And which