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Federal Budget 2022-23
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Federal budget 2022

Date: November 9, 2022
Categories: Federal
Australian treasurer Jim Chalmers announced the federal budget on Tuesday, October 25, 2022. This budget aims to create jobs, develop infrastructure, guarantee services and provide confidence to Australian businesses.We are delighted to bring highlights of the budget that will impact the business an ...
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Scamwatch Australia
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Scams in Australia in 2021

Date: November 9, 2022
Categories: Superannuation
New data released from Scamwatch Australia has reinforced the sophistication and rapidly growing number of scams each year in Australia which has caused a total loss of over $2 billion* during 2021 of which $701 million was related to investment scams. It is extremely important for you to remain vig ...
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ATO Updates (November 2022)

Date: November 8, 2022
Categories: Monthly Update
Residency tests for individualsThe ATO has released a draft ruling on the residency tests for individuals; it consolidates two older rulings. It was indicated in the 2021 budget that it would "replace the individual tax residency rules with a new, modernised framework, and the new framework i ...
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Multinational Tax Integrity and Transparency
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Multinational Tax Integrity and Transparency

Date: November 8, 2022
Categories: Business Service
On 25 October 2022, as part of the 2022–23 Budget, the Government announced a multinational tax integrity package to address the tax avoidance practices of multinational enterprises (MNEs) and improve transparency through better public reporting of MNEs’ tax information. The changes will apply f ...
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Small Business Immediate Flood Relief Program - Australia
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Immediate Flood Relief Grant for Small Businesses

Date: November 7, 2022
Categories: Bookkeeping
Businesses directly impacted by the Victorian floods that commenced in October 2022 can access a one-off grant of $5000 to cover immediate expenses. Businesses must be located within an eligible local government area and incurred significant direct damage to their place of business, business ass ...
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Commonwealth Seniors Health Card
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Commonwealth Seniors Health Card

Date: November 7, 2022
Categories: Financial Planning
What is the Commonwealth Seniors Health Card?A concession card to get cheaper health care and some discounts if you've reached pension age.What are the benefits of the Commonwealth Seniors Health Card?With your card, you can get the following:Cheaper medicine under the Pharmaceutical B ...
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Cyber Security in Carisma Solutions

Date: October 13, 2022
Categories: Technology
Cyber threats and attacks are looming all over the globe, attacking individuals or organizations with the intent to get quick financial gains, causing havoc and destruction, destabilizing nations for political reasons, and creating health hazards.There have been cases where even large organi ...
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ATO Updates (October 2022)

Date: October 10, 2022
Categories: Monthly Update
Additional COVID-related grant programs declared NANEThese are the additional grant programs administered by states and territories are eligible as non-assessable non-exempt income.Business Cost Assistance Program Round Four - Construction (Victoria);Business Cost Assistance Program Round Two ...
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Do you need to hire a Bookkeeper?

Date: October 10, 2022
Categories: Bookkeeping
Your business needs an expert to help you organize your daily business transactions. A Bookkeeper can also help you produce important financial statements and make well-informed decisions based on data like budgeting & fundraising. Although bookkeeping and accounting professionals work in tande ...
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Binding Death Benefit Nomination (BDBN)

Date: October 10, 2022
Categories: Superannuation
The High Court has spoken. In its decision in Hill v Zuda Pty Ltd, it has given self-managed super fund trustees much-needed clarity around a binding death benefit nomination (BDBN). The debate over how long a BDBN can last has been put to bed – it is indefinite.The Court’s ruling also gave trus ...
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