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Why is the Market Down?

18 November 2022 News & Updates 0Comment
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This year, we have seen a great deal of turbulence in the share market. After falling sharply in mid-June, share markets experienced a brief window of recovery in mid-August reversing half of their declines.

FBT Consequences of providing Benefits To Employees

8 November 2022 News & Updates 0Comment
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The costs associated with Christmas parties are exempt from FBT if it occurs on a working day, on the business premises, and consumed by current employees. The property benefit is not available for associates (spouses, friends, children).

Single Touch Payroll Phase 2 Extension Deadline Is Approaching

3 November 2022 News & Updates 0Comment
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Single Touch Payroll Phase 2 (STP) came into effect on 1 January 2022 and was required to be fully implemented by 31 March 2022, unless you are a customer of compliant accounting software.

2022/23 Federal Budget

27 October 2022 News & Updates 0Comment
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With a federal election due in May, Treasurer Josh Frydenberg announced the 2022 – 23 Budget on Tuesday evening, which heavily features measures for combatting the rising cost of living. Measures include cash payments, a cut to the fuel excise and tax breaks.

“Shrinking” CGT Concession Thresholds

28 September 2022 News & Updates 0Comment
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There has been a great deal of activity over the past 12 to 24 months in the SME merger and acquisition space. Smaller businesses being acquired by larger businesses, smaller businesses merging and even some larger trade sales whereby multi-nationals swallow up profitable SME’s.

Draft Legislation Introduced: New Tax Incentives for Businesses

18 September 2022 News & Updates 0Comment
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In early September, the Treasury released draft legislation that will introduce a Skills and Training Boost and a Technology Investment Boost tax incentive. These incentives will support businesses and address skill shortages in the workforce

Business Distress Warning Signs

14 September 2022 News & Updates 0Comment
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Business troubles don’t often come out of nowhere. There are always warning signs that may indicate a business is heading towards financial distress.

Unpaid Super and the Super Guarantee Charge

5 September 2022 News & Updates 0Comment
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As mentioned in previous editions of Armada Insights, the ATO has ramped up its debt collection activities by issuing Director Penalty Notices for outstanding debts.

Claiming Deductions For Crypto Losses

1 September 2022 Cryptocurrency 0Comment
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The 2022 year proved to be extremely volatile in the cryptocurrency market.

Reminder: Keep Your Crypto Records

25 August 2022 News & Updates 0Comment
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The ATO is placing a major focus on income earned from crypto, including any capital gains and losses.

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PRIMARY SERVICES
  • Tax & Accounting
  • Bookkeeping
  • Audit & Assurance
  • Financial Planning
  • Lending
SPECIALTY SERVICES
  • Business Advisory
  • CFO Services
  • SMSF
  • Corporate Compliance
  • Doing Business in Australia
ABOUT US
  • Who We Are
  • Our Team
  • Testimonials
  • Careers
  • FAQ
CONTACT US
  • info@armada.com.au
  • 08 6165 4000
Facebook Linkedin Instagram Youtube
PRIMARY SERVICES
  • Tax & Accounting
  • Bookkeeping
  • Audit & Assurance
  • Financial Planning
  • Lending
SPECIALTY SERVICES
  • Business Advisory
  • CFO Services
  • SMSF
  • Corporate Compliance
  • Doing Business in Australia
ABOUT US
  • Who We Are
  • Our Team
  • Testimonials
  • Careers
  • FAQ
CONTACT US
  • info@armada.com.au
  • 08 6165 4000
Facebook Linkedin Instagram Youtube

Armada Accountants Pty Ltd – ABN 79 009 298 542, Armada Financial Planning Pty Ltd – Corporate Authorised Representatives of Armada Wealth Management Pty Ltd AFSL 535978, Armada Lending Pty Ltd – ABN 20 603 067 983 – Authorised Corporate Credit Representative (470054) of BLSSA Pty Ltd (ACL 391237), Armada Audit Services Pty Ltd – ABN 39 151 015 002, Armada Business Services Pty Ltd – ABN 29 008 762 481, are members of the Armada Group. Each member of the Armada Group is a separate legal entity in its own right and is not in partnership with any other members of the Armada Group.

Liability limited by a scheme approved under Professional Standards Legislation.

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