VJ Accounting & Taxation Services

Why SMSFs are Becoming Increasingly Popular! 🚀 📈

💼 Diverse Investment: Explore a world of options with SMSFs! From property 🏡 to infrastructure 🌉 and private equity 💰, enhance your portfolio diversification for a stronger financial future.

⏰ Flexibility: Take control of your investments! With SMSFs, investors can buy and sell assets at any time, seizing opportunities and capitalizing on market fluctuations on their terms.

💸 Tax Advantages: Maximize your tax planning game! SMSFs offer opportunities like deferred capital gains tax and income splitting among family members, strategically reducing overall tax liability.

🏛️ Estate Planning: Secure your legacy with SMSFs! Effectively plan for the future, ensuring financial support for spouses and children even after the investor's passing.

Due Date January - 2024, Don't miss these financial deadlines
21 Jan: Lodge and pay Dec 2023 BAS 💸💼
28 Jan: Make Q2, 2023-24 super guarantee contributions 💰📆
31 Jan: Lodge TFN report for closely held trusts 📝🏦

Corporate tax rates in Australia for Base Rate Entities and Other Companies! 📊💼 Check out the table below and gain insights into the tax structures. From Base Rate Entities to larger corporations.🌐🏢

🚗 Navigating the lanes of Car Fringe Benefits: Beyond the daily commute, discover the added perks when your employer's wheels become your weekend escape. 🌐 Unlock the principles – from ownership to private use – defining this unique employment advantage

Navigating the financial landscape: Division 293 Tax explained 📊💰 Did you know it's an additional tax on super contributions for individuals with a combined income and concessional contributions over $250,000? Learn more about how this impacts your tax concessions!

✨ Rules for Taking Annual Leave ✨

Awards and registered agreements have the authority to establish guidelines concerning the utilisation, scheduling and approval of annual leave.

An employer and an award and agreement-free employee can agree on when and how annual leave is taken. Award and agreement-free employees can agree on matters that include:

1️⃣ Taking Annual leave in advance. 🕰️
2️⃣ Utilisation annual leave within a designated timeframe after it accrues. 🗓️
3️⃣ Giving notice within a specified period before taking annual leave. 📢
4️⃣ Opting to receive payment for unused annual leave. 💰

🎉 Happy Leap Year and Happy New Year 2024! 🌟 May it catapult you into a year filled with joy, success, and an extra 24 hours of happiness! 🥳

🚀 Discover the latest income tax rates for residents and plan your financial journey with confidence. 💼

Super Contributions Updated: Maximum Base Increase 🚀

Maximize your business deductions with essentials like supplies, software, and professional services. 📈💼

Who do modern awards apply to? 🕵️💼
Modern awards may cover all employees under the national workplace relations system, but here's the catch – not everyone is award-covered! 🚫⚖️

💰 Boosting profits, minimizing taxes: Unveiling the power of GST for small businesses. Learn the rules, unlock success! 🚀📊

🚀 Government announces cash flow assistance for 2.1M businesses in 2023-24. 💼💸

What is a Broken Shift?
According to Fair Work Australia, it involves multiple work periods in a day, with 1 or 2 unpaid breaks. 🔄

Instant Asset Write-Off extension till June 2024. Small businesses, seize the chance to deduct assets under $20,000 instantly. 🌟💼

🏡 Housing Boost Alert! 🚀 Starting July 1, 2024, the MIT withholding tax rate for build-to-rent projects is getting a significant cut from 30% to 15%. Let's usher in a new era of housing supply! 🌟

Diving into the economic currents with the Reserve Bank of Australia! 💸📈 Did you know the RBA steers the ship of monetary policy, influencing everything from interest rates to inflation?

Land Tax: An annual state-based charge on properties. 🏡💸 Learn the basics and stay in the know!

Fuel up your business success with Fuel Tax Credits! ⛽️💼 As a business owner, you're entitled to credits for the fuel tax in your business fuel expenses.

Wishing you a sparkling Diwali filled with joy, light, and prosperity! 🪔✨

Celebrating the power of positive feedback! 🚀 A big thank you to Data Tech Media for their kind words.

Another rate hike from the RBA! The cash rate is now 4.35%, its highest level in 12 years ⬆️.

The Australian Government has lowered the GDP adjustment factor from 12% to 6% for 2023-24, offering cash flow support to eligible small businesses. 💰

📚 Curious about self-education expenses? Let's break it down and help you navigate the world of learning!

🏢 Paying too much rent? 💰 Wages through the roof? 💸 Not investing enough in advertising? 📈 We've got you covered! Our expert team can provide you with a detailed line-by-line comparison of your performance against your competitors.

🏗️ Invest in the future of real estate! The capital works deduction rate is rising from 2.5% to 4.5%, making it an ideal time to explore build-to-rent projects. 💰

🚀 July 1, 2025: Big superannuation change! Balances over $3 million taxed at 30%, under $3 million at 15%. Plan your confident retirement. 💼

🌟 Software Solutions Simplified! 💻 Need help deciding? We've got you covered. 🤝

The rate of income support payments is being increased to ensure a brighter future for all. 🌟💰

Modern Awards: Ensuring fairness and consistency in the workplace.