Insights

Jonathan Lee Distinguished as a Finalist in the Esteemed HKABA Queensland Chapter Business Awards

Recognizing his outstanding contributions and leadership in fostering economic ties between Hong Kong and Australia, Jonathan Lee has been honoured as a finalist...

Solomons Group Unveils Third Australian Office in Perth

This milestone is about more than just geographical expansion; it stands as a powerful testament to our unwavering commitment. New Offices, New Horizons...

The Taxing Truth – A Case Study on GST & Property Intentions

The problem when the evidence doesn’t match what the taxpayer tells the ATO – A recent case before the Administrative Appeals Tribunal (AAT)...

Defining The Line – Employee Vs. Independent Contractor In The ATO’s Latest Guidance

In the latest advisory from the ATO, Solomons Accountants & Advisers reminds you that simply labelling a worker as an independent contractor in...

Investing in Property Development With SMSF – Understanding Your Options & Compliance

The allure of property investment, coupled with the appealing 15% tax rate during the SMSF accumulation phase and the potential for tax-free retirement,...

Navigating the New Landscape – Understanding the Redesigned Stage 3 Personal Income Tax Cuts

The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the...

Small Business Energy Incentives & FBT Hybrid Car Update – 2023-24 Federal Budget

Discover how your small or medium-sized business could benefit from up to $20,000 in bonus deductions for energy-efficient upgrades and electrification. Eligible assets...

Company Money: A Guide For Owners

When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of...

Selling a Business? The Pros & Cons of Earn-Out Clauses

Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should...
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