Here at Ruddicks we focus on helping our clients to manage their finances and achieve their business goals in the simplest possible way. One of the tools to make that happen is cloud computing. It enables business owners to access and manage their finances, cashflow and accounts from anywhere and – most importantly – allows you to know exactly what...

The Government has released draft legislation which proposes to abolish the Minerals Resource Rent Tax ('MRRT'), and the related tax concessions, introduced by the former Labor Government, as pledged by the Liberal Party at election time. The proposed repeal of the MRRT, which has been passed by the House of Representatives but is yet to pass the ...

On 7 November 2013 the Tasmanian Government announced an increase of the existing First Home Builder Boost (‘FHBB’) from $8,000 to $23,000 for eligible contracts entered into between 7 November 2013 and 31 December 2014.

On 6 November 2013, the Treasurer Joe Hockey announced that the Government will address a large number of unlegislated tax and superannuation related announcements. These have been accumulating since 2001 and at the time of the Federal Election there were 96 unenacted announcements which have been causing a great deal of uncertainty for all potenti...

As we all prepare to cast our vote this Saturday 7 September in the 2013 Federal Election and no doubt looking forward to the end of the extraordinarily long pre-election campaign, it is worth considering the potential tax related outcomes of the Election.

As you may be aware, the Government has recently announced the abolition of the statutory formula method for calculation of Fringe Benefits Tax ('FBT') and employee reimbursements on cars. The statutory formula method frequently resulted in a more favourable outcome, in particular for cars with low business use, when compared to the operating cost ...

In a bid to improve security and, somewhat more likely, cut their costs, the ATO will no longer issue individuals’ tax refunds via cheque. From 1 July 2013, lodgement of individual tax returns will only be possible if bank account details are provided if a refund is expected.

The following measures, which we have covered in detail in our previous newsletters, will commence from 1 July 2013.

There has been some recent publicity about the changes in relation to the transfer of unclaimed money to the government, in particular from “inactive” bank accounts. Here are the facts about the changes, what they mean for you and how to avoid having your dormant bank accounts transferred to ASIC.

Employee bonuses and directors’ fees can be incurred and be deductible for tax purposes before an actual payment is made.