Insights
Welcome to the Saab Partners blog, your one-stop source for the latest insights, trends, and expertise in the world of accounting and financial services. Join us as we navigate the ever-changing landscape of finance, empowering businesses and individuals through strategic partnerships and unparalleled expertise.
The assault on professional services practices
The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two new cases before the Administrative Appeals Tribunal demonstrate how serious the Australian Taxation Office (ATO) is about making sure professional...
Value influencers: How much is your business worth?
For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what is your business worth and what sets a high value business apart? Every business owner is naturally curious about just...
Non-compete clauses and worker restraints under review
A new issues paper from Treasury’s Competition Review questions whether non-compete clauses and other restraints are limiting job opportunities and movement. A recent Australian Bureau of Statistics (ABS) survey found that 46.9% of businesses surveyed used some...
The Fringe Benefits Tax traps
The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention.
The ATO Debt Dilemma
Last year, thousands of taxpayers were advised that they had an outstanding historical tax debt. The only problem was, many had no idea the debt existed.
How to take advantage of the 1 July super cap increase
From 1 July 2024, the amount you can contribute to super will increase. Find out how you can take advantage of the change.
Revised stage 3 tax cuts confirmed for 1 July
The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024.
Getting back what you put in: Loans to get a business started
A case before the AAT was a loss for a taxpayer who blurred the lines between his private expenses and those of his company.
Stage 3 Personal Income Tax Cuts redesigned
Proposed changes to tax cuts from FY24 onwards aim to boost benefits for low-income households. Those that previously had no cuts may now benefit.