This month we look at: Registering your .au domain, acquiring collectibles inside your SMSF and 120% deduction for skills training & technology costs.
- Register your .au domain:
23:59 UTC on 20 September 2022 is the cut-off to register for your .au direct domain. The .au domain is the new, general purpose, shorter Australian domain name option. Not registering risks your brand equity being consumed by someone else, rivals redirecting your clients to their products and services, squatters holding the domain, or cyber-criminals impersonating your business. Pages 1-2. Read More
- 120% deduction for skills training and technology costs:
An election ago, the 2022-23 Budget proposed a 120% tax deduction for expenditure by small and medium businesses on technology, or skills and training for their staff. This proposal has now been adopted by the current Government and details released in recent exposure draft by Treasury. We explore the details. Pages 3-5. Read More
- Acquiring collectibles inside your SMSF:
Clients with self managed superannuation funds (SMSF) often ask what assets the SMSF can acquire. The wish list ranges from the common to the highly unusual. We explore the underlying questions that should precede every acquisition. Page 6. Read More
Quote of the month:
"Even if you're on the right track, you'll get run over if you just sit there."
Will Rogers, Actor
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