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.
Question of the month: Company loan to pay mortgage
A friend’s accountant suggested that they could reduce interest on non-deductible debt by using company cash to offset their personal mortgage, then transferring the cash back by 30 June. Is this an acceptable strategy?
ATO Rental Property Blitz
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. The ATO’s assessment, based on previous data matching programs, is that there is a tax gap of around $1 billion from incorrect...
$20k Small Business Energy Incentive
In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000.
Navigating STP Phase 2: Are You Compliant with ATO Changes?
The Australian Taxation Office (ATO) made Single Touch Payroll Phase 2 mandatory at the beginning of last year. As of January 2022, businesses of all sizes must comply with STP Phase 2 when reporting their payroll data.
Best Tech for Business Advisers to Streamline Reporting
As Australian businesses pivot towards distributed digital teams, the key to making it work lies in data-driven decisions. Although useful, the range of technology and skills available makes choosing the right ones for the job can be difficult. Technology drives...
Successful Businesses Checklist: 5 Key Attributes to Adopt
With over 2.5 million businesses operating in Australia, success is never guaranteed. Something new business owners often ask is: what’s so special about those that do make it past the infamous first 2 years? Although every...