DFK Benjamin King Money

Tax Planning for 2023/24

As the end of the financial year is fast approaching, there is a number of tax planning opportunities you should review by 30 June. Darren Williams and Erny Lie provide the following guide covering a variety of measures and strategies that can be utilised. Small Businesses For small businesses, several tax measures can help optimize their tax position. Temporary Full Expensing Rule is still available and will finish 30 June 2023. It allows small businesses with turnovers under $5 billion…

2023 DFK Australia New Zealand Conference – Wellington, NZ

The annual DFK Australia New Zealand conference kicked off last month in Wellington, New Zealand. The DFK Benjamin King Money directors and associates were delighted to attend. The first day commenced with Cheree Woolcock attending the Managing Partners Forum, whilst Daniel Shaw, Paul Turnbull and Tim Kelleher delivered presentations at the Tax Seminar. Cheree also delivered a presentation on behalf of the DFK International Women in Leadership group about Workplace inclusivity, and how we can foster an inclusive working environment. Cheree and Tim…

Key Announcements from the 2023-24 Victorian State Budget

This Tuesday the 23rd of May the Victorian State Budget was delivered. The key announcements are provided below. PAYROLL TAX From 1 July 2023 there will be a COVID-19 debt – temporary payroll tax surcharge to apply to wages paid in Victoria by Businesses with national payrolls of over $10 million a year. This tax will be 0.5% on their national payroll over $10 million and an additional 0.5% on their national payroll above $100 million. This tax will apply…