Revised stage 3 tax cuts confirmed for 1 July

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. Before the new tax rates come into effect, check any salary sacrifice agreements to ensure that they will continue to produce the result you are after. Resident individuals...
Customer Lifetime Value: Why Does It Matter?

Customer Lifetime Value: Why Does It Matter?

Understanding Customer Lifetime Value for Your Business At TSP, we know that measuring customer lifetime value (CLV) is crucial for businesses to maximize profitability and growth. CLV represents the total revenue a customer will generate for your company over the...
Christmas Party & Gift Deductions Made Easy

Christmas Party & Gift Deductions Made Easy

It’s that time of the year again! Christmas cheer is flowing and the parties and gifts start coming.. Many of our clients ask us “Can I claim client gifts?”, “What about Staff Christmas Parties?”. Here’s the low down on all the...
The ‘Airbnb’ Tax

The ‘Airbnb’ Tax

Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators. The Victorian Government’s recent Housing Statement announced Australia’s first short-stay property tax. The additional tax,...