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Team Q&A: Polly Parrott

This month we caught up with tax and accounting specialist Polly Parrott. Born in Ballarat, Polly joined PPT in 2014 after finishing high school and now helps client with tax returns, BAS and financial statements.…

Working from Home: What’s the Deal?

The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you…

ATO: Final Position on Risky Trust Distributions

The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions - changing the goal posts for trusts distributing to adult children, corporate beneficiaries and entities with…

Sticking to Your Strategy

Creating and sticking to a strategy can be challenging in a volatile market. Failing to do so often results in a short-term focus that prioritises quick financial returns at the expense of long-term value. To…

Is downsizing really worthwhile?

From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced…

Investment Outlook: Summer

Markets have faced a tumultuous 2022 as a new regime of higher macro volatility took shape. 2022 will long be remembered as the year of rising inflation and interest rates. Indeed, in 2022 we witnessed…

Secure Jobs, Better Pay Reforms

The Government’s ‘Secure Jobs, Better Pay’ legislation passed Parliament on 2 December 2022. We explore the issues. The Fair Work Legislation Amendment (Secure Jobs, Better Pay) Bill 2022 passed Parliament on 2 December 2020. The legislation is extensive…

Avoiding the FBT Christmas Grinch

It’s that time of year again - what to do for the Christmas party for the team, customers, gifts of appreciation for your favourite accountant (just kidding), etc. Here are our top tips for a…

How high can interest rates go?

Low interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed stimulus measures through the economy and central banks reduced interest rates even further. Coming out…

Can you stop hackers?

In the wake of the Optus data leak, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act from $2.2m to up to $50m. But there are no…

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