Blog & Resources

We keep you updated with what you need to know when it comes to running a business in Australia

Business Basics Grants Program

Business Basics Grants Program

State Govt Business Basics Grant – small $5k grant but might come in handy for the new franchise business.  The QLD Government will open the above grant applications on Tuesday 17th May 2022.  If...

Fuel tax credit rates reduced

Fuel tax credit rates reduced

The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel and all other petroleum-based products (except aviation fuels) for 6 months from 30 March...

Can I claim a tax deduction for my gym membership?

Can I claim a tax deduction for my gym membership?

There are lots of reasons to keep fit but very few of them have to do with how we earn our income – therefore typically a tax deduction for a gym membership isn’t allowable.  In general, a tax...

Research & Development (R&D) Tax Incentives

Research & Development (R&D) Tax Incentives

Research & Development (R&D) Tax Incentives Are you looking to develop a new process, or create a new innovative product – but not sure how to fund the research? The Research &...

Enhancing our client verification process

Enhancing our client verification process

Proof of identity verifications requirements extended to Accountants and Tax Agents.To reduce the risk of tax and identity fraud the Tax Practitioners Board (TPB) recently announced that all Tax and...

2022 Budget – Personal Tax

2022 Budget – Personal Tax

Low-income offset – LMITO increased by $420 for 2021-22 The low and middle income tax offset (LMITO) will be increased by $420 for the 2021-22 income year so that eligible individuals will receive a...

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Get in touch with us and one of our experienced advisors will reach out to you as soon as possible

team@hfbgroup.com.au

+ 61 7 3286 1322

+ 61 7 3286 3022

146 Bloomfield Street Cleveland
P.O. BOX 24, Cleveland QLD 4163

M-F: 8:30am-5pm