Accounting

/Accounting

Your Knowledge Update -August 2019

By |2019-08-08T17:13:24+10:00August 8th, 2019|Accounting, Small Business, Superannuation, Tax|

Inside this month's Your Knowledge Update, confusion over the personal income tax changes and what you are really entitled to, why the Government does not want your business accepting cash payments of $10,000 or more, the tax treatment of compensations from financial institutions, and FBT and ride sharing services. Download this month's issue here - [...]

CGT Exemptions, using the 6 year absence rule

By |2019-08-07T12:51:46+10:00August 7th, 2019|Accounting, Tax|

Treating a property as a principal place of residence (PPOR) is one of the more common Capital Gains Tax exemptions available.  As we know, in most cases there is no tax payable on the sale of the family home (provided the land is under 2 hectares). The 6 year absence rule follows on from the [...]

Your Knowledge Update – March 2019

By |2019-03-28T09:34:56+10:00March 7th, 2019|Accounting, Small Business, Tax|

Inside this month's Your Knowledge Update, a reminder that Single Touch payroll will be extended to all employers from 1st July 2019, a look at what happened during the last Parliamentary sitting days for 2019 and Australia's global gender equality ranking. Download this month's issue here -Your Knowledge Update - March 2019.      

The Importance of keeping up to date Share records

By |2019-01-31T12:10:14+10:00January 31st, 2019|Accounting, Small Business, SMSF, Tax|

The ATO has announced that it will be extending its data matching program to include information relating to share sales.  ASIC will now be providing details on all share transactions (including price, quantity and date) dating back to 2014.  The ATO  previously received information from brokers, share registries and stock exchanges meaning this announcement now [...]