Practice News

Accounting

Why your Self Managed Super Fund needs to comply

To maintain the benefit of concessional tax treatment, it is important for a self managed superannuation fund to be a complying fund ie it complies …

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Accounting

Correcting PAYG Withholding Mistakes

The Tax Office has provided information on what to do if you make an error with your PAYG Withholding.  With the introduction of single touch …

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Accounting

The Age Old Question – Employee or Contractor?

It’s an area that can be easy pickings for the regulatory bodies sometimes, so making sure you understand the difference in your business is crucial. …

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Accounting

Associate Position Promotions – Jarrad Andrews & Adam Burgess

We are very please to announce that two of our senior accountants, Jarrad and Adam, have been offered and accepted positions as Associates here at …

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Accounting

Your Knowledge Update -February 2020

Inside this month’s Your Knowledge Update; we explore the important legislative changes to CGT & the family home which effect Australian non-residents and summarise the …

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Accounting

Your Knowledge Update -November 2019

Inside this month’s Your Knowledge Update; the vacant land deduction changes that will hit ‘Mum & Dad’ property developers, the changes to how SG is …

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Accounting

The First Home Loan Deposit Scheme

The Federal Government has recently passed new legislation through Parliament to introduce the First Home Loan Deposit Scheme. The scheme acts as a way for …

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Accounting

Understanding Your Preservation Age

What is your preservation age and what does it mean for you? There is a misconception out there that everyone’s preservation age is 55, however …

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Accounting

Alert for all Self Managed Superannuation Funds

                As of 1st October 2019, the ATO will alter an SMSF’s status on the Government’s ‘Super Fund …

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Accounting

Your Knowledge Update -October 2019

Inside this month’s Your Knowledge Update; the superannuation guarantee amnesty, what the historically low interest rates mean for you and an alert about trust distributions …

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Accounting

Claiming Work-Related Expenses

The ATO have introduced a new schedule for personal income tax returns for the 2019 income year.  This new schedule is in response to the …

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Accounting

Your Knowledge Update -September 2019

Inside this month’s Your Knowledge Update, the ATO is clamping down on undisclosed foreign income, what rental property expenses you can and can’t claim and …

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Accounting

Low Income Tax Offset (LITO) And Low and Middle Income Tax Offset (LMITO)

From the financial year 2019 through to 2022, there are two tax offsets with similar sounding names that taxpayers may be able to qualify for …

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Accounting

Single Touch Payroll – What Start Date Applies To Your Business?

Unless a deferral was in place, the requirement for employers with 20 or more employees to report through Single Touch Payroll (STP) began on the …

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Accounting

Your Knowledge Update -August 2019

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 …

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Accounting

CGT Exemptions, using the 6 year absence rule

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 …

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Small Business

Social Media – Boom or Bust

We see the growth in social media use every day and it is hard to escape the encroachment into our personal lives. Whether you are …

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Accounting

Your Knowledge Update – July 2019

Inside this month’s Your Knowledge Update, we discuss the confusion over superannuation and insurance, who is exempt from single touch payroll and what are the …

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