Practice News

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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Accounting

Your Knowledge Update – June 2019

Inside this month’s Your Knowledge Update, we look at the key areas the ATO will be scrutinizing in your tax returns and the geographical areas …

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Accounting

Your Knowledge Update – May 2019

Inside this month’s Your Knowledge Update, we explore what a change in Government might mean and the outcome of of the Budget announcements. Download this …

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Accounting

Your Knowledge Update – March 2019

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 …

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Accounting

Your Knowledge Update – February 2019

Inside this month’s Your Knowledge Update, we explore the importance of estate planning, the problem with foreign income tax offsets and warn that human error …

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Accounting

The Importance of keeping up to date Share records

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 …

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Accounting

Your Knowledge Update – December 2018

Inside this month’s Your Knowledge Update, how to classify workers in the sharing economy, the new legislation that denies a tax deduction if you don’t …

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Accounting

Your Knowledge Update – November 2018

Inside this month’s Your Knowledge Update,  the accelerated tax rate reduction for small business, the new rules for gift cards and travelling to and from …

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Accounting

Your Knowledge Update – October 2018

Inside this month’s Your Knowledge Update, the ATO’s home office expense crackdown – what you can and can’t claim.  Plus, what does the US/China trade …

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Accounting

Your Knowledge Update – September 2018

Inside this month’s Your Knowledge Update, the online rental blitz with 190,000 taxpayers ‘examined’ by the ATO, the new company tax and franking rates explained, …

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Accounting

Trading Names & Business Names

Do you have a trading name? Have you registered your trading name with the ASIC? Starting November 2018, all trading names will be removed from the …

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