Immediate Deductions Extended
Temporary full expensing of business assets has now been extended to 30 June 2023
ATO temporarily reinstates paper instalment notices
As part of the ATO’s digital improvement program, they recently made the decision to stop issuing paper quarterly PAYG & GST instalment notices from September [...]
Changes to Casual Overtime
Changes are coming to the way some casuals should be paid overtime. These changes will apply to most Modern Awards. This fact sheet will help [...]
Extended December JobKeeper deadlines
The ATO has extended the JobKeeper monthly business declaration deadline for the month of December until 28 January 2021 (from 14 Jan 2021). This applies [...]
Bookkeeping Services at Macquarie Business Accountants
No matter what business you operate, there’ll always be bookkeeping. Sometimes the task distracts a business owner from what’s really important – running the business. [...]
Avoid the 5 most common bookkeeping pitfalls
Here are 5 of the most common bookkeeping pitfalls, and some simple tips for getting back on track. Mixing business and personal All too often, [...]
The best 5 apps for tracking small business expenses
Did you know that 50% of small business expenses are generated on the go? It’s no wonder the majority of expense receipts end up shoved [...]
Why bookkeeping is crucial to your success
Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you [...]
No tax deductions if you don’t meet your tax obligations
New laws passed by parliament directly target the behaviour of taxpayers that don't meet their obligations. Tax deductions denied If taxpayers do not meet their [...]
Employ staff? Single touch payroll applies to you!
From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – [...]