Worthwhile expenses for entrepreneurs
Being an entrepreneur is often about getting the most value out of your resources. That means spending only on the necessities, and nothing more. Unfortunately, [...]
Get MYOB FREE for 1 year – hurry limited licenses available
New clients who sign up with us before 30 June 2019 will receive a FREE MYOB AccountRight Live subscription for the first year*. That’s a [...]
Single Touch Payroll – 1 July is fast approaching, will you be compliant?
We are a Xero Single Touch Payroll (STP) ready practice. This means we have completed the training required to offer STP services to businesses and [...]
SBSCH end of financial year processing dates
Pay your super via a clearing house? Superannuation payments are only considered to be paid for taxation purposes once they have been received by the [...]
Work related deductions – are you in the ATO’s sights?
Last financial year, over 8.8 million taxpayers claimed $21.98 billion in deductions for work related expenses. It’s an area under intense review by the ATO. [...]
Crack down on rental property deductions
In the 2017-18 financial year, more than 2.2 million Australians claimed over $47 billion in deductions and the ATO believes that is too much - [...]
Recording payments to contractors
The taxable payments reporting system requires businesses in certain industries to record and report payments made to contractors to the ATO. From 1 July 2019, [...]
How to prepare for a tax office visit
The Tax Office is actively targeting geographic areas for special visits as part of a nationwide crackdown on the black economy. This financial year, the ATO has visited 22 regions with another four in progress. Next financial year they plan on visiting over 10,000 businesses.
Not making your full superannuation contribution? Now you can catch up
This year is the first year of new measures that enable people who have been out of the work force, like new mums, to top [...]
ATO use data-matching programs and benchmarks to catch out those attempting to rort the system
There are around 3.8 million small businesses, including 1.6 million sole traders in Australia. They employ around 5.5 million people and contribute $380bn to the [...]
