The Australian Taxation Office are now offering free workshops for small business The workshops cover tax essentials, good record-keeping and employer essentials – all to support your business. Learn to free up valuable time to spend on your business and not on your books! Click HERE and then on the State links to view the […]
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Entries by admin
The Australian Taxation Office has advised of the following regarding statements for Medibank clients. “Medibank has advised their customers that their Member Statements may not be available until after the 15th of July 2016. All Medibank customers should have been advised of this situation by now.” If you are a client of ours and […]
The end of financial year car sales are a great way to get a bargain price on the car of your dreams. But before you go down to the car dealership, why not talk to us about getting your financing in place first? Car finance that’s tailored for you. Remember, we’re here to help you […]
Get started now so you are ready by 30 June If you are an employer it’s important you know about some changes in the way you pay super and that you take action now. All employers need to use SuperStream when paying super. This means paying super and sending employee information electronically in a standard […]
What’s new for individuals Before you complete your tax return, there are some changes you should be aware of in case they affect you. Below we have listed a few.
Growing jobs and small business – expanding accelerated depreciation for small businesses New laws have passed that allow small businesses to claim an immediate deduction for assets they start to use – or have installed ready for use – provided each depreciable asset costs less than $20,000. This will temporarily replace the previous instant asset […]
With only two quarters left until SuperStream becomes mandatory, we urge you to cross SuperStream off your ‘to-do’ list ahead of the 30 June 2016 deadline. It takes a little time to set up, but If you haven’t done so already your options to get ready include:
Many small food retailers buy and sell products that are taxable as well as products that are GST-free. Others buy taxable and GST-free products and sell only taxable products. Depending on the point-of-sale equipment they use, accurately identifying and recording GST-free sales separately from those that are taxable can be difficult, which makes accounting for […]
The ATO has developed some simplified transfer pricing record keeping options so that certain eligible businesses can opt to minimise some of their record-keeping and compliance costs for three consecutive income years, the first of which starts on or after 29 June 2013. The guidelines are published in the Simplifying Transfer Pricing Record Keeping (on-line guide) […]
You may be eligible for either the super co-contribution or the low-income super contribution (LISC) or both, which means the government also adds to your super. You don’t need to apply for either the co-contribution or LISC payment. If you’re eligible, have lodged your tax return and your fund has your tax file number (TFN), […]