Accounting & Tax

STP Phase 2, will help to reduce the reporting burden for employers who report information about their employees to multiple government agencies. The mandatory start date for Phase 2 reporting is […]

A sole trader or a partnership business can claim some running expenses if your home is your main place of business. This can include the cost of electricity, cleaning and

What is an audit report and the purpose?   Audit report highlights Auditor’s opinion on financial statements and whether the statements comply with accounting principles and are free from material

  Employers’ superannuation payments to workers are to increase by half a percent a year and expects to reach value of 12% by 2025. From 01 July 2021 superannuation guarantee

BLOG 25 MAY   The Australian Taxation Office has warned Australians against ‘copying and pasting’ last year’s tax claims to boost their tax returns. Last year, roughly 8.5 million Australians

    Concessional contributions Contributions that you make into your super fund before tax are called concessional contributions. Normally these contributions are taxed at 15% in your super fund. From

When completing your next business activity statement (BAS), remember: Keep accurate and complete records of all sales, fees, expenses, wages and other business costs. Only lodge one BAS for each

Loss carry back provides a refundable tax offset that eligible corporate entities can claim: after the end of their 2020–21 and 2021–22 income years in their 2020–21 and 2021–22 company

A family trust is a common type of trust used to hold assets or run a family business. Essentially, it is a relationship where a trustee holds property or assets for