TAX PLANNING
Coming up to 30 June is a great time to review your tax position. There is nothing worse than receiving an unexpected nasty tax bill. There are legitimate ways to […]
Accounting & Tax
PRIVATE HEALTH INSURANCE OFFSET
Most people who have private health cover are not aware of how the private health insurance offset works. Your health fund automatically applies a 25% offset to your health premiums.
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Instant Asset Write-Off
The government has made a few changes in regards to the Instant Asset Write Off for the 2022 and 2023 financial years because there has been an extension made to
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STOP PRESS
The ATO has been quite lenient with lodgements and penalties as well as tax owing during the pandemic. Beware the honeymoon is over. The ATO is now vigorously pursuing tax
The Super Guarantee Charge
Superannuation is the money you pay to eligible workers to provide for their retirement. Super guarantee (SG) is the minimum amount you must pay to avoid the super guarantee charge,
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Cryptocurrency and Tax
Trading of cryptocurrency involves tax implications, The below 3 steps will help to manage your tax responsibilities with cryptocurrency. Reporting disposal of cryptocurrency: Disposals should be reported for capital gains,
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Single Touch Payroll Phase 2
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
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Maximising cash flow from Spring clean and maintenance costs
Spring has sprung and many Australians are looking to freshen up their homes or investment properties. Property investors have the added benefit of claiming their Spring maintenance and cleaning costs
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Is home your primary place of business?
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
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Key things to know about Audit Procedures..
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
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