Accounting & Tax

  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

Overall The expansion of STP (also known as STP Phase 2) will reduce the reporting burden for employers who need to report information about their employees to multiple government agencies.

  FBT is paid by employers for the benefits they provide to the employees, family or Other associates. Its employer’s responsibility to self-assess their FBT liability for the year (1

You don’t need to be a depreciation expert but understanding some of the key concepts surrounding this complex area of taxation can help your ongoing investment strategy. Capital works deduction

There have been increasing reports of people losing money to automated phone scams. Scammers pretending to be from the ATO tell people their tax file number (TFN) has either been