Categories
Latest News
SMEs Must Speak To Both Their Accountant And Broker Before Purchasing Property
If the accountant and broker are working separately, neither parties will be informed of important details on their end.
... read moreHow Much Can You Claim On Your 2019 Return?
The ATO have sophisticated data matching tools which allow to identify any out-of-the-ordinary or ‘too high’ claims.
... read moreThe Difference Between Income Tax And Instalment Tax
If your business activity drops my suggestion is to go and talk to your accountant and they should be able to drop the amount per quarter that you have to pay.
... read more60,000 Tip-Offs Helping The ATO To Find Tax Cheats
Tip-offs to the Australian Taxation Office (ATO) have reached an all-time high with close to 60,000 tip-offs received between June and May 2019.
... read moreAirbnb Renters To Be Under Tax Office Scrutiny
Similarly to last year, users of the highly popular Airbnb platform will struggle to get away with illegal deductions on their 18/19 tax return.
... read moreExtension & Increase To The Instant Asset Write-Off For Small Businesses
The popular instant asset write-off for small business has been extended and increased.
... read moreFringe Benefits Tax Is a Nuisance
It’s particularly frustrating for our small business clients, as they often have work-related car use or take their employees out for lunches or social functions.
... read moreClaiming Car Expenses: Cents Per Km or Logbook Method?
From 1 July 2015, the ATO reduced your options for claiming car expenses down to two methods.