Yes the silly season is almost upon us and while Christmas parties provide you with an opportunity to celebrate the year’s achievements with your staff, it’s also not called the silly season without a reason.
Read MoreSmall businesses with a turnover of less than $10 million from 1 July 2016 can write-off assets costing less than $20,000 each up until 30 June 2018.
Read MoreThe Tax Office is reminding individuals that they can only claim a work-related deduction if:
- they have spent the money themselves and were not reimbursed
- it is directly related to earning their income
- there is a record to prove it.
Occasionally, business owners will need to make changes to their net GST liability for any given reporting period.
Read MoreSubstantial superannuation changes have taken effect from 1 July 2017.
Our Self Managed Superannuation specialist Daniel Uden described the changes as the largest and most complex adjustments to superannuation in 10 years.
Read MoreWith SMSF members still working through the wide-reaching and complex superannuation changes of the last Budget which take effect from 1 July 2017, this Budget’s minimal changes with regard to superannuation comes as good news.
Read MoreScott Morrison released the Federal Government’s 2017-18 Budget forecasting a deficit at $29.4bn for 2017-18, down from $37.6bn in 2016-17.
Read MoreThe Australian Tax Office is collecting data from financial institutions and online selling sites as part of their data matching programs for credit and debit cards and online selling.
Read MoreMany small food retailers buy and sell products that are both taxable and GST-free. Depending on the point-of-sale equipment used, identifying and recording these sales can be difficult for business owners.
Read More12 top tax tips for 2017 year end
Read MoreThe end of the financial year is a great time for property investors to take the opportunity to minimise their tax obligations. Here are five tax tips to consider this tax time.
Read MoreStaying on top of your records helps to manage cash flow and prepare your business activity statements (BAS) and tax returns more easily.
Read MoreRental property investors have access to a range of tax strategies. One such strategy, which is often underutilised, is claiming depreciation as a tax deduction.
Read MorePreparation is critical to minimising your capital gains tax at the end of the financial year.
Read MoreIN THIS GUIDE: Staying on top of your records, CGT relief provisions for SMSFs, 2017 year end tax tips, super reforms on the way and more
Read MoreThe following table outlines the GST concessions available to charities (with registered tax concessions), deductible gift recipients and government schools:
Read MoreThe ACNC has announced its intention to revoke the registrations of approximately 200 more charities who have now defaulted on the lodgement of their 2013 and 2014 Annual information Statements (AIS).
Read MoreWhether you're on a beach, in a desert, atop a mountain, at a restaurant, overseas, under a tree, or by a river there’s always time to work on your budgets.
Read MoreSome employers, who are commendably anxious to protect their employees and clients from the drink/driving laws, also pay for taxis to take employees to and from the place of entertainment.
Read MoreEnsuring clients make the most of the contribution caps is one of the most important parts of tax planning, so what mistakes prevent clients from claiming deductions for personal superannuation contributions?
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