August 3, 2022
The ATO is warning taxpayers not to engage in ‘asset wash sales’ to artificially increase their losses in order to reduce capital gains or expected gains. It cautions that they are a form of tax [...]
August 3, 2022
Income and tax deductions from rental properties is one of the four key areas that the ATO is focusing on this Tax Time.The ATO is urging rental property owners to ensure they carefully review their [...]
July 6, 2022
The key purpose of superannuation is to provide individuals with benefits for their retirement, which is when most people will access their superannuation savings. But, in some cases, individuals may be able to access some [...]
July 6, 2022
Employers need to make STP finalisation declarations by 14 July each year. As your registered agent, we can assist you in this important, upcoming process. If you have 20 or more employees, you should be [...]
July 6, 2022
In the past 12 months, the ATO has identified and taken action against 595 websites impersonating its online services. These fake sites are designed to steal passwords, personal information and identity documents, such as passports [...]
July 6, 2022
The ATO has released a tax time tool kit to assist businesses and us as your tax advisor to nail your 2021/22 business tax return. The ATO has also flagged what it will be focusing [...]
July 6, 2022
The increase to the superannuation guarantee (SG) rate from 1 July 2022 will see more employees (and certain contractors) entitled to additional SG contributions on their pay. But what happens when income earned before 30 [...]
July 6, 2022
In late June, the ATO released their ‘100A guidelines’ provided in respect of the 2021/22 income year (‘Managing section 100A for the 2021–22 income year’). In summary, the guidelines would appear to be a reiteration [...]
July 6, 2022
As the economy emerges from COVID-19, the ATO is re-focusing on debt collection. During the pandemic, the ATO deliberately shifted its focus away from firmer debt collection action to help and assist businesses and the [...]
March 23, 2021
We’ve received notice from QBO, that they are changing payroll pricing from 1 April. Below are the details. Unfortunately free payroll is ending. QuickBooks is no longer supporting free payroll in your QuickBooks Online plan. [...]
This information has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.
