Payphoria | The Emotional Highs and Lows of Payday
News | ATO Sounds Audit Warning as they Clamp Down on Dodgy Claims
How to choose an Accountant
Choosing an accountant can be one of the most important decisions in your life. If you are thinking about starting a business; or 3 years behind on your personal income tax returns; or planning to build your wealth for retirement – choosing the right accountant can have a huge impact on your success! Deciding on…
ATO’s ominous “data matching” letters, what to do if you get one!
Blog | Who Owns the Assets of a Trust?
Tip Tuesday | Hospitality tax deductions: Are you claiming everything you’re entitled to?
New Laws for Super, Insurance and Exit Fees
From 1 July 2019, new laws commenced preventing superannuation providers from eroding member balances with unwanted or unnecessary insurance and exit fees. Plus, inactive accounts with low balances are now moved to the ATO to try and unite the unclaimed super with its owner. These changes do not apply to self-managed superannuation funds or small…
Tip Tuesday | The Tradies Tax Deduction Checklist
As we begin to complete our tax returns, individuals may or may not be aware that business related expenses incurred are subject to tax deductions. If your employer does not reimburse their employees for these expenses, then the construction worker can deduct those items. Let’s take a look at a few tax deductions that…
Tip Tuesday | Top 10 Tips to Help Rental Property Owners Avoid Common Tax Mistakes
Whether you use a tax agent or choose to lodge your tax return yourself, avoiding these common mistakes will save you time and money. Apportioning expenses and income for co-owned properties If you own a rental property with someone else, you must declare rental income and claim expenses according to your legal ownership of…