Our Latest Accountancy News

Hospitality Venue Christmas decorated Tables

Hospitality Industry | Are you Christmas ready?

November 12, 2019

Blog, christmas, Hospitality, Small Business

A Christmas message to those who are working over the festive season: While most are winding down for the year and planning for a little R & R, the hospitality industry is gearing up to service those needs! Add this to the already high demand of a fiercely competitive sector, tight margins and increased compliance…

Little Boy Holding Painted hands up to his face

Autism Awareness | Supporting Our Community

November 1, 2019

Emma Zajac

General

Awareness, Charity, Community, Discussion, Promote, Support

Here at The Garis Group, we enjoy supporting our community in any way possible. Even more so when it coincides with causes close to our client’s hearts. One such cause is Autism Awareness. The Garis Group have had a long association with Steel City Financial Planners and the Finlay family who have partnered with the…

Payphoria | The Emotional Highs and Lows of Payday

October 30, 2019

Emma Zajac

General

Payday, Payphoria, Small Business, Xero

For many of us, the payday rollercoaster is all too familiar. From the growing panic that builds when the countdown is on, to the soaring joy (not to mention relief) that hits as soon as the big day arrives – we tend to have a huge emotional and psychological response to our earnings. Exploring payday…

News | ATO Sounds Audit Warning as they Clamp Down on Dodgy Claims

October 2, 2019

Emma Zajac

Information

ATO, Audit, Claim, Tax

The Tax Office says it will be scrutinising every tax return lodged this year as it continues its crackdown on illegitimate claims. ATO assistant commissioner Karen Foat said the Tax Office contacts around 2 million taxpayers each year to clarify information on their tax return, but said there was nothing to fear if they…

Couple searching online for an Accounant

How to choose an Accountant

September 11, 2019

Emma Zajac

General

Accounting, Bookkeeping, cashflow, Retirement, Tax, Wealth

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…

Tip Tuesday | Top 10 questions you need to be asking your accountant

September 3, 2019

The Garis Group

Information

accountant, Questions, Tip Tuesday, Tips

Whether you have an accountant already or you are completely new to the idea, this ones for you… If you rely solely on free or inexpensive accounting tool or advice, instead of a trained professional accountant, it could be a costly mistake for you or your business. Investing in a professional accountant that has the…

Middle Aged Woman Reading Letter concerned

ATO’s ominous “data matching” letters, what to do if you get one!

August 15, 2019

Emma Zajac

Information

ATO, Claim, Lodgement, Tax, Taxation

Australian taxpayers unlucky enough to receive one of the ATO’s ominous “data matching” letters this year are being urged to act quickly or face being thousands of dollars worse off. The tax man uses sophisticated technology to sift through mountains of data from third-party institutions such as banks to sniff out whether any information, such…

Middle Aged Couple looking at legal paper and laptop regarding their trust fund

Blog | Who Owns the Assets of a Trust?

August 14, 2019

Emma Zajac

Case Study, Insight

Assets, ATO, Case Study, Tax, Trusts

It’s not uncommon for people to put assets such as their family home into a trust, particularly professionals working in litigious fields or family groups wanting to protect assets. A recent case highlights some of the tax problems that can occur. The taxpayer in this case had become the owner of their main residence as…

Tip Tuesday | Hospitality tax deductions: Are you claiming everything you’re entitled to?

August 13, 2019

Emma Zajac

General

Hospitality, ITR, Tax Return

Hospitality tax deductions can put a big chunk of your hard earned cash back in your pocket – but too often we hear of individuals in this industry say “I didn’t know i could claim that?” Whether you’re a waitress, event manager, barista or mixologist, hospitality is not an easy field to work in. Endless…

New Laws for Super, Insurance and Exit Fees

August 7, 2019

Emma Zajac

Self-Managed Super Fund

SMSF, Super, Superannuation

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…

Hospitality Industry | Are you Christmas ready?

Autism Awareness | Supporting Our Community

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

Tip Tuesday | Top 10 questions you need to be asking your accountant

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

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