Payphoria | The Emotional Highs and Lows of Payday
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…
Tip Tuesday | Hospitality tax deductions: Are you claiming everything you’re entitled to?
Superannuation Changes Coming July 1st
An alarming stat shows how many Australians have no idea about a major change coming on July 1. And it could leave you without life insurance. Australians could be left stranded without life insurance on July 1 when a little-known but significant change to superannuation is enforced. Most are unaware their superannuation has a…
Tax time: Are you in the ATO’s sights?
A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect greater scrutiny where their claims are more than what is expected. We take a look at the key issues for you, your business and…
Blog: International Women’s Day: Has anything changed?
Women and girls make up just over half (50.7%) of the Australian population. While women comprise roughly 47% of all employees in Australia, they take home on average $251.20 less than men each week (full-time adult ordinary earnings). The national gender “pay gap” is 15.3% and it has remained stuck between 15% and 19% for…
Blog: I’ve been targeted by the ATO for a tax audit. What should I do?
Welcome to the club! The first thing you should do is not panic – being targeted doesn’t mean that you’ve done something bad, it just means that the ATO needs to verify details of your tax return submission to make sure you haven’t claimed incorrectly. In fact, you are far from alone. The ATO has…
Tip Tuesday – How To Start A Personal Services Business
As our population ages, more and more entrepreneurs are seizing the opportunities in the Aged Care and other Personal Services industries. In particular, the Hunter Valley and Central Coast are growing fastest in the 70+ age bracket across NSW. This strong growth in the higher age brackets is leading to a sharp increase in demand…