Managing payroll is an important part of running your business – especially during the holidays. Your employees may get bonuses or be paid overtime, or you may need to take on extra staff to keep up with demand. Find out how to manage your payroll properly and avoid unexpected surprises. 1. Account for the…
Hospitality Industry | Are you Christmas ready?
News | ATO Sounds Audit Warning as they Clamp Down on Dodgy Claims
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!
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…
Laundry Expenses Hung Out To Dry
The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses warning that it is closely reviewing claims. “Last year around 6 million people claimed work-related clothing and laundry expenses, with total claims adding up to nearly $1.8 billion. While many of these claims will be legitimate, we don’t think that half…
60, 000 Tax Cheat Tip-Offs
Tip-offs to the Australian Taxation Office (ATO) have reached an all-time high with close to 60,000 tip-offs received between June and May 2019 – almost double the number of the previous year. The ATO thinks the number of tip-offs will reach around 70,000 for the full financial year. Common problem areas that people feel…
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…
Tip Tuesday | Bookkeeping To Grow Your Business!
Accountants help keep your finances in order but bookkeepers play an important role too. So what’s the difference between a bookkeeper and an accountant? And how can a bookkeeper help you run your business? Bookkeepers and accountants are not the same If you’re a small business owner, you’ll be familiar with juggling several…