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Expenses you can no longer claim from your rental property
If you own a rental property, the income and expenses relating to that property are recorded in your income tax return. Like with other dedu
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Should I start my Tax return now or wait for May?
Some taxpayers have an extended deadline to prepare their 2017/18 tax return if a prior year return was lodged through a tax agent, or they
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What is the default assessment and how will it impact you.
The ATO has a wide range of options and strategies to ensure taxpayers lodge their tax returns or activity statements on time. When these at
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Tax Agents out of the loop - what ATO correspondence changes mean for you?
In response to sustainability and environmental concerns, the ATO is taking measures to reduce the amount of paper correspondence it sends t
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What is ABN withholding?
ABN withholding occurs when a supplier does not have, or does not advise you with their ABN for the goods or services they supply to your bu
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PAYGW vs PAYGI - Understanding the Difference
The ATO loves acronyms. If you spend any amount of time researching the answer to a simple tax question and become faced with alphabet soup
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Rethinking the role of an accountant.
An accountant is more than a dull person in a suit that enjoys calculators as a Christmas present (jokes… seriously don’t do that). Your acc
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Who to turn to during the Christmas Break?
Many firms in the accounting and finance industries take an extended break over the Christmas/New Year period.
While for most businesses, a
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Is there a standard deduction for car expenses?
The quick answer to this question is: no.
Many tax payers use a car as a part of producing income. By the logic of the Income Tax Assessmen
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What is the ASIC Annual Review?
Not everyone is good at remembering birthdays. On the anniversary of your company registration, it may seem like ASIC will give your company