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
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
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
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
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
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
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
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
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
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
