The importance of Insurance

If you are like most Australians, insurance is one of those things which can be put off for another day. But another day might be one too late. Most people don’t understand the need for the right insurance until a friend or family goes through a serious illness or death, when the reality of not Read More…

Businesses – Protect Your Identity

How identity crime affects businesses Identity thieves can take your details by: breaking into your business and stealing your records taking a photo of your business or employee details stealing your passwords, account logins and AUSkey. Identity thieves can use your stolen identity to: create fake businesses and commit refund fraud in your name take Read More…

MOVEMBER

Hi everyone, It’s that time of year and I am growing a MO again this year to support MOVEMBER. Last year I was very humbled by everyone’s support, and it meant a great deal to me that you were all part of the journey and gave me encouragement along the way. Our team “DOJOMO” is Read More…

Paying off your home loan sooner

We all know the most common ones: 1. Pay off quickly 2. Pay fortnightly instead of monthly 3. Make payments at a higher interest rate amount 4. Consolidate your debts 5. Abandon minor luxuries 6. Switch to a new loan or lender with a more suitable rate and package What about some others that we often don’t think about? 7. Use Read More…

Investment Properties & Tax Depreciation

As the owner of an investment property you’re entitled to claim depreciation on your building and its fixtures and fittings. Claiming depreciation is a significant taxation benefit, and one which many investors are unaware of. As a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) Read More…

ATO news July 2014

Below are some important new services and advice from the Australian Tax Office. If you wish to discuss any of these further, please contact our office. ATO warning on 2013/14 work-related deductions This tax time the ATO says that, in relation to work-related expenses, it will not be limiting its attention to certain occupations. Instead, particular attention Read More…

Small Business Tax Changes in 2014

Here are some tax changes in 2014 that will affect Small business owners. Each small business’ circumstance will vary for end of financial year, and to this extent please contact our office for further information. 1. Individual tax rate changes from 1 July 2014 From 1st July 2014, those earning $180,000 and over will be taxed Read More…

Tax Tips 2013/14

Tax Planning Strategies to Reduce your Tax As the tax you pay depends on your taxable income, increasing your tax deductions before the end of June is definitely a way to reduce your tax. With the 2013/14 end of financial year fast approaching, here are some tips you can use to minimise your tax: – Read More…

SuperStream

Important changes to how you pay Superannuation are coming – are you ready? Businesses employing 20 plus staff need to comply with the new SuperStream standards from 1 July 2014, but those businesses employing up to 20 staff will have a further 12 months until the new standards become mandatory. What is SuperStream? SuperStream is Read More…

Federal Budget highlights

As a local tax accountant in Burwood, I am loking forward to outining the important features of the Federal Budget. If you would like to discuss this or any other matter, please do not hesitate to contact us. Below is a summary of the key features and how they could affect you Medicare levy low Read More…