On 21 April 2015, the Australian Taxation Office (ATO) gazetted a notice advising that it will be requesting and collecting online selling data relating to registrants that sold goods and services of a total value of $10,000 or more for the period from 1 July 2013 to 30 June 2014. This acquired data, which will Read More…
Cloud Computing
Friday 24 April, 2015 by
The interest in cloud computing has grown signinficantly and we are seeing an ever increasing number of businesses shift to cloud based solutions. This shift to cloud computing has helped businesses to reduce costs and increase flexibilty. Working with businesses of all sizes, the benefit of cloud computing is in the access to real time information. Read More…
ATO – are you ready for an Audit
Wednesday 8 April, 2015 by
As a taxpayer, you mustn’t forget it is your obligation to ensure that your tax return is correct. You cannot just assume that by using the services of a Registered Tax Agent to prepare & lodge your tax return, that your obligations are reduced. In recent rulings, the ATO has emphasised that taxpayers cannot use the Read More…
SMSF’s & Illegal Activities
Wednesday 1 April, 2015 by
With the number of self-managed super funds growing by the day, SMSF’s are being targeted by scammers who want your money. An offer to help you get your superannuation money early might seem like a great idea. But if you agree to it you could end up in a lot of trouble. Accessing your super Read More…
Minimising Tax
Friday 27 March, 2015 by
With the end of the 2015 tax year fast approaching us, it’s that time of year again when people start looking at different ways to minimise their tax. I would suggest that this search for a tax-effective investment be taken with caution as it also brings with it a risk of increased ATO scrutiny. There are different Read More…
ATO news July 2014
Monday 7 July, 2014 by
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
Tuesday 24 June, 2014 by
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
Monday 9 June, 2014 by
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…
Federal Budget highlights
Friday 16 May, 2014 by
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…
