Posts

New ATO Powers - International Exchange of Tax Information

We urge all of our clients to ensure you carefully check and disclose all foreign income (both here and abroad), now that new global reporting standards have recently commenced. The Common Reporting Standard (CRS) is the single global…

Tips for clients during WORK RELATED CAR EXPENSES crackdown

The ATO has warned that they will be paying close attention to claims for work-related car expenses this year and is reminding people to keep appropriate records. It reports that over 3.75 million people made a work-related car expense claim…
ATO inspection small business tax compliance

ATO visiting businesses soon

The ATO recently announced that their inspectors will be visiting around 400 small businesses with "ready access to cash" over the coming weeks. This includes businesses such as restaurants, cafes, hair and beauty salons, and building and construction…
New tax tables October 2016

What do the new tax tables mean for you?

The Australian Tax Office (ATO) have released new tax tables that took effect on 1 October 2016. Whether you pay wages or receive a regular wage, here are some tips to help you adjust to the changes. It’s been a turbulent few months behind…
Brisbane Business Accountant - home office expenses

Claiming home office expenses in your 2016 tax return

Many people aren’t aware that they can claim home office expenses.  Whether you’re self-employed, a business owner or an employee - do you perform some of your work from home? If you do, here is a quick summary of the tax rules, and what…
Brisbane Business Accountant - EOFY tax tips

Last Minute 2016 EOY Tax Minimisation Tips

The end of another financial year is upon us! As a business owner, there are many obligations that you need to consider and action just before and just after 30 June. Some of these will help to minimise your tax. To help you remember…
Brisbane Business Accountant - Saving tax and minimising GST

How to save tax and minimise GST before 30 June

By Wally Djachenko The opportunities for end of year tax planning are almost gone.  30 June is just around the corner, and once that day comes, unfortunately there’s little you can do but count your pennies and add up your receipts. As…
Brisbane Business accountant upcoming dates for SMEs

Upcoming Due Dates – Tax & Compliance Lodgements – May 15

As at 15 May 2015 – Selected Upcoming Due dates for Tax & Compliance Lodgements (not comprehensive – contact us if you have lodgements not shown here to double-check the due dates). 15 May 2015 2014 income tax returns - for all entities…
Brisbane Business Accountant - Trusts and penalty tax

Trusts could pay Penalty Tax

Over recent years the compliance requirements for trusts have tightened considerably. Neglecting these requirements could mean paying more tax or penalties. Distributions determined by 30 June All trust distributions must now be documented…
Brisbane Business Accountant - tax and compliance help

Upcoming Due Dates – Tax & Compliance Lodgements – July 14

As at 14 July 2014 – Selected Upcoming Due dates for Tax & Compliance lodgements (not comprehensive – contact us if you have lodgements not shown here to double-check the due dates). 14 July 2014 Individual PAYG Summaries - Due date…