The best way to approach and save for retirement will vary, but these are the basic building blocks that should be included in everyone’s retirement plan. Start Early. The majority…Read More
AUSkey Fraud Alert The ATO have recently detected cases of identity thieves fraudulently obtaining AUSkeys linked to legitimate businesses. Once an Auskey has been allocated, access is gained to the…Read More
The federal government is reviewing the rules and regulatory requirements in the tax act, which deals with tax deductions for expenses for non-compulsory uniforms. The Treasury paper gives several options…Read More
When selling a gift voucher it is important to know when to report the GST for the gift voucher on your activity statement. If you sell a gift voucher which…Read More
Bingeing on Christmas expenses. It’s easy to fork out too much at Christmas. If you are splurging on clients, to be a legitimate business expense and therefore deductible, the expense…Read More
Uber is calling for drivers, Airbnb is seeking more hosts but what are the implications of becoming part of the sharing economy? The basics of tax apply regardless of how…Read More
This is an important update for all businesses with payroll. The ATO have announced that from 1st October 2016, some tax tables will change. You must ensure that you use…Read More
There is over $11.7 billion in lost super sitting with the Australian Tax Office (ATO) and Mackay in QLD is responsible for $49,256,340 of it. While Mackay and its surrounding…Read More
It’s the beginning of a new financial year so let’s get you thinking about the leaky tap that is your cash flow and how to stop living on a day…Read More
Ever wondered why some people seem to get many benefits in their job that normal people just don’t get. We all know that government workers can salary sacrifice to a…Read More
So the boom has ended and now a recession has been predicted, but why? There is a multitude of reasons, but major businesses have been reluctant to invest which is…Read More
As normal, the ATO is cracking down on certain occupations and particular deduction categories. These are the areas that the ATO is targeting: 1) The occupations getting most attention will…Read More