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Blog

May 8, 2016
2016/17 Federal budget announcements
The Turnbull led Government delivered its first budget with a number of new initiatives and changes to the current tax policy. The focus is on helping businesses grow and job growth. We have
Mar 29, 2016
Changes from 1 July 2016
Below is a list of changes that are to come into effect from 1 July 2016. These changes were highlighted in the 2015 budget, further changes may come into effect following the upcoming budget on May
Mar 16, 2016
ATO Data Matching Extended To Real Estate Transactions
The ATO has turned its focus on one of the best performing industries in the last three years, real estate. To ensure the ATO has collected its fair share of tax on increasing property prices in
Feb 2, 2016
Predictions for 2016
Another year has passed and this year has already begun with a lot of volatility in the share markets, interest rates are at an all-time low. Here are three of our predictions for 2016: Businesses
Nov 10, 2015
Specialist Startup accountants
Commencing a startup requires a lot of hard work and some luck along the way and if your one of those who have been successful to navigate your business through those lean years then your focus
Oct 7, 2015
SuperStream – What Is It And What Do I Need To Do?
A guide for employers SuperStream is the ATO's standard for paying and reporting superannuation electronically. It requires employers to send super contributions and the matching payment data
May 13, 2015
2015 Federal Budget Summary
The 2015–16 Federal Budget delivered a number of targeted measures aimed at supporting small businesses, encouraging investment and improving flexibility for start-ups. Overall, it was widely
Jun 10, 2014
Budget changes effective from 1 July 2014
The following key tax and compliance changes took effect from 1 July 2014. These updates impact individuals, employers, superannuation funds and businesses, and should be considered when planning for
May 14, 2014
2014 Federal Budget Summary
The message in the lead up to the 2014 Federal budget was the days of entitlements were over and everyone is required to contribute to repairing the deficit. A 2014 Federal budget summary outlining
Mar 13, 2014
Enjoy Your Holiday, Just Don’t Miss Your Credit Card Payment by More Than 5 Days.
On 12 March 2014 (that’s yesterday) new legislation to the Privacy Act has radically changed credit reporting rules in Australia. Prior to these changes, payments that were more than 60 days late
Feb 28, 2014
Increased ATO data matching to occur from 1 July 2014
SmartCompany has reported that from 1 July 2014, the ATO will significantly expand its data matching program to obtain additional information that is not currently available to it. The 2014–15
Jan 21, 2014
Division 293 – Additional tax for high income earners.
The ATO has announced that it will begin issuing notice of assessments for Division 293 tax for the 2012-13 year in early February 2014. The due date for payment of this tax will generally be 21 days
Jan 15, 2014
Summary of tax changes
Happy New Year to all. With a change of Government last year and an unprecedented level of political turnover that saw Australia appoint three Prime Ministers within the same calendar year, it is
Dec 23, 2013
Cash back for employers creating jobs
Businesses paying NSW payroll tax may be eligible to receive up to $5,000 for each additional full time equivalent (FTE) position created since 1 July 2011. Recent amendments to the scheme have made
Dec 13, 2013
Small business’ last chance…….17 day’s left
The countdown to year-end New Year’s Eve is just 17 days away, and while many of us will soon pause to reflect on the year that has passed, small businesses also have an important tax deadline
Dec 3, 2013
ATO’s (x-ray) vision
The Australian Taxation Office (ATO) is rapidly advancing its digital transformation, introducing a range of initiatives designed to reshape how it interacts with businesses and taxpayers. Through
Nov 25, 2013
GST Fundamentals
Understanding GST for new businesses Goods and services tax (GST) is a broad-based tax of 10% applied to most goods, services and other items sold or consumed in Australia. For anyone starting a
Nov 7, 2013
Government scrapping previous tax changes
The new Liberal Government has confirmed that it will not proceed with the majority of tax measures put forward by the former Labor Government. Several of these proposals had been widely criticised