Blog

Feb 14, 2024
No Super, No Life!
I was travelling in Japan on a family holiday recently and browsing a stationary store came across a number of pictures with the caption “No Super, No Life”. This is probably more relevant in ...
Feb 14, 2024
Stage 3 Tax Cuts Vs Proposed Changes
The talk about the stage 3 tax cuts has reached fever pitch in recent days. The changes were originally legislated by the previous government in 2019 with support of the then Labor ...
Feb 14, 2024
Employee Vs Contractors: New Rules
https://youtu.be/vJncIk5yZuc Following on from two prominent High Court decisions in Construction, Forestry, Maritime, Mining and Energy Union v Personnel Contracting Pty Ltd [2022] HCA 1 and ZG ...
Feb 14, 2024
New ASIC Enforcement Priorities 2024
With the end of the year fast approaching, ASIC has announced its enforcement priorities for 2024. While ASIC’s enduring priorities of market integrity, protecting financially vulnerable consumers, ...
Feb 14, 2024
Holiday Homes Not Genuinely Available For Rent
As the traditional holiday period approaches, many individuals may be heading to their holiday properties to celebrate with family or friends or letting their loved ones make use of the properties. ...
Feb 14, 2024
ATO Areas Of Interest For The Coming Year
https://youtu.be/7jooZm0231o As the year draws to an end, the focus of the ATO has moved to the 2024 year. At a recent conference, the Second Commissioner of Client Engagement, Jeremy Hirschhorn, ...
Feb 14, 2024
Employer SG Obligations: Annual Report
Each year the ATO releases a report containing the latest annual statistical results for employer super guarantee (SG) compliance and obligations, and this year is no exception. According to the ...
Feb 14, 2024
Deductions Related To Holding Vacant Land
Deductions for losses and outgoings that relate to holding vacant land on which there is not substantial and permanent structures in use or available for use has been denied since 1 July 2019. ...
Feb 14, 2024
ATO Pauses Debts On Hold Campaign
https://youtu.be/4G-Tqfa0h44 In response to community feedback and perhaps negative commentary in the media, the ATO has announced it is pausing its “awareness campaign around tax debts on ...
Nov 15, 2023
International businesses and GST
https://youtu.be/N6AqclwWpqA?si=3Nmy_1ahx0pB38aH International businesses that have sales connected to Australia over a certain threshold may need to register and pay GST in Australia. This applies ...
Nov 15, 2023
Sharing Economy Reporting regime
The Sharing Economy Report Regime (SERR) has now commenced, for the 2023-24 income year. Only transactions for supplying taxi travel/ride sourcing and short-term accommodation need to be reported ...
Nov 15, 2023
Proposed mechanisms for payday super
Unpaid superannuation is equivalent to wage theft and is detrimental to the retirement income of many Australians. That’s why in the 2023-24 Federal Budget, the government proposed measures to ...
Oct 8, 2023
Targeted super concession changes looming
https://youtu.be/RKiWwEML-vQ?si=dKeX8bN5Rc_VDxbB Click here for more information.     Speak to one of our accountants if you have any questions about the changes in tax for ...
Oct 7, 2023
Have you outgrown your current software?
As your business becomes more complex, so does the requirements of your accounting solution. Small accounting software like Xero or MYOB AccountRight provides basic accounting functionality which is ...
Oct 7, 2023
ATO crackdown on TPAR lodgements
The ATO has reminded relevant taxpayers to lodge their Taxable Payments Annual Report (TPAR) by the annual deadline or as soon as possible. It notes that the deadline for each year is firm and those ...
Sep 4, 2023
Small business bonus deduction: technology investment
https://youtu.be/D5Qxx_sxzxg?si=082-tZwV0repUkUg Small businesses can access a 20% bonus deduction for eligible expenditure incurred on business expenses and depreciating assets for the purposes of ...
Sep 4, 2023
Car expenses: using the cents per kilometre method
The cents per kilometre method is a simple way to work out how much you can deduct for car-related work or business expenses. Only individuals, including sole traders, or partnerships (where at least ...
Sep 4, 2023
SMSF scheme: residential property purchase
With the never-ending increase in Australian house prices, many desperate home buyers are often turning to other, perhaps unconventional, means to secure housing, one such property scheme currently ...