If the accountant and broker are working separately, neither parties will be informed of important details on their end.... read more
The ATO have sophisticated data matching tools which allow to identify any out-of-the-ordinary or ‘too high’ claims.... read more
If your business activity drops my suggestion is to go and talk to your accountant and they should be able to drop the amount per quarter that you have to pay.... read more
Tip-offs to the Australian Taxation Office (ATO) have reached an all-time high with close to 60,000 tip-offs received between June and May 2019.... read more
Similarly to last year, users of the highly popular Airbnb platform will struggle to get away with illegal deductions on their 18/19 tax return.... read more
The popular instant asset write-off for small business has been extended and increased.... read more
It’s particularly frustrating for our small business clients, as they often have work-related car use or take their employees out for lunches or social functions.... read more
From 1 July 2015, the ATO reduced your options for claiming car expenses down to two methods.