News

Single Touch Payroll (and all the surrounding panic) Is Here

Single Touch Payroll is here for those small businesses with 20 or more employees. It is due to come in for those Employers employing 19 people or less from the 1st July 2019.

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Single Touch Payroll (and all the surrounding panic) Is Here

Cash Payments Are Holding Your Business Back

Are you missing out on customers because you still think “cash is King?”

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Cash Payments Are Holding Your Business Back

Always Start With The End In Mind

If the business starts burning down, what's your escape plan?

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Always Start With The End In Mind

It’s Time For Global Sincome Tax

Small Business People have been looked down upon for far too long. They need a chance to stand up against the multinational giants.

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It’s Time For Global Sincome Tax
( Posted in: Tax )

Australians Pay $107,000 To Tax Scams

The ATO has been made aware of fake tax agents who are conning members of the public and making them believe that they owe debt.

The scam has taken the form of a cold-call, with fraudsters phoning victims and convincing them into giving information about their finances and current tax agent.

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Australians Pay $107,000 To Tax Scams
( Posted in: Tax )

Utilising Redraw For Your Investment Property

My client, let’s call her Rachel, is planning on moving into this property for one to two years and renovating it during that time, before moving on to her next property and renting this one out.  There are many things to think about when getting a mortgage but I am only going to look at the potential tax effects of different loan structures.

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Utilising Redraw For Your Investment Property
( Posted in: Property )

ATO Detects Over $53 Million Worth Of Tax Time Errors

The Australian public has lodged nearly six million tax returns already this year, with over $11.9 billion in refunds processed, which is $270 million more compared with the same time period last year.

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ATO Detects Over $53 Million Worth Of Tax Time Errors
( Posted in: Tax )

Every Three Year SMSF Audits – A Ludicrous About Face

SMSF Auditors now must: be registered with ASIC; be registered with the ATO; have enormous amounts of regular professional updates; and also be audited by their peak professional bodies, such as the Chartered Accountants ANZ and CPA Australia.

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Every Three Year SMSF Audits – A Ludicrous About Face
( Posted in: SMSF )