Blog

From 1 July, 2016, all employers will be required to report to the government, when they pay employee superannuation. This can be done via a commercial clearing house, or direct with the ATO for small businesses with turnover under $2 mil. The process is called...

The Reserve Bank of Australia Governor, Glenn Stevens, has a few thoughts on predicting the economy's future. To understand the business future, Glenn Stevens urges us to pay less attention to small changes in forecasts and more attention to 'the big forces at work'....

Workers Compensation is essentially another tax, or at least a financial burden on small business. For those in the construction industry, Workers Compensation is especially burdensome due to the high rates/premiums charged (it is not so much an issue for...

Our last working day is next Tuesday, December 22 and we will return to work on Wednesday, January 6. Thank you for your support this year. Whether you are going away or staying at home, enjoy your holidays, enjoy your drinks and food, enjoy your families and stay...

I get asked this question constantly. Please see below the comments made by the Treasurer, Scott Morrison in the weekends paper which might help answer this one for you.                            ...

Our firm recently attended a high level seminar about SMSF's and Strategies for Super and I wanted to share with you the results of a most interesting case study. The study compared the after tax profit of buying, owning then selling an investment property, in an...

To claim a tax deduction for super for the 2015 year super expenses need to be physically paid before 30 June, 2015. Often, owners are aware that they need to make super top ups for themselves before the end of the financial year but will make payments for other...

We all love that bit of extra cash when we get our tax refunds but when an email comes in claiming to be from the ATO offering you an extra refund it's time to IGNORE & DELETE! Following on from our previous post, we have recently come across an email advising...

We have recently been made aware of a company called MORGAN TAX COLLECTION OFFICE that is trying to have clients provide personal details regarding payment of their outstanding Income Tax and Integrated Client Account balances. After speaking with the ATO we have...

After a few moves around North Sydney, we have now settled in and had our Belrose office open for the past 9 months. Greg Sharpe is back in his original office in Narabang Way servicing clients in the Northern Beaches, Inner and Northern Sydney Suburbs and the...

Not so great with setting goals and planning for your franchise or business? Peter Knight and Kate Groom from the Franchise Accountants Network have recently provided us with a great article with tips on how to do just that! Click on the link below to find out how...

During 2014 the ATO stopped mailing out paper copies of BAS and IAS forms to taxpayers once they lodged just one form electronically. If we have lodged your BAS or IAS for you recently, or we have done an amended BAS whilst doing your year end accounts, or you ask us...

I would like to congratulate Tahlia, our Office Manager, on completing her Diploma of Management. Both the firm and its client's appreciate the new skills and support capabilities that she brings to the team.

Just letting you know our office will be closing for the Christmas break from Wednesday 24, December 2014 and will re-open Thursday 8, January 2015. Thank you for working with us this year and we hope you get the chance to take some time off, relax and spend time with...

ATO Assistant Commissioner Michael Hardy has recently given tax agents some insights on the ATO's strategy on the cash economy, particularly in light of recent 'door to door' visits in the Haymarket area of Sydney (Yes, they rocked up at businesses and started asking...

For those clients in the building and construction industry who have to lodge a Taxable Payments Report with the ATO, if you have MYOB version AccountRight 2013.1 or later you can now lodge this report electronically. You need to ensure that the sub-contractor has a...

The ATO has recently changed its methods of lodging EMDUPE files. Unlike previous years, you can no longer lodge these files on a disc, they must now be lodged electronically. You may have received a letter from the ATO explaining this and how to lodge you EMDUPE file...

All superannuation contributions must be paid by 30 June 2014 to claim a tax deduction this financial year. If it is not paid by 30 June 2014 the due date is 21 July 2014. Remember, if your superannuation is not paid by the due date then it is not deductible at all....

he ATO has just released the Super thresholds which will apply in respect of the 2014/15 financial year. Please continue reading to find out how these new thresholds may benefit you! Concessional (tax deductible) contributions cap - increased to $30,000 from...

Thank you for your assistance with our survey at the end of last year. We will use the results from this to improve our service. We were glad to hear that when asked 'How professional is our company?' 77% of clients said extremely professional and when asked 'How...