Blog

For the past 3 months we have been building a mobile application for your smart phone and/or tablet that has a lot of useful and up to date information all in the one place and it has now been launched! No more google searching or going to different websites trying to...

Are you with First Super or thinking about setting up an account with them? THINK AGAIN! We could not advise against this more if we tried! You might be able to transfer your super to them at the click of a button, but should you decide to withdraw it, the word...

Just a reminder that due to the Christmas period everyone receives an extended lodgment and payment period for their December 2016 BAS. Regardless of whether we lodge your BAS for you or you lodge it yourself, you have until February 28, 2017 to lodge and pay.  If you...

On Wednesday 23 November 2016, both Houses of Parliament passed two superannuation bills which included the proposed superannuation reforms outlined in the 2016 Federal Budget and subsequent changes released in September 2016. The two bills, The Treasury Laws...

After a short break out of the office, we're now back on board feeling very refreshed and ready to sink our teeth into some work! If you have any queries you've been holding on to for the past few days feel free to shoot us an email or give us a call, we'll be there!

In case you're trying to find us before we have our signage installed, we just wanted to let you know we've moved across the hall! You can now find us in the same building, on the same level, but just across the hall in Suite 10, looking much bigger and fancier (and...

If you're thinking about, or are in the process of setting up your new MYOB file, please be aware that you need to enter the conversion month as the month PRIOR to the month you wish to start entering data. For example, if you want to start entering data for January...

MYOB have recently added AMEX to their list of credit cards that can be set up for automatic bankfeeds. Bankfeeds are a great time saver (and we highly recommend them) and we have now set this up for our own AMEX in UNDER A MINUTE! It was nice and easy! There is a...

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...