Blog
Superstream – requirements and ATO audit risks
 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...
10 economic predictions for the future
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 Building & Construction Industry – Contractors Deemed as Employees
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...
Office Closed December 23 – January 5
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...
Why do I pay so much tax?
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. ...
SMSF Property achieves a 47 – 59% higher return than individual ownership!
Our firm recently attended a high level seminar about SMSF's and Strategies for Super and IÂ 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...
Pay Super for Owners & EMPLOYEES before 30 June, 2015
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...
DONT BE FOOLED!
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...
DEBT COLLECTION SCAM ALERT!
We have recently been made aware of a company called MORGAN TAX COLLECTION OFFICEÂ 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...
Need an Accountant in the Northern Beaches?
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...