tax return

How Is The ATO Helping Us?

By |2020-03-25T22:00:39+10:00March 20th, 2020|Tax|

How Will the ATO Help Us During this Time? The ATO is offering up all the goodies to help small business owners: Reversed Interest and Penalties. Flexible Payments. PAYG I Refunds, and PAYG W Credits. Their #1 priority is keeping cash flowing both in and out of individuals and businesses's hands, as well as keep Australians employed and working. Monthly BAS Option for Quarterly BAS Lodgers This is helpful if you usually get refunds when lodging your BAS. The ATO will also allow quarterly [...]

Stimulus Support for Businesses

By |2020-03-21T00:15:36+10:00March 20th, 2020|Business, Tax|

Federal Government Support: Cash Flow & Employment It's all about cash flow assistance and support in keeping Australians employed and working. The Australian Government is supporting Australian businesses to manage cash flow challenges and retain employees during the Coronavirus health crisis. The federal package is front-loaded, meaning a burst of money comes at the start – $11 billion over the next three months. Here are the highlights:  $750 one-off cash payment to welfare recipients will be received by 6.5 million Australians including those on [...]

Stimulus Support for Individuals

By |2020-03-21T00:19:01+10:00March 19th, 2020|Tax|

$750 One Time Payment for Individuals From the Federal Government. Stimulus Payments (subject to the passage of legislation).  What's the $750 Payment All About? The Federal Government will provide a one-off $750 payment to around 6.5 million social security, veteran and other income support recipients and eligible concession card holders. Around half of those that benefit are pensioners. This payment will help to support confidence and domestic demand in the economy. There will be one payment per eligible recipient. That is, if a person qualifies [...]

The $1080 Tax Cut Explained

By |2019-07-04T07:19:40+10:00July 4th, 2019|Tax|

What the $1,080 Tax Cut Means for You We want to be the FIRST to give you the low-down on this massive tax cut that will more than likely mean a bigger refund in your pocket!   Australians earning up to $126,000 will get “tax relief” packages of up to $1,080. If you’re earning up to $37,000 you’ll get up to $255.   And if you’re earning between $37,001 and $47,999 you’ll receive between $255 and $1,080.   If you’re earning between $48,000 and [...]

9 Sneaky Tax Deductions You Can Claim as a Business Owner, Student or Employee

By |2019-07-01T05:09:36+10:00June 29th, 2019|Business, Tax|

"What can I claim on my tax return?" - is one of the most common questions we get asked as tax accountants. So we thought we'd share a few commonly misunderstood or missed deductions that you may have forgotten about! 1. Home Office Allowance If you thought working in the comfort of your own home, wearing your pyjamas, and sipping that coffee that didn’t (Or did...) cost you $6 from your local coffee shop was living the life, then think again! Because it can [...]

2 Changes for Business Tax in the New FY That You Need to Know About

By |2017-08-07T03:58:53+10:00June 28th, 2017|Tax|

Each new financial year, there will be changes introduced by the Australian Tax Office that affect individuals and businesses in many different ways. Last year, there were a whole host of changes that caused a bit of chaos - thankfully, settled down now and all under control. In the next few weeks however, there are some more changes coming - from July 1 - and while there aren’t many, they will be quite significant for businesses at a certain growth stage. The definition of small [...]

5 Easy Deductions That Businesses Often Miss

By |2018-10-16T09:43:44+10:00June 19th, 2017|Tax|

When it starts getting close to the End of the Financial year, many businesses have a freak out about all the expenses they *forgot* to claim throughout the year, didn’t keep receipts for, or perhaps just didn’t pay attention to. We decided to compile a list of five easy deductions that you can still claim - or at least start doing so from the start of the next financial year! Coffee Catchups with Clients If you’re meeting clients or customers and spending money to do [...]

Get Organised Now to Get Your Tax Return Dollars Faster in the New FY

By |2017-08-07T04:33:56+10:00May 4th, 2017|Tax|

Every year - tax time is a rollercoaster of emotions. People get so excited at the prospect of #refunds because well, FREE MONEY!! Yas. (When really it’s kind of a loan and you’re just getting your own money back… but anyways!) Then they remember all the paperwork, and receipts they needed to collect but haven’t, and the mood sobers up again. We’re here to help you avoid the rollercoaster - get prepared earlier and not only will you be seriously stoked with yourself for being [...]

Is Your Tax Agent Registered?

By |2017-08-07T04:37:09+10:00April 11th, 2017|Tax|

Did you know tax agents go through YEARS of tax law training and then must have several years of experience under their belt before registering with the Tax Practitioners Board as a Tax Agent? Don't get caught up in a scam! Look for the tax agents official registered symbol. We each have our own! The Tax Practitioners Board issues registered tax agents each with their own individual symbol. We use the symbol in all our client correspondence and our advertising, so you can rest assured the tax [...]

Superannuation Change is Near

By |2018-10-16T04:02:52+10:00April 1st, 2017|Superannuation|

The tax year commencing 1 July 2017 brings a list of extensive changes to superannuation. Do the superannuation changes affect you? "Most of the changes to the superannuation (super) system will commence from 1 July 2017. These changes are design to improve the sustainability, flexibility and integrity of Australia's super system. Your super is your future – check to see if you are directly affected, or what these changes may provide for you to maximise your savings for retirement. Detailed information is available to help you [...]

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