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Taxation

ATO Launches myDeductions Tool to Application

September 4th, 2015

The ATO has recently launched a new feature to its application: the myDeductions tool. The tool aims to provide a more convenient, organised and easier way of recording and storing receipts for employees who are claiming work-related expenses. Work-related car, travel, uniform, self-education and home office expenses are some of the fees that can beread more

Government Grants For SMEs – Have you got one?

August 21st, 2015

R&D Tax Incentive Is your company turning over under $20M, been undertaking Research and Development (R&D) expenditure in the financial year ended 30th June 2015 and trading at a loss? You can receive a cash refund, calculated at 43.5% of the R&D expenditure within 30 days of lodging the company’s income tax return. If youread more

PAYG Payment Summary Statement Reminder

August 12th, 2015

The Pay As You Go (PAYG) payment summary statement along with the originals of all the payment summaries you issued for the financial year make up your PAYG withholding annual report. Use this form by inserting the relevant financial year (this form can also be used for prior financial years). Once the form is completed,read more

2015 Taxable Payments Annual Report for the Building and Construction Industry

August 7th, 2015

The 2015 Taxable Payments Annual Report is due on 28 August 2015 for those who are in the building and construction industry who pay contractors for building and construction services. The total amount of payments made to each contractor must be reported each year by businesses in the industry. The aim of the taxable payments reportingread more

Tax Time – Friendly Reminder

August 4th, 2015

With 30 June well behind us it's time to collate your tax records to ensure ATO (Australian Taxation Office) deadlines are comfortably met. Although not yet due, there are advantages of preparing your tax return now, even if we don't lodge it straight away. The reason could be: To get your tax refund To budgetread more

Join the Freedom! Freedom Roadtrips – Your Trip of a Lifetime

July 26th, 2015

Freedom Roadtrips caters to motorcycle enthusiasts who want to experience a riding holiday in the USA but don’t have the time to organise and plan the minute details that usually come with planning trips especially those involving travels overseas. The business is the brainchild of our long-time client, Greg Smith. A cross country ride inread more

Tax Time – Before 30 June is the Key

June 12th, 2015

Are you interested in putting together a tax plan or just looking for extra ideas for tax time? To assist with finding the bit most relevant to you in reading this planning document, we have divided the topics into: General year-end tax planning tips; Business year-end tax planning tips; Individuals year-end tax planning tips; Year-endread more

ATO Audits – Are you at risk?

May 25th, 2015

With the end of another financial year nearly upon us and thoughts turning to our next income tax returns, it is timely to consider what factors may trigger an Australian Taxation Office (ATO) audit. In recent years, the ATO has implemented sophisticated data matching technology and is better equipped than ever before to scrutinise financialread more

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