As Accountants we’re renowned for liking numbers. So, what better way to feed our addiction than by looking at how us, as Australians pay tax. The Australian Bureau of Statistics has recently released the…..
SMSF late lodgement
You may want to re-think lodging your SMSF tax return late.
Lodging your self-manage super fund (SMSF) annual return on time is a fundamental part of your obligations as an SMSF trustee…..
BAS Statements
Why don’t I receive my paper BAS anymore?
We often get our clients asking why their paper Business Activity Statements (BAS) has stopped being sent to them. There may be a couple of reasons…..
Are you claiming 5,000 km work related car use?
Each year approximately 870,000 tax payers claim the maximum amount of kilometres for work related travel using the cents per kilometre method. With the ATO looking…..
Vacant land – no longer a tax deduction…but not just yet!
In July 2019 new legislation was introduced to Parliament to limit the ability to claim a tax deduction for the holding costs on land. The legislation was passed….
Do you have only one asset type in your SMSF?
Last week the ATO sent out over 17,700 letters to taxpayers who operate a Self Managed Superfund (SMSF) which holds 90% or more of its funds in one asset…..
Can I claim that as a tax deduction?
With the new tax season upon us, we understand that our clients are eager to have their tax returns. These included non-allowable items such as….
2019 Tax Return Process
With the new tax season upon us, we understand that our clients are eager to have their tax returns completed and processed….
Rental Properties
ATO Tips & Mistakes to avoid when declaring the income and expenses on your rental property this financial year.
Are you entitled to $1,080 from the ATO?
We’ve all heard a lot in the media recently about the governments ‘cash’ refund for taxpayers who earn up to $126,000 in the 2019 financial year. It’s been so widely publicised it’s caused a flurry…..
