For some people the wait for their expected tax refund can seem to drag out! Many people are under the impression that once their tax return has been lodged via their tax agent that the refund is immediate, unfortunately this is not the case. We are seeing the ATO take…….
Australian Taxation Office Rulings
As of 1 July 2018, the Commissioner of Taxation has determined that the rate for work-related car expenses to be 68 cents per kilometre. The new rate remains applicable to subsequent income years until such time as the Commissioner determines that it should be varied. This determination applies to…
Did you know…..??
Like you, our clients, Initiative also has to meet specific lodgement targets with the ATO. These targets are reported to us by the ATO and outline our performance for the year. The most important thing to our tax agent status is our clients’…….
Xero Tips & Tricks
Here at initiative we are all about working smarter not harder. One way we do that is by embracing
cloud-based technology, like accounting/bookkeeping software Xero. Here are our top 5 tips……
SMSF’s and the new reporting requirements
If you operate a Self Managed Super Fund (SMSF) and are either in pension phase,
approaching pension phase or making changes to your pension, then these new……
Run a Business in the Construction Industry?
If you run a business in the construction industry and pay contractors for building and
construction services, then you must lodge a Taxable Payments Annual Report (TPAR) with
the ATO.
Are you ready for 30 June 2018?
As the end of the financial year draws near, have you considered all your tax minimisation strategies available to you and your business?
Bookkeeping – it’s not just data entry
When it comes to bookkeeping, understanding our client’s business and how it runs is paramount to providing the best …….
Want to grow your business?
Any type of business owner will consistently want to achieve growth, profitability and value in their business, but few actually know……
2018 Federal Budget
PayroScott Morrison, the Federal Treasurer, delivered his 3rd budget tonight. Our good friends at Wolters Kluwer have kindly provided us with a quick reference guide…..