Latest Accounting News

Latest Articles

• Estate planning considerations
  Estate planning is a complex area which requires careful consideration of tax implications.
• 5 checklists to support your business
  Find the list of tasks to be done in your business or reminders you need to know about.
• Are you receiving Personal Services Income?
  Do you earn personal services income (PSI)?
• What Employment Contracts Does My Small Business Need?
  As a small business owner, you may be looking to recruit employees in a variety of capacities and for a range of purposes.
• The superannuation changes from 1 July
  The super changes on the way from the start of the 2024-25 financial year.
• Hasty lodgers twice as likely to make mistakes, ATO warns
  The Tax Office is warning taxpayers against rushing to lodge their tax returns on 1 July.
• Landlords who ‘double dip’, fudge deductions in ATO crosshairs
  The Tax Office has warned taxpayers to revise deduction rules and maintain proper records.
• Most Spoken Languages in the World
  Check out the Most Spoken Languages in the World
• Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds
         
• Compare your business
  All too often a small business operates as an ‘island’, not knowing how they are really doing.  These benchmarks allow meaningful comparisons. 
• 2024 Year End Tax Planning Guide (Part 2)
  Over May and June we will add two articles to our website to help you plan and take actions before the end of the 2023-24 financial year.  
• ATO to crack down on rental income, WFH deductions this tax time
  Taxpayers who “copy and paste” work-related claims each year or try to offset their rental income by inflating deductions will be in the Tax Office’s sights.
• How to Draft a Standard Form Contract
  A standard form contract is a pre-written contract used repeatedly for a particular type of transaction.
• GST, PAYG withholding a ‘significant portion’ of $50bn tax debt
  Small businesses are increasingly falling behind on debts, with two-thirds of all debt owed by small business, the ATO warns.
• ATO changes will make it harder for over 42,000 small businesses.
  The ATO reports that more than 42,000 small businesses fail to work with them in regard to finalising their tax obligations.