LATEST NEWS & ARTICLES

Business Structures

Business Structures

Business Structures When considering going into a new business, buying an existing business or buying into an existing business, the business structure and the business investment structure is critical. This will determine asset protection and tax liabilities. Types...

read more
Capital Gains Tax Australia CGT

Capital Gains Tax Australia CGT

Capital gains tax rate Australia Please note this is general advice only and cannot be acted on without seeking professional advice. Capital Gains Tax in Australia isn’t a separate tax like some think it is. It’s actually part of the general taxation system, just with...

read more
What is Fringe Benefits Tax – FBT

What is Fringe Benefits Tax – FBT

Fringe benefits tax definition Fringe benefits tax (FBT) is tax levied on employers based on the value of extra payments or benefits provided by employers to employees and their associates over and above wages and superannuation payments. The fringe benefits tax...

read more
Xero changes things up with a new navigation

Xero changes things up with a new navigation

In the last week of November, Xero will roll out their new navigation – Helping you get a simple, beautiful experience. This is so everyone can get on with daily tasks easily and efficiently. It’s based on research and testing with hundreds of people – Including...

read more
Casual Rates to change…. AGAIN.

Casual Rates to change…. AGAIN.

If the constant new court decisions about casual employees aren’t confusing enough, a Fair Work Review will now see employers fork out higher penalty rates for casual retail workers. The change will take effect from 1 November 2018 – just in time for the Christmas...

read more
Don’t just reverse the risk – remove it

Don’t just reverse the risk – remove it

Consider this fundamental point in business; whenever a customer makes a purchase, they take a risk that the product or service will work. When you think about it logically, the fact that they’re taking a risk must hamper the decision-making process. In a lot of...

read more
The Costs & Pitfalls of DIY Business Structures

The Costs & Pitfalls of DIY Business Structures

While you think you’ll save a few dollars going online to set up a company or trust yourself, the DIY approach is a false economy.    Like most accounting firms, we use specialist providers for business structures to ensure we understand the contents and workings...

read more
Doing the Rounds: Scams targeting ASIC customers

Doing the Rounds: Scams targeting ASIC customers

Scam emails are not current news, and ones from ASIC have been circulating for a good couple of years now. We've been alerted recently from a few clients that they have received some odd correspondence from ASIC, and from this we can confirm that another one is doing...

read more
Time for a change…and quickly!

Time for a change…and quickly!

Ever heard the expression “time is money”? Well, it’s never more true than when it comes to making changes to your business. While change is not something that most people embrace quickly or open-heartedly, if it’s done too cautiously it can flatten revenues, eat...

read more
ATO guide to the 5 most common Tax Time mistakes

ATO guide to the 5 most common Tax Time mistakes

As Tax Time 2018 has 'kicked off', the ATO has profiled the five most common mistakes and the personalities most likely to have tax time troubles. The  top  five  mistakes  include  taxpayers  who are: leaving out some of their income (e.g., forgetting a temp or cash...

read more
Taxable Payments Annual Reports due 28 August

Taxable Payments Annual Reports due 28 August

Are you in the Building & Construction Industry??   If so, have you completed your Taxable Payments Annual Reports for your contractor payments due for lodgement by 28 August 2018. The Taxable Payments Annual Report is a report required by the ATO detailing...

read more
Xero Users – Why you really need 2 Factor Authentication

Xero Users – Why you really need 2 Factor Authentication

A couple months ago, Xero made it compulsory for all Xero Partner’s to have two-step or two-factor authentification on their logins. And whilst we all rolled our eyes and were a little bugged about the additional step we now needed to complete upon logging in daily to...

read more
Tax Time 2018: Overview of Key Changes

Tax Time 2018: Overview of Key Changes

The ATO has released key changes and new measures to be aware of for your 2018 Income Tax Return. As always, if you need any clarification or more information, contact your advisor at our office on (07) 3862 8777.   Corporate tax rate – base rate entities  ...

read more
2018 Federal Budget – Key points for you!

2018 Federal Budget – Key points for you!

2018 Federal Budget Release - Key points for YOU! Please see below a quick and easy run through of changes that might affect you in regards to;  Personal Income Tax GST Business Farmers & Regional/Rural Aussies Superannuation Personal Income Tax...

read more
Tax Minimisation and Planning

Tax Minimisation and Planning

Tax Minimisation & Planning. Strategies to Minimise your Business Tax. Remove those nasty surprises that come at Tax Time and take action NOW! Investing in Tax Planning can save you significant time and money. And that is why it is one of the most...

read more