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02 Dec, 20

How to deal with financial stress and other worries about money

If you cannot figure out where your money is going, you are not the only one in this category. A lot of people find it hard to face their financial stress. That is why we are putting together some tips that would help you control your budget to get the most out of your earnings. […]

02 Dec, 20

‘You-scratch-my-back’ care of me’ auditing arrangements of ATO

For some time, it has been an acknowledged standard that the examiner of an SMSF should be autonomous of that fund and be an outsider third party to the SMSF. This prerequisite is written into the SISR legislation. There have been breaches of these prerequisites and examples where inspectors and asset trustees have endured regulatory […]

02 Dec, 20

What are the tax-deductable legal expenses?

What sorts of legal expenses are tax-deductible? When a standard cost is brought about according to a business’s activity to generate assessable income, it is commonly permissible as a deduction. Exceptional cases are when the legal charges are domestic or private if it is explicitly rejected by another segment of annual tax enactment or is […]

26 Nov, 20

How did the accountants tackle the challenges of COVID-19?

This pandemic has changed the world in a very different way. These challenges also brought too many challenges for Accountants all around the world. As most of the employees were forced to work from home, they had to learn about various technologies for doing that. Even the conventional works got a digital taste. In this […]

26 Nov, 20

Most important accounting skills for the post-pandemic time

COVID-19 has affected our lives in such a way that we are experiencing several changes in our lifestyles. With the rise of Corona, most of the employees were forced to work from home. And several other changes also took place. CPA Australia performed research on the pre-COVID-19 situation of the accounting industry. This research was […]

26 Nov, 20

What is there for ATO audit activities in 2021?

The world has seen one of the most challenging times in 2020 due to COVID-19. To cope with such a tough situation, governments have provided many financial aids for maintaining economic stability. At the same time, we saw the Australian Taxation Office and the State Revenue Office be very active in this situation. There were […]

31 Oct, 20

ATO Takes back $120 million from Job Keeper funds and highlights new eligible areas

ATO has recovered about $120 million from the JobKeeper. It was done because a lot of businesses made severe mistakes while claiming assistance from this scheme. New guidelines have been released by the ATO for JobKeeper. We came to know about it on Tuesday when second commissioner Jeremy Hirschhorn that because of some mistakes made […]

31 Oct, 20

Tax Gap in brief and how does the ATO measures it

At the end of the year, the ATO sums up the total amount collected and compares this figure with the money that the ATO should have got if everyone had paid their taxes honestly. This is done every year and the difference between these two figures is called Tax Gap. As per some theoretical calculations, […]

31 Oct, 20

Grab a $1080 tax cut by avoiding tax fines before the 31 October deadline

As per the tax cuts introduced by Josh Frydenberg, the workers in Australia will get some money in their pockets from the beginning of this month. But there are some points to consider to get the money. Due to the cash shortage of cash or any other reason if you are fined with a late […]

31 Oct, 20

All you need to know about Family Tax Benefit

Recently, the Australian government has launched a new scheme for the tax benefit of Australian families. This scheme intends to reduce the financial burden of Australian families while raising their children. There are several such schemes that are already in effect but in this blog, we are going to talk about the Family Tax Benefit […]

How to deal with financial stress and other worries about money

‘You-scratch-my-back’ care of me’ auditing arrangements of ATO

What are the tax-deductable legal expenses?

How did the accountants tackle the challenges of COVID-19?

Most important accounting skills for the post-pandemic time

What is there for ATO audit activities in 2021?

ATO Takes back $120 million from Job Keeper funds and highlights new eligible areas

Tax Gap in brief and how does the ATO measures it

Grab a $1080 tax cut by avoiding tax fines before the 31 October deadline

All you need to know about Family Tax Benefit

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