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14 Sep, 18

This tax season ATO is all set to emphasize Work From Home

Last year, a sum of 6.7 million tax payers claimed a record breaking amount of $7.9 billion in tax deductions that were associated with “other work-related costs” told Kath Anderson -Assistant Commissioner, Australian Taxation Office (ATO). Ms. Anderson disclosed that “The current trend of working from home is on the curve and is touching the […]

22 Aug, 18

ATO’s Review On The Online Rentals

A pervasive data-matching program is being launched by the Australian Taxation office (ATO) to determine the taxpayers that are getting income from rentals of short period. Details for an average of 190,000 people of Australia will be determined from online platform sharing web portals to discern the taxpayers who didn’t include their rental income and […]

14 Aug, 18

ATO’s ‘ new call on company cars might be “rude awakening” for the employers

With the instigation of ATO’s (Australian Taxation Office) new guidelines, near time might be traumatizing for the employers. It’s expected to be a more amplifying compliance after the modifications made in FBT (Fringe Benefit Tax) rule. There is a myriad of guidance released for the personal utilization of salary-packaged conveniences incorporating the usage of utes. […]

19 Jul, 18

4 Simple Ways To Pay Less Tax This Tax Season

The end of financial year is often the trickiest and tiresome for business owners, who are already time strapped. Paying your tax on regular basis always brings good reputation for your company. No matter you are a start-up or a corporate giant, you should always make precise planning before tax season to avail all the […]

14 Jul, 18

The worth of a good tax accountant in hassle-free tax planning

You can’t deny the fact that tax professionals and accountants are worth their weight during the tax time. The rules and regulations associated with tax can be painful to wade through. While some businesses may only require simple accounting and may not need an accountant for day-to-day activities, as companies grow and entrepreneurs look to […]

10 Jul, 18

What Medicare Levy Exemption in Australia means for you?

Before we head on to the article, let us understand -What does Medicare mean? Medicare is a universal health scheme of the Australian Government. It is a program that assures access to all the citizens of Australia in wide-ranging services in health at no or little cost. Medicare works in the way that all that […]

05 Jul, 18

The most neglected tax deductions of all times

Don’t let your hard-earned money squander in ATOs pocket, here are some neglected tax deductions that can save you big bucks. With the tax deadline coming up, it’s good time to think about tax deductions- particularly deductions that are frequently missed when preparing to file your tax return. Tax time can be quite stressful especially […]

15 Jun, 18

ATO targets holiday homeowners’ and property investors’ deductions and income

Taxpayers merely have three weeks remaining to organize their abodes, particularly the 1.8 million populace owning holiday properties and investments; warning issued by the Australian Taxation Office. Owners of the homes who have modified their rooms into rent bedrooms to tourists or long-term boarders or into home offices will also have their deductions and gains […]

08 Jun, 18

Why you should hire an expert tax agent?

Whether you wish for it or you don’t, the season of tax happens each year meaning that you will soon have to be stressed out facing a jumble of financial forms. While in the same period, you have the option of escaping the tax returns hassles by securing the assistance of an expert tax accountant […]

04 Jun, 18

Benefits of using offshore accounting services

The bookkeeping and accounting industry is facing a lot of difficulties and challenges today which prompts them to explore more productive and efficient ways of doing the business. Several accounting firms in Australia have been using offshore accounting in the past decade to gain a competitive advantage and sustain their operational efficiency. A high quality […]