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15 Jan, 22

EXTRA HOURS OF WORK ARE ALLOWED TO OVERSEAS STUDENTS, TO ALLEVIATE LABOUR SHORTAGES

As a result of Australia’s Omicron COVID-19 outbreak, foreign students will be allowed to work extra hours to assist address workforce shortages. Prime Minister Scott Morrison said that modifications would be made to abolish a 40-hour per fortnight working cap for foreign students in certain areas. The temporary relaxation is intended to alleviate debilitating labor […]
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15 Jan, 22

Watch out for these accounting trends in 2022

The world has changed dramatically, although these variations were not as extraordinary as most of us thought, the shift in the technology world has signalled the beginning of a new futuristic world. As technology evolves, businesses take on new forms. We are all aware that accounting is a critical component of any organization, large or […]
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20 Dec, 21

How to finance a Caravan or Camper

With the holiday season fast approaching, millions of Australians are more excited than ever to get away. One of the most popular holiday options in recent years has been heading off in a caravan or camper for a road trip. Before going out and buying a caravan or camper, it’s well worth thinking about how […]
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20 Dec, 21

When’s the best time to Buy or Sell a Property?

With the spring selling season coming to an end and Christmas just around the corner, many buyers and sellers are getting ready for a well-deserved break. The traditional belief is that spring is the best time to sell and it’s for that reason we see the largest volume of transactions taking place throughout September, October, […]
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20 Dec, 21

Things to consider when building a Property Portfolio

While we all have different goals when it comes to property investment, for those out there that want to continue to grow their portfolio there are a number of important considerations to take into account. Many homeowners unwittingly become investors when they look to upgrade their first home and decide to keep the original property. […]
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20 Dec, 21

How to Save for a Deposit at Christmas Time

Traditionally, the Christmas and New Year period is the time of year when many of us tend to overspend. While this might be well-meaning, as most people are simply buying gifts for family and friends at Christmas or going on holiday, you need to be sure that it doesn’t blow your budget.
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18 Dec, 21

Australian Business Number cancellation policy still in effect

The Australian taxation office has decided to continue canceling Australian Business Numbers of enterprises that are reviewed as inactive. This includes operating a genuine business but failing to file tax returns and activity statements.  If a company reported any business activity like a tax return, income lodgement, other lodgements, or third party information then the ABN […]
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18 Dec, 21

Get early access to superannuation during the holidays!

The ATO establishes deadlines for early access to superannuation throughout the holiday season. The Australian Taxation Office has issued fresh guidance for people who wish to apply for early access to their superannuation on compassionate grounds during the Christmas closure period. If you are in serious financial trouble, you may be entitled to receive some […]
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18 Dec, 21

Avoid tax pitfalls, take the company’s money out wisely

The Australian Taxation Office closely examines specific transactions that taxpayers frequently get incorrect. One of the most prominent examples is blurring the distinction between the company’s and the owner’s money. The ATO will treat such payments as un-franked dividends, which is usually a bad outcome for both the corporation and the shareholder.
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