Tony Greco of the Australian Institute of Public Affairs (IPA) has stated that the crackdown on GST fraud by the ATO is going to hurt legitimate businesses that get caught in the crossfire. The $850 million of fraudulent refunds that the ATO have sought to investigate will ultimately leave some businesses with a cash-flow crisis …
Are you tossing up whether to claim for doggie day care, Tim Tams and pot plants as a working from home expense this tax year? Although it might sound tempting and can be argued as a possibility, it can lead to a tax time nightmare as you succumb to the many pitfalls in claiming working …
Statistically speaking, it is a safe bet that you said ‘yes’ to that question. A staggering 92% of those asked in a recent online poll believed that EV owners should be contributing to the infrastructure of Australian roads. CPA Australia managed to get the opinions of over 1000 people to determine the general view of …
Don’t fool yourself into believing that your cryptocurrency transactions are going unnoticed by the ATO. Even if you are just dabbling in the world of crypto, it is important that you acknowledge the tax implications that it might have. You need to let your accountant know that you own crypto so that together, we can …
From 1 July 2022, if you’re a first home buyer you can release up to
$50,000 (up from $30,000) from your voluntary super contributions
to help you buy your first home.
A MYOB survey of 500 SME owners and operators in Australia has shown that 52% of those interviewed have higher business confidence than they did before the pandemic. An incredible 78% report to have the same or an increased appetite for risk. The report suggests that as a direct result from the pandemic and the …
Do you feel stronger post pandemic? You’re not alone! Read More »
It can all get a little overwhelming when it rolls around to tax time. Paying tax happens every year, without fail, so perhaps it is time to adopt a few small strategies to make the process a whole lot less stressful and more seamless. You may find yourself reaping some huge benefits as a result. …
It’s a new year, we are all back to work and settled in now after what we hope has been a relaxing and joyful summer period for all. Now that you’re back on track and feeling fresh, it is a great time to make sure that tax lodgment and payment obligations are all in check. …
Reminders issued for late lodgements and payments Read More »
The unexpected events of the past few years, have made financial protection a front of mind matter for most Australians.
