As the deadline approaches for the latest quarterly business activity statement (BAS), there will be many business owners starting to stress. The quarterly chore of lodging a BAS holds as much anticipation as an appointment with the dentist. Where are those receipts I was keeping? Can I claim GST on…
Every year, the ATO gives special attention to certain occupations when deciding who to audit. Have you ever wondered why teachers are on the hit list every couple of years? According to the ABS, there are 280,000 teachers in Australia. This makes teaching one of the most common of all…
In this YouTube video I'll explain how much tax benefit you get from your tax deductions. You don't get $100 back for every $100 of deductions - it's actually only a percentage. Watch the video to learn: - why being reimbursed by your employer for work expenses is probably 3…
My latest You Tube video is about the medicare levy surcharge. The surcharge is a 1% penalty tax that applies to individuals who are earning medium to high incomes and do not have private hospital insurance. Insurance salesman on the TV and radio try to use this rule to get…
Here are some helpful tax and business resources elsewhere on the web. abr.business.gov.au/ Australian business register. Apply for an ABN or update your details. Look up an ABN using the ABN Lookup search. www.asic.gov.au ASIC monitors companies (Pty Ltd) in Australia. Use this site to lodge ASIC forms and search…
You can download a summary checklist of what to bring in pdf format: Client Checklist - What Should I Bring Documents to bring to your accountant Clients often ask us what documents they should have in preparation for their tax appointment. One of the simplest ways to work out what…
By Jarrod Rogers CPA Updated 24 Aug 2011 to include Tabcorp and Westfield Each year, the ATO releases a list of Capital Gains Tax (CGT) events that affect shareholders of commonly held shares. You can find the list for 2010-11 on their website. Below are some of the common events…
Online Consultations - your accountant is as close as your computer In a busy world you need to find smarter ways of working to get your important jobs done. Many people are time poor and there are jobs that never seem to get to the top of their to-do list.…
Need a lifeline? Do you have outstanding tax returns that you have been putting off for years? Or are you struggling to pay a tax debt? Have you received a fine from the ATO which you think is unfair? Not sure what to do next? We can help with ATO…
If you have come to Australia to work, or if you have investments in Australia, you need to understand the tax and financial issues that relate to you. Whether you are: working in Australia on a short term assignment with an overseas employer permanently migrating to Australia on a temporary…