Posts
Your company isn’t a bank account: loan to a business right
You're finally your own boss, and in its early days, the business needs upstart funds. Such as a loan to a business, to sustain it until it finds its own feet. But you can't move funding sources in and out like in a bank account, and the ATO…
Can the ATO make a tax debt invisible to you?
For both individuals and small business owners, the idea of tax debt with unseen consequences is worrisome. It can impact future financial operations without clear signals or the usual pathways to address it.
Usually when you owe a tax debt,…
Last minute Stage 3 Tax Cuts redesigned
Finally bringing down the knife: the Federal Government released a proposal to realign and redistribute personal income tax cuts legislation, to commence on 1 July 2024, for the 2025 financial return year.
[Edit 14th March 2024]: on the…
Why your tax return will be $1500 worse this year
For the past couple of years, you may have gotten used to your tax either costing less than you remember, or your refund being more generous. More money for you to spend on necessities, or an extra treat for the holidays.
But that won't…
What Work from Home deductions apply for me?
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home.
The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022…
Reminder about your group certificate
As tax time for individuals comes closer, we’d like to remind you that most employers won’t be handing out what is commonly called a Group Certificate or also referred to as PAYG Payment summaries.
These are now known as Income statements…
Tax from your couch 2019
Life is busy – we not only get it, but this year we are actually embracing it by making a way to do your tax without actually coming in.
This year we have introduced a new way of doing tax. From your couch. Yep you heard that right.
It's…
Phone tax appointment
We know you're busy, if you'd like to have your tax appointment by phone or Zoom that is easy to do. We explain what we need you to email through to us prior to your appointment.
Don’t blow it. Make the most of your tax refund
Most Australians receive a tax refund, but not all spend it wisely. Here’s how to make the most of your tax windfall – and not blow it all in Bali.
It's now October, and we have already lodged most of our clients individual tax returns.…
Do you know what you can and can’t claim?
Taxpayers are being put on notice by the ATO, which will be paying close attention to claims for ‘other work-related expenses’ this year.
Ensuring you have appropriate records, and sound advice, will be more important than ever for…
Individual Tax Deductions Checklist
Can you believe it's tax time again already?
As we aren't holding in person tax return appointments this year, all information will be collected using our Tax From Your Couch.
If you'd like to gather your information in a spreadsheet prior…