For Small Business Entities (Turnover less than $2 Million) · 1.5 per cent cut in company tax to 28.5 per cent for incorporated small business from 01/07/2015 · 5 per cent tax discount for sole trader, partnership & trust up to $1,000 per year from 01/07/2015 · An immediate tax deduction for each individual asset […]
Are you still using old desktop accounting software or using Microsoft Excel Spread Sheets to do the bookkeeping? Or still manually doing the backup daily or so frustrated to importing and exporting data file to your accountants at the year end? Or if you’re thinking of starting to use one, Xero is the one – […]
With the festive season is fast approaching, for most business usually will putting on a party for their employees, in celebrating a year end and a new business beginning. As a small business owner, you want to thank your employees and show how much they are appreciated. Holding a Christmas Party Holding a Christmas […]
Setting up a self-managed super fund What you need to know about setting up a self-managed super fund.
Income tax concessions Check whether you are eligible for the following income tax concessions, simplified trading stock rules, simplified depreciation rules, immediate deductions for prepaid expenses and a two-year amendment period. Simplified depreciation rules You can generally pool your assets to make depreciation calculations easier. You can find more information about the recent changes […]
What you need to do Employers have options for meeting SuperStream – either using a: software solution that conforms to SuperStream service provider who can arrange SuperStream compliance on your behalf. Your options may include: upgrading your payroll software using an outsourced payroll or other service provider using a commercial clearing house or, for employers […]
A range of checklists designed to help trustees manage their SMSF through different stages of the fund. These short animated videos cover hot topics for SMSF trustees. They provide useful information to help you run your fund and meet your obligations. Watch Self-managed super fund videos
Temporary Budget Repair Levy The Temporary Budget Repair Levy will mean individual taxpayers with a taxable income of more than $180,000 per year will have additional tax withheld by their employer, starting from 1 July 2014.
Claiming rental property expenses? ATO is increasing our focus on rental property deductions, so it’s important clients get their claims right. Some common errors made by rental property owners include: claiming rental deductions for properties not genuinely available for rent incorrectly claiming deductions for properties only available for rent part of the year such as […]
