Letter from ATO Commissioner regarding delays of processing your tax returns
The Commissioner has issued a letter to people who may have been impacted by delays in receiving their tax refunds since 1 July 2010. Please read a copy of this letter
Checklists for Business Financial Statements and Tax Returns
Not quite sure what you need to bring to your accountant each year? We have the solution...
Another Financial Year Done - Looking Forward to Next Year!!
Whew, It's been an interesting year with lots of changes in our business, and with our clients' businesses, and yes, we are still keen to help our existing clients, and NEW CLIENTS in the coming year.
Make sure you are able to substantiate your Work Related Expenses claims this year.
I was talking to a Tax Office...er Officer recently, and he advised the ATO would be coming down this way this year and looking closely at the claims people make in their Work Related Expenses section of their tax return.
Do you have income or assets offshore?
Some Australian Residents don't realise that they must include overseas income and the profits from the sale of any assets in their Australian income tax returns.
Budget 2010
Treasurer Wayne Swan presented the 2010 Budget, with very few additional changes to the tax system that had already been previously announced.
ATO processing of tax returns still EXTREMELY slow
Since the beginning of the year, the ATO has been changing the way they process tax returns, and the change has been anything but smooth!
Time running out for government 50% investment allowance
With 31 December just around the corner, time is running out to benefit from the federal governments' 50% investment allowance on the purchase of new business plant & equipment.