GST Compliance for small business
The Australian Taxation Office (ATO) has released a GST Governance and Risk Management Guide for small-to-medium businesses.
Searching For the Best Retirement Plan?
Think Ahead If there’s one thing you don’t want to get wrong in your life it’s your retirement income plan. How you choose to invest the capital you have accumulated, or your superannuation lump sum, will determine the sort of lifestyle you can expect in retirement. In retirement you will have much more leisure time – time to expand your lifestyle with travel, hobbies, sport or study. Whether or not you are going to be able to enjoy your retirement to the fullest will depend upon how you arrange your financial affairs now. And this means having a life plan, which covers income, health, housing recreational pursuits and relationships.
New reporting system for building & construction industry
As from the July 2012, businesses in the building and construction industry will be required to complete the Taxable Payments annual report.
Mid Year Tax Planning
One thing is certain - when it comes to planning for taxation, the more things change, the more they stay the same. Steps taken by the Government to simplify taxation in one area invariably leads to complications in another. The new carbon tax is a perfect example.
Why use a CPA specialist?
CPAs are leaders in business, finance and accounting advice. The right to use the CPA designation is only given to degree-qualified professionals who have undertaken rigorous and comprehensive postgraduate study, the CPA Program....
PAYG annual instalment advice
If you are eligible to pay your instalment annually, and you decide to take this option, don't forget to advise the tax department prior to the end of the first quarter. For more information...
Are you eligible to claim the Education Tax Refund?
For more information, refer to the ATO websites 'Education Tax Refund Essentials' and claim everthing your intitled to.
Want to make your business more profitable?
Tips to help small business owners plan for a more profitable 2011/2012 financial year
End of year tax tips 2011
Do you have a net gain or loss on the sale of shares, property or investments during the 2010/2011 financial year? Then Capital Gains Tax may apply.....
Year-round planning for businesses
For business owners, the end of the year signifies a time in which to evaluate your business’s operations and prepare for the coming year. Each business endeavour should be marked by a business plan and often such plans come into fruition alongside our personal new year’s resolutions. Planning ahead allows you to set out goals best suited for your business.
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...
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.
Tax Tips for Property Owners
Tips to help you save tax if you have an investment property or 6.
Budget 2010
Treasurer Wayne Swan presented the 2010 Budget, with very few additional changes to the tax system that had already been previously announced.
Get a year end tax health check
The end of the tax year or business accounting year is a key time to focus on tax and financial planning. Are you prepared for your future financial obligations?
Farm management deposits
Most farmers have never been told about farm management deposits from their accountant. Yet from a tax planning and income smoothing point of view, they work better than superannuation contributions and prepaying expenses.