News
Warning: You’re Losing Money by Not Using General Ledgers
General ledger accountants responsible for the upkeep of financial records use general ledgers, though you can also maintain the general ledger yourself. But what is a general ledger and why do you need one?
read more
Rental Properties 2019 Guide by ATO
If you are an owner of a rental property in Australia, the ATO has released a guide that may help you determine things such as: which rental income is assessable for tax purposes, which expenses are allowable deductions...
read more
10 Smart Ways to Spend Your Tax Refund and Improve Your Financial Health
Need smart ideas on where to spend your tax refund on? Read on and improve your financial health now.
read more
How to Avoid a Tax Audit
With sophisticated data-matching tools at ATO’s disposal, you can’t avoid a tax audit if you keep waving that one red flag. Find out what it is here.
read more
Superannuation in Australia: 5 Things Employers Should Know
When to pay super and who are eligible for super?
read more
Important Tax Changes for Vacant Land Could Hurt Investors
New legislative changes to vacant land tax rules could negatively impact vacant land investors as amendments would put limits to tax deductions for expenses relating to vacant land properties.
read more
Tax Cuts News: Australians Declined to Spend Tax Cuts
On tax cuts news, latest data shows Australians are spending their extra cash from interest rates and tax cuts on household debts instead of goods and services.
read more
6 Critical Reasons You Need a Business Accountant
Most people can afford not to hire an accountant. But if you own a business and you absolutely want to succeed, then having a business accountant is a must.
read more
Personal Income Tax Rate and How It Affects High Income Earners
Ever wondered why there are high income earners who are not rich? New federal Treasury research shows personal income tax rate system is to be blamed.
The research said the "tax concentration" on high-income earners has been distorting this group’s decisions to save, work, and invest as it puts "pressures" on the personal income tax rate system.
ATO Warns SMSF Trustees to Diversify and Formulate Good Investment Strategies
The Australian Taxation Office (ATO) has issued letters to 17,700 SMSF trustees and their auditors reminding them of their responsibility to ensure diversification and liquidity in their investment strategies.
The Office has warned that it will fine SMSF trustees who have 90 per cent or more of their retirement savings invested in a single asset class, which is often property.