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Working From Home: What Deductions Can You Claim?

For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host of expenses. The latest on their ‘hit list’ are home office expenses.  We guide you through what you can and can’t claim if you work from home.

The Rules For GST And Food

Owners of cafes and restaurants, and any businesses that sell or prepare food, need to be aware of when to charge GST. Unfortunately, it is not often a simple yes or no. Navigating the world of food and GST can be like weaving through a maze. A delicious maze, albeit.

Changes to Courier and Cleaning Services Reporting

If you are a business that provides cleaning or courier services, you will now need to lodge a Taxable Payments Annual Report (TPAR) to inform the ATO about your payments to contractors.

Important Tax Dates: December 2018

Dates to remember in December..

December 21 – November Monthly Instalment Activity Statement (IAS) due

ATO Swoops In Like Superman On Non-Lodgements

The ATO are about to help us Tax Practitioners out big time.

Accelerated Tax Rate Reduction For Small Business

Small business is still a vote winner with the Government and Opposition teaming up to accelerate tax cuts for the sector by 5 years impacting on an estimated 3.3 million businesses.

Should Share Investors Be Worried About A Bear Market?

It’s understandable that the recent sharp sell-off on financial markets has left investors feeling particularly nervous. The main concern has been the US Federal Reserve’s shift in monetary policy from low rates and printing money to rising rates and the withdrawal of that printing policy.

Cooling Your Jets On Impending Law Changes

Does your accountant get their undies tied in a knot over "potential" tax law changes? With us, you only need to worry about what IS law, not what MIGHT be law.