accounting

Category: accounting

prison

Prison! The consequence of failing to lodge tax returns and BAS

A Western Australian doctor, has been sentenced to seven months in jail for failing to lodge 18 income tax returns and business activity statements ...
salary sacrificing

What is salary sacrificing and is it for me?

It sounds like some sort of sacrificial ritual for your paycheck, but don’t worry it’s neither complicated nor sinister. Salary sacrificing is simply asking ...
questions

Top 5 questions to ask your accountant at tax time

Here are the top 5 questions that you should be asking your accountant, tax or business advisor during tax time. Are you a registered ...
vaccine

Not taking a risk can sometimes be the biggest risk

Sometimes, choosing not to take a risk can pose the biggest risk. This rings true with the COVID-19 vaccine in Australia. Many who can’t ...
tiger

The dangers with share buy-backs

Many businesses find operating through a company structure is attractive as the profits are taxed at a flat rate of 26% (if turnover is ...
dog in camping chair

Australians don’t support high taxes

Following successive election losses, Labour has done a complete 180-degree flip on tax. They now support tax cuts for individuals earning up to $200,000 ...
Facebook

How to post on your Facebook business page

Facebook has over 3 billion monthly active users. 12 million in Australia. 2.2 billion use it through their phone. Women between 18 – 24 ...
car tax

My car and tax, what can I claim as a business owner?

As a business owner, you can deduct the following expenses for a vehicle carrying less than one tonne and fewer than 9 passengers: fuel ...
House

 Property tax reform

The states are asking the Australian federal government to adopt a new property tax system offering flexibility to home buyers. A buyer would be ...
cryptocurrency

Accounting for cryptocurrency transactions for tax purposes

Cryptocurrency is a digital asset in which encryption techniques regulate the generation of units and verify transactions on a blockchain. Cryptocurrencies are usually independent ...