Category: accounting
MyTax at Tipping Point
My Tax is at tipping point and accounted for 46% of all 2018 tax returns lodged up to 13/08/18. The ATO advised that at ...
How Business Owners Search for Accounting Services
Australia has 2.2 million businesses with the average business owner being over 50 years old, and 84% over 35. The over 35 business owners ...
The 3 Most Famous Accountants Throughout History
Luca Pacioli - the ‘Father of Accounting’ Luca was the first person to publish detailed material on the double-entry system of accounting. He was ...
Top 10 Tax Deductible Dog Breeds
Dogs can be a legitimate tax deduction when used for work or business purposes. The top 10 working dog breeds are: Labrador Retriever - ...
Free Tax Returns Through Tax Help
Low income earners can get their tax returns completed and lodged with the ATO for free through Tax Help. Tax Help is a network ...
Garnishee Notices
Garnishee notices are a tool used by the ATO to collect outstanding tax debts from delinquent taxpayers. It is normally only used by the ...
No Escaping ATO Debts
ATO tax debts, like all debts, are legally enforceable obligations. The ATO collects these debts on behalf of the Australian Federal Government. If taxpayers ...
Disclosure of Tax Debts to Credit Reporting Bureaus
The Federal Government is legislating to allow the Australian Taxation Office (ATO) to disclose information on businesses tax debts to registered credit reporting bureaus ...
Accountants Embracing Outsourcing Overseas
Over ten years ago, forward-thinking Australian accounting practices started outsourcing part of their work and processes overseas. Initially, the outsourcing started with basic bookkeeping ...
How Long Before a Business Owner Does Not Need an Accountant at All?
Rob Nixon, in his latest book ‘The Perfect Firm’, asks this question ‘How long before a business owner does not need an accountant at ...