Category: accounting
Tax Planning Software
Over the last the ten years tax planning software has taken an adhoc, manual, time consuming process to a new level of efficiency and ...
5 Additional Services Small Businesses Would like to Receive from Their Accountant
The NAB ‘Key insights into the Australian accounting industry’ report found that accountants are failing to provide the services their business clients demand. The ...
Top 10 Tax Policies of the Australian Labour Party
Most bookmakers have the Australian Labour Party as unbackable favourites to win the May 2019 Federal election. As such, subject to successfully negotiations with ...
Eight Pets That Can Be Tax Deductible
Dogs on farms for rounding up sheep, cattle and other livestock.Fish at workplaces (office and factories). Birds at the workplace. Guard dogs at factories.Dogs ...
Ten Deductions Employees Should Never Have Claimed
Adult industry workers claiming breast implants.Employees claiming cigarettes for stress relief at work.Driving instructors claiming speeding and parking fines.Prescription glasses, contact lenses and hearing ...
9 Unusual Work Deductions
Adult industry workers can claim costumes, lingerie, fetish equipment, and adult novelties - if used solely for income earning purposes. Bar staff can claim ...
Tampon Tax Abolished on January 1, 2019
Eighteen years after its introduction, the 10% tax on tampons and pads was removed after states and territories agreed to make sanitary products exempt ...
Accountants Fail as Business Advisors
Australia has 2.2 million businesses, of which 2,065,523 are defined as small businesses (employing less than 19 people). The ATO statistics show 96.7% of ...
Accountants Obsessed with Themselves
With the explosion of social media over the last decade, accountants (like a large percentage of the population), have become obsessed with themselves. A ...
5% of Tax Practitioners are Breaking the Law
The Tax Practitioners Board (TPB) 2017/18 annual report highlights that only 95% of practitioners are compliant with all aspects of the law. For the ...