tax accounting

Category: tax accounting

ESSTs

Did you think you could outsmart the Australian Tax Office?

The Australian Tax Office (ATO) raided 35 Australian businesses in 2022 suspected of using electronic sales suppression tools (ESSTs) to delete business transactions, reduce sales ...
Christmas tax

Don’t pay tax on your Christmas party this year with our FBT hangover cure!

Cutting your tax bill for this year's Christmas Party can be accomplished simply by having your bash on business premises as opposed to an ...
scam

Phasing out written authorisation for agent linking

Agent linking between tax agents and clients is carried out through written authorisation. The ATO will be phasing agent linking out in the wake ...

Cash flow will make or break your small business

A cash flow statement shows the ins and outs of your business in real-time. Cash flow is the food and water for your small business and ...
Melbourne tax reform

The Howard government was the last to make any real tax reform

The Howard government’s incentive based GST tax policy was Australia’s last substantial tax reform that stood the test of time. Why? Because it increased ...
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 ...
champagne

What costs more than champagne and Chanel No.5 perfume? Ink!

At $8296 per litre, standard black HP ink for your home printer costs more than champagne, designer perfume and human blood according to Choice. ...
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 ...