Category: tax accounting
$150,000 instant asset write-off for small business
If your business turnover is less than 500 million, you can instantly write-off any asset purchase up to $150,000. You must buy your assets ...
Grow your accounting practice by helping your clients during COVID-19
To grow your practice, maximimise opportunities and help clients, you must do five things as accountants: Increase client communication. Send every business client details ...
Demand for accounting/tax services will grow over the next 12 months
Accounting/tax practices are fortunate to be providing an essential service during the COVID-19 pandemic. Demand for accounting/tax services will grow over the next 12 ...
Commercial leasing principles during COVID-19
The government is introducing a mandatory commercial leasing Code of Conduct (the Code). The Code imposes a set of 13 good faith leasing principles ...
Tax-Free Payments of $750 to Eligible Recipients
The Government is providing two separate $750 payments to social security, veteran and other income support recipients and eligible concession cardholders. The first payment ...
Tax agents are considered essential services
As trusted advisers, we are being inundated with requests for information as clients and businesses turn to us to help navigate through uncertainty. The ...
Income support for sole traders
Overview The Federal Government has established a new, time‑limited Coronavirus supplement to be paid at a rate of $550 per fortnight. Payments will commence ...
How can a tax agent business survive a coronavirus outbreak?
Imagine this scenario - There is a coronavirus outbreak in your city during the busiest time of the year July - September. You will ...
Buy your business premises in your SMSF
This strategy involves purchasing your business premises in your self-managed super fund (SMSF). This has the following advantages: Your superannuation is used to partly ...
Software Review – Xero Tax
Andy Asiandi, (Payneham, SA) reviews the Xero Tax software. XERO Tax advantages: Free for Bronze Partners. Xero tax returns integrate nice and easily with ...