Goods taken from stock for private use

Are your business clients aware of their obligation to advise you when they are trading stock for their own use? Find out more.



Beware of aggressive tax planning schemes

Find out what the most common aggressive tax planning schemes are and learn more about them. Register for a free webinar on Thursday 1 December, places are limited.



Tax scams decreasing - but be vigilant

We have seen a decrease in the number of reported phone scams, but are warning you and your clients to still watch out for email scams.



New Legislation: Remove the income tax exemption available to certain government employees working overseas

From 1 July 2016, employees of an Australian government agency are subject to income tax on overseas income they earn in the delivery of Official Development Assistance.



Updated Foreign exchange rates

Updated to include daily and monthly rates for June 2016 as well as financial year ending 30 June 2016.



ATO benchmarks helping build small business

We have announced the latest benchmarks for small business. Based on the data from 2014 income tax returns and activity statements, the benchmarks cover over 1.3 million small businesses.



Changes to GST obligations for overseas businesses

Starting in October, certain transactions between overseas businesses and Australian businesses will no longer be subject to GST.



Reminder: new rules applying soon for selling property

New rules will soon apply to sales of taxable Australian real property over $2 million. See what changes could apply to your clients.



Simplified depreciation – rules and calculations

The detailed rules and how to calculate depreciation under the simplified depreciation rules for small businesses – for bookkeepers, tax practitioners and others who are applying or advising on simplified depreciation.



Helps to work out work-related expenses

We are encouraging people to check which work-related expenses they are entitled to claim and understand what records they need to keep.



Do you know how to spot a scam?

Scam emails, SMS or phone calls can be very convincing, but there are some things you and your clients can look out for to recognise a scam



Unsure about GST?!...
A Quick Explanation!

GST stands for Goods and Services Tax and is a tax on consumption of goods and services.

For most businesses GST is a straight forward process. However, for some businesses GST can become a complicated matter. If you have your own business you will need to either inform yourself correctly, or seek reliable advice on GST requirements and how it will affect your business. If starting a new business, or currently running an existing business, and are unsure about the current GST system and legal requirements, please contact us. We have been approved by the ATO, and are qualified to advice you on GST legal requirements.




Tips to stay safe online

Check out our tips to help you stay safe online. You can also visit the Stay Smart Online website for information on understanding the risks and steps you can take to ensure you protect yourself and your practice.



Commissioner announces review of MP allowances ruling

With a number of media reports circulating in relation to travel allowances and work-related expenses, we are urging all taxpayers to understand their obligations and check their claims.



Don't get played by iTunes scammers

iTunes gift cards are part of a new tactic being used by scammers impersonating us to collect tax debt payments.



Xero Update:
Figured gives farmers a new way forward

Farmers are using Xero and Figured in tandem to see up-to-date results and forecasts that help them manage through good times and bad.



Employee or contractor: Myths and facts

When working out whether your worker is an employee or contractor, make sure you don't get caught out by the common myths around.



ATO statement regarding release of taxpayer data

Recently, we received data in relation to a Panamanian law firm containing names of a significant number of Australian residents. Currently we have identified over 800 individual taxpayers and we have now linked over 120 of them to an associate offshore service provider located in Hong Kong.



SuperStream deadline rapidly approaching

With the SuperStream deadline of 30 June rapidly approaching, ATO Deputy Commissioner James O’Halloran says now is the time for employers who are not yet using SuperStream to cross it off their to-do list.



Xero Update:
Xero rated No.1 for small business customer satisfaction

In a recent survey of small business owners and decision makers by independent research company Canstar Blue, Xero was awarded the highest customer satisfaction ranking for accounting software, beating out MYOB and Intuit Quickbooks.



Xero Update:
Health & Wellness connected

In the health and wellness sector? The Xero and MINDBODY integration is now live in AU and NZ, enabling personal trainers, beauticians and the like to save time and improve accuracy without the need for manual data entry. Connect today.