Author: Ken Burk

Small Business, Tax

Crucial Tax Information For The New Financial Year

The tax office have made a few crucial notes for small businesses and taxpayers before they lodge their tax return.

Read more
Small Business

Can I Claim An Input Tax Credit?

They are credits which can be claimed for the amount of GST included in the price of goods that you buy for use in your business.

Read more
Small Business

Extension & Increase To The Instant Asset Write-Off For Small Businesses

Assets will need to be used or installed ready for use from Budget night until by 30 June 2020 to qualify for the higher threshold.

Read more
Community, Tax

myGov Is More Pain Than Gain For Accountants

myGov has become a target for criticism as certain faults are creating significant pain for tax and BAS agents, and, in turn, their clients.

Read more
Tax

Warning For Tax On Overseas Income

Do you earn income overseas? A recent case highlights why you might pay more tax than you thought on foreign income. 

Read more
Tax

Changes To Tax-Free Component For Redundancy And Early Retirement Scheme Payments

Starting from 1 July 2019, all individuals younger than 66 will be able to receive the tax-free component for redundancy and early retirement scheme payments.

Read more
Small Business Tax, Tax

No Tax Deductions If You Don’t Meet Your Tax Obligations

New laws passed by parliament last month directly target the behaviour of taxpayers that don’t meet their obligations. If taxpayers do not meet their PAYG withholding tax obligations, from 1 July 2019 they will not be able to claim a tax deduction for payments.

Read more
Small Business Tax

Contractor Or Employee? Defining Workers In The Gig Economy

If you engage contractors, it is essential to get the facts of the relationship right. Business owners need to take a proactive approach to reviewing arrangements to ensure that the business is not exposed to material liabilities.

Read more
Small Business Tax

Small Businesses Encouraged To Start Single Touch Payroll Early

The tax office will soon begin sending letters and notifications to small businesses, encouraging them to begin early use of Single Touch Payroll (STP).

Read more
Tax

Working From Home: What Deductions Can You Claim?

For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host of expenses. The latest on their ‘hit list’ are home office expenses. 

Read more
Community, Small Business Tax Advice

New Rules For Gift Card Expiry Dates

In Australia, around 34 million gift cards are sold each year with an estimated value of $2.5 billion.

Read more
Community Support, Strategic Financial Advice

Cash Payments Are Holding Your Business Back

In a world that’s raining credit cards, a ‘cash only’ sign will leave your business dry…

Read more