Ken Burk Archive
Tax
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home.
Small Business
The ATO have no concerns with business owners banking their business takings or other sales in private accounts, however, this can become a major problem for your bookkeeper!
Small Business
The Government has reinvigorated the 120% skills training and technology costs deduction for small and medium business. Two investment ‘boosts’ will be available to small and medium businesses with an aggregated annual turnover of less than $50 million
CryptocurrencyTax
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. Are you eligible to access the 50% Capital Gains Tax (CGT) discount and halve the tax you pay?
Tax
The ATO has flagged four priority areas this tax season where people are making mistakes.
Small BusinessTax
Recently, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. These letters are a warning shot and should not be ignored.
Small BusinessTax
We have many clients asking us, what is PAYG, why do I need to pay the ATO upfront and how does it affect a business? There’s no need to struggle to understand this system anymore, let’s break it down!
Financial Updates
The Federal Budget has been brought forward to 29 March 2022. With the pandemic and the war in Ukraine we have seen a lot less commentary this year about what to expect in the Budget.
Financial Updates
The 2022 Luna New Year, Year of the Tiger, is courage and bravery. It is a year to drive out evil and one of momentum and change. The message; walk boldly with courage. And it seems the Reserve Bank Governor is aligned with this sentiment.
Tax
Every year, we are asked about the tax impact of various Christmas or holiday related gestures. In this article we take a look at some of the top issues.
Small Business
Directors are now required to register for a unique identification number that they will keep for life. The introduction of the Director Identification Number (DIN) is part of the Government’s Modernisation of Business Registers (MBR) Program creating greater transparency, and preventing the potential for fraud and phoenix company activity. So, who needs one? What is the timeframe to apply and how do I set it up?
Small Business
The Victorian Government are offering support for entitled construction businesses, including employing and non-employing businesses, who were affected by the construction sector shutdown from 21 September – 4 October 2021.
