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Accounting
Nominate a Business for the 2015 JBA Business Awards
September 21st, 2015The North West Metropolitan Business Awards which recognises businesses and their achievements is here once again. The Joondalup Business Association, along with the major sponsor Commonwealth Bank, will announce the winners on the 20th of November 2015. The Gala Presentation Night and dinner celebration is fast approaching and will be held at the Joondalup Resortread more
Changes in the Home Office Running Costs Deduction Rate
September 14th, 2015For employees who are conducting a portion of their work from a home office, the ATO has increased the rate of home office expenses related deductions. From the previous rate of 34 cents an hour, the fixed rate has been increased by more than 32 percent to 45 cents an hour. The employee can onlyread more
2015 Taxable Payments Annual Report for the Building and Construction Industry
August 7th, 2015The 2015 Taxable Payments Annual Report is due on 28 August 2015 for those who are in the building and construction industry who pay contractors for building and construction services. The total amount of payments made to each contractor must be reported each year by businesses in the industry. The aim of the taxable payments reportingread more
Tax Time – Friendly Reminder
August 4th, 2015With 30 June well behind us it's time to collate your tax records to ensure ATO (Australian Taxation Office) deadlines are comfortably met. Although not yet due, there are advantages of preparing your tax return now, even if we don't lodge it straight away. The reason could be: To get your tax refund To budgetread more
Tax Time – Before 30 June is the Key
June 12th, 2015Are you interested in putting together a tax plan or just looking for extra ideas for tax time? To assist with finding the bit most relevant to you in reading this planning document, we have divided the topics into: General year-end tax planning tips; Business year-end tax planning tips; Individuals year-end tax planning tips; Year-endread more
ATO Audits – Are you at risk?
May 25th, 2015With the end of another financial year nearly upon us and thoughts turning to our next income tax returns, it is timely to consider what factors may trigger an Australian Taxation Office (ATO) audit. In recent years, the ATO has implemented sophisticated data matching technology and is better equipped than ever before to scrutinise financialread more
BAS Facts
March 12th, 2015Personalised Business Activity Statements (BAS) are provided by the Australian Taxation Office (ATO) to businesses in order for them to report their taxation obligations such as: goods and services tax (GST), luxury car tax (LCT), fuel tax credits, wine equalisation tax (WET), pay-as-you-go (PAYG) withholding and instalments, fringe benefits tax (FBT) instalments and deferred companyread more
FBT Rate Increases Coming Soon – Take Action!
January 22nd, 2015Effective 1 April 2015, Fringe Benefits Tax will increase from 47% to 49%. In order to prevent individuals who earn more than $180,000 from self-sacrificing into fringe benefits to avoid extra tax, the temporary budget repair levy of another 2% has been imposed. In order to entice the best staff, minimise turnover and increase efficiency,read more
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