How to Get on Top of Your Small Business Finances this Holiday Period
As we ease into the new calendar year and the flurry of the holiday period eases, now is a good time to use this downtime to get on top of your small business finances. Just a few hours invested now can ease a lot of pressure as the end of financial year creeps up on …
Sydney SMSF Adviser is Permanently Banned by ASIC
It may seem like something out of a movie. A trusted adviser misappropriating funds for their own benefit. But it does happen. And when these events happen, we should take a moment to appreciate the regulatory bodies we have to ensure both compliance and fairness within the industry
Accountant Sydney | The Ultimate Guide to Australian Tax 2019
Accountants are normally the first person to be hired and last to be fired in a company. Why is that? Accounting and bookkeeping have been around for centuries. They have existed for almost as long as humans started engaging in trade and commerce.
5 Tax Reform Measures That Can Benefit You & Your Business
The highly anticipated COVID Tax reforms have recently passed in Federal Parliament, with no amendments. The Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Bill 2020 aims to deliver lower taxes for businesses and individuals, in order to stimulate demand, support investment, boost economic growth and create jobs.
Industry update: AAT's warning to the ATO in the latest GST case
The Administrative Appeals Tribunal (AAT) has recently overturned an ATO decision relating to a motor vehicle dealer’s entitlement to GST input tax credit (ITC) and luxury car tax (LCT). Mr Skourmallas claimed a GST ICT and LCT decreasing adjustment in relation to the acquisition of an Audi R8 Coupe bought for $263,750.01.
New Year Accounting and Business Resolutions
As the new year approaches, leaving behind the unprecedented and challenging year that was 2020, many of us will be making new goals and resolutions. The new year never fails to bring about a fresh optimism and the opportunity to start anew, reset and progress forward with new goals.