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What Happens If You’ve Missed The Tax Lodgement Deadline?

2020 has been a tough year for everyone. The pandemic has ravaged people and industries all over the world. With so much going on, it can be difficult to juggle our tasks and responsibilities.

Samip Katuwal

· 2 mins read

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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 …

Samip Katuwal

· 2 mins read

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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

Samip Katuwal

· 2 mins read

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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.

Samip Katuwal

· 15 mins read

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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.

Samip Katuwal

· 2 mins read

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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.

Samip Katuwal

· 2 mins read

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Tax Scammers ALERT!!!!

ATO warns of scammers impersonating tax agents The ATO warns taxpayers to be aware of a phone scam intimidating people into paying fake tax debts. It is a new approach where the scammers impersonate registered tax agents.

Samip Katuwal

· 0 mins read

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A tax accountants guide to organising your finances

It’s the beginning of the year, or quarter, or month and you have promised yourself (yet again) that you will set some time aside to organise your finances.

Samip Katuwal

· 3 mins read

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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.

Samip Katuwal

· 3 mins read