Category: Tax Category

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Natural disasters and help with your tax

Now that we are well into bushfire season, and even flooding events have already occurred, it is timely to be reminded that as well as

Calculating income tax deductions

The calculation of income tax for businesses becomes more complex as business activities and income streams grow.There are two primary considerations that arise when calculating

Digital record-keeping

Businesses should aim to move towards digitising their tax, super and employee-related documents as per recommendation by the ATO.Digital record-keeping has many advantages and can

3 business service components your company strategy needs

At the end of the day, it is every company’s goal to find success in some capacity. Often that achievement is multi-pronged; businesses want both

Claiming interest expenses for rental properties

Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or producing assessable

NSW Budget 2020

The NSW budget was handed down 17 November 2020 with a few key points to note:Payroll tax The payroll tax rate will be reduced from

New data matching programs for the ATO

Over the first quarter of this financial year, the government has initiated two new data-matching programs, using data that the ATO holds.Data matching involves bringing together

Varying PAYG instalments because of COVID-19

PAYG instalments is a system that helps you manage your expected tax liability on income from your business or investments for the current income year

Tax return tips

Despite the current COVID-19 world in which we live, the procedures for completing and lodging tax returns remains pretty much the same. So, before we