Latest News

Excessive surcharges on credit card banned

By Sara Harrington / January 23, 2018 / 0 Comments

It is now illegal for businesses to charge more than the amount it costs them to take card payments — about 1.5 per cent for a Visa or Mastercard, or just 0.5 per cent for a debit card.   The excessive surcharging ban has applied to large businesses since 1st of September last year. The […]

Read More

Self Managed Superfunds

By Sara Harrington / March 17, 2015 / 0 Comments

Setting up and managing your own superannuation sounds like a great idea –  a self-managed fund can give you the flexibility to control where your retirement savings are invested. Although the money is locked away until you retire, the superfund can help you to build wealth – through shares, fixed interest investments or property, for […]

Read More

Is Cloud Accounting For You?

By Sara Harrington / January 22, 2015 / 0 Comments

Is Cloud Accounting For You? As part of the trend towards ‘cloud computing’ there has  been a major move to accounting applications being made available online. Initially,  accounting software for the cloud was very basic but it is becoming more and more sophisticated.  Quickbooks and MYOB both now offer cloud options and a major player […]

Read More

By Sara Harrington / April 8, 2012 / 0 Comments

The Good News Small business concessions: changes to simpler depreciation rules apply from 2012-13 From 2012-13: the small business instant asset write-off threshold has been increased from $1,000 to $6,500 the long-life small business pool and the general small business pool have been consolidated into a single pool to be written off at one rate […]

Read More

The ATO is looking hard and long at the “cash economy”

By Sara Harrington / March 30, 2012 / 0 Comments

The Tax Office will be making it harder for people in business who deliberately use cash transactions to hide their income and to evade their tax obligations.  Strategies used by the Tax Office to tackle the cash economy include the publication of benchmarks, educating the community, acting on information from the community from suspected tax […]

Read More

Latest from the ATO re Personal Tax Changes

By Sara Harrington / March 5, 2012 / 0 Comments

Personal tax changes from 1st July 2014   Temporary Budget Repair Levy   A 3-year temporary levy on individuals with taxable incomes in excess of $180,000 per annum (and, therefore paying tax at the top marginal rate – currently, 47%, including the Medicare Levy), will be introduced on 1 July 2014. From 1 July 2014 […]

Read More
Call Now Button