Don’t forget some of you have to lodge your Tax Returns by the end of this month…..you know who you are…..
Lets start early this year to work out your June 2016 BAS & then we can start on the Tax Returns. Let us know if you need help with end of year rollovers or your Payroll. See you soon.
The current financial year is almost at an end, and with an election to be held two days later the recently announced federal budget measures will of course have no chance to take effect until sometime into the next financial year, if at all. But in the meantime there are still many strategies […]
The ATO has allocated additional resources for audit activity and continue to refine their data matching capabilities, so it’s becoming increasingly likely that you will receive some form of audit, investigation or inquiry from a government agency. If your business or individual return is subjected to a random audit, review or investigation, you are responsible […]
Winter is coming…it’s the 1st June & that’s a fact. 29 days later it’s the end of the 2016 Financial Year. Why don’t you think about spending some time on these lovely cooler nights making sure your tax planning is right up to date. Are there some deductions you can make before EOFY that will […]
Don’t forget to take a note of the odometer reading on the motor vehicle at the end of today.
myDeductions Are you always on the go? Save time and keep your tax organised with the ATO app’s myDeductions tool. The myDeductions tool makes it easier and more convenient for you to keep your individual income tax-related deductions all in one place. Watch the quick demonstration to see how you can save time and keep your records organised with myDeductions. […]
Don’t forget about the summary report to the ATO for all the subcontractors that you had working for you this financial year. You may receive a reminder direct from the ATO. Please call us if you need some help.
The ATO has reminded us that the net medical expenses tax offset (NMETO) is being phased out. To be eligible for the NMETO for 2014-15, individual taxpayers must have received an amount of the tax offset in both of their 2012-13 and 2013-14 income tax assessments. The ATO says that if the taxpayer’s 2012-13 notice of assessment shows […]
“The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin.” ― Mark Twain