NEWS & INSIGHTS
Q1 BAS deadline is approaching
24 October 2018 The first quarter of the new financial year is almost over already! But before you get too preoccupied with the upcoming silly season, tick your Q1 BAS off the list first. TO help you out, here are a few useful tips, courtesy of the ATO* BAS record...
How fintech lenders can help small businesses jump short-term hurdles
8 October 2018 SME’s are increasingly taking advantage of the convenient short term finance opportunities that fintech lenders provide. At the core of it all fintech (financial technology) lenders and banks provide the same basic function – they both offer financial...
Does FBT apply to the office Christmas party?
8 October 2018 Implications of your Christmas Party from a FBT perspective With the festive season fast approaching, employers may begin planning their Christmas party and should be aware of the tax implications of such events. When an employer provides a non-cash...
$20,000 instant asset write-off scheme extended
19 September 2018 The Senate has delivered some good news for 3.3 million eligible Australian small businesses by passing the extension of $20,000 instant asset write-off scheme. Treasurer Josh Frydenberg recently announced the extension passed through the Senate,...
Timely reminder to stay vigilant against tax scammers
17 September 2018 A fresh warning from the ATO has been released regarding a reported spike in tax scammers activity. Posing as tax agents, scammers have been tricking victims into paying large amounts of money, under the guise of ATO imposed fines. This particular...
ATO has working from home deductions in its sights
13 September 2018 The ATO has released a statement calling for accuracy when calculating work-related tax deductions. The statement revealed a record $7.9 billion worth of ‘other work-related expenses’ were claimed by 6.7 million individuals last year. This figure...
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