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As some dates may vary, please ensure you contact the Australian Taxation Office to check any dates in question. When the due date for lodgment or payment falls on a Saturday, Sunday, or Public holiday, it may be done on the next business day. READ MORE HERE
Read MoreHi Everyone, Hope you had a great Christmas and an even better New Year. We hope you were not affected to much by the Christmas Night Storm/Tornado and the New Year rains. In saying that, we had a visit from a representative from the Queensland Government and local council who provided the below information regarding financial […]
Read MoreChristmas and New Year Office ClosureOur office will close at 5.00pm Tuesday 19th December 2023 and re-open at 8.30am Monday 8th January 2024. For any URGENT matters, please contact Craig ATO’s lodgment penalty amnesty is about to endThe ATO is remitting failure to lodge penalties for eligible small businesses. Businesses which have not yet taken […]
Read MoreTaxpayers need to get their ‘rental right’ The ATO reminds rental property owners and their tax agents to take care when lodging their tax returns this tax time. When preparing their tax returns, taxpayers should make sure all rental income is included, including income from short-term rental arrangements, renting part of a home, and other […]
Read MoreEmployers may be entitled to claim GST input tax credits for payments they have made to reimburse employees for expenses that are directly related to their business activities. A ‘reimbursement’ is provided when a taxpayer pays their employee the amount, or part of the amount, of a particular work-related purchase they make. Employers are not […]
Read More2023/24 Budget Update On 9 May 2023, Treasurer Jim Chalmers handed down the 2023/24 Federal Budget. READ MORE HERE
Read MoreThe Government recently announced it will be imposing a 15% additional tax on individuals that have more than $3 million in superannuation. The new measure is expected to commence from 1 July 2025 (i.e., the start of the 2026 income year). READ MORE HERE
Read MoreAs some dates may vary, please ensure you contact the Australian Taxation Office to check any dates in question. When the due date for lodgment or payment falls on a Saturday, Sunday, or Public holiday, it may be done on the next business day. READ MORE HERE
Read MoreATO warning to SMSFs: “Paying the price for non-compliance”There are various courses of action available to the ATO when trustees of self-managed super funds (‘SMSFs’) have not complied with the super laws, including applying administrative penalties. READ MORE HERE
Read MoreDirector ID deadline is approachingThe Government has launched an awareness campaign to help company directors get their director identification number (‘director ID’) as the 30 November deadline approaches. A director ID is a unique 15‑digit identifier that a company director will apply for once and keep forever. Director IDs are administered by the Australian Business […]
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