News

Economic Update September 2019

Economic Update September 2019

Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators. 
Category: News
Economic Update August 2019

Economic Update August 2019

Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators. 
Category: News
Is your farm a hobby or a business?

Is your farm a hobby or a business?

Hankering for a hobby farm? Maybe you’ve already turned a few shimmering vines into wine? But is it a hobby or a business? Let us do the taste test and see if you need to start declaring your income. 
Category: News
Getting your personal super deductions right

Getting your personal super deductions right

Recent changes to the law mean many more Australians can now claim deductions for their personal superannuation contributions. But while the eligibility requirements have been lowered, the process for claiming deductions is full of traps. Do you know what steps to take and what to look out for?
Category: News
Economic Update July 2019

Economic Update July 2019

Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators. 
Category: News
Increased super thresholds for 2019-20

Increased super thresholds for 2019-20

Some superannuation thresholds are set for a small boost from 1 July 2019 thanks to the latest figures published by the Bureau of Statistics. While the concessional and non-concessional contribution caps are unchanged, the capital gains tax cap amount and the employment termination payment cap will both increase.
Category: News
Greater flexibility for accessing company losses

Greater flexibility for accessing company losses

The government plans to give companies greater access to prior year tax losses in a bid to stimulate business innovation. A new alternative to the “same business test” – the “similar business test” – will make it easier for companies that have experienced a significant change in ownership or control to carry forward their losses.
Category: News
Economic Update May 2019

Economic Update May 2019

Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators. 
Category: News
Celebrating 25 Years

Celebrating 25 Years

We are proud to be celebrating our 25th year during 2019. Founded by the Late Peter Bodycoat in 1995, the past 25 years have seen many changes in our business, industry and local economy.

Category: News
Bitcoin - Personal investors

Bitcoin - Personal investors

You may know what bitcoin is, but do you know about the tax consequences if you decide to invest in bitcoin on a personal level? Here we explore the implications for income tax, GST and CGT.
Category: News
ATO impersonation scams on the rise

ATO impersonation scams on the rise

The ATO has recently warned taxpayers to be alert to malicious scammers who are using increasingly sophisticated methods and technology to impersonate the ATO. A new tactic on the rise involves “spoofing”, whereby scammers mimic a legitimate ATO phone number visible on caller ID to call or send SMS messages to taxpayers, or mimic a legitimate email domain to send emails.
Category: News
Backyard Building Boom

Backyard Building Boom

With house prices rising and well-located land becoming scarce in cities, many Australians are looking for creative ways to tap into the value of their own backyard. Some subdivide, while others take the knock-down and rebuild route. 
Category: News
How to avoid common SMSF mistakes

How to avoid common SMSF mistakes

Running your own self-managed super fund can be time-consuming, but it’s about to get a little easier thanks to a change announced in the May 2018 Budget. From 1 July 2019 SMSFs will be able to move to three-yearly audits if they have three consecutive clear audit reports and lodged their annual returns on time. 
Category: News
Small business tax concessions

Small business tax concessions

You may have heard all about the small business tax concessions, but do you know how you qualify for them and whether you’re making the most of the tax concessions available to you?
Category: News
Tax Traps For Expats

Tax Traps For Expats

Every year more Australians head overseas to work for an extended period. While it can be great fun and a boost for your career, it’s important to remember the tax man will be taking a keen interest in your offshore activities. 
Whether it is the capital gain on your former home, where your super contributions go, or new guidelines around foreign property investments, it is essential to follow the rules or risk paying extra tax. 
Category: News
Airbnb and home sharing - Taxing implications

Airbnb and home sharing - Taxing implications

Do you rent out a part of your home, or a holiday home, on Airbnb, Stayz or another sharing site? Perhaps you see this as a way of making a little extra income to help the household budget or to save for that holiday. But what you may not be aware of are the long-term tax implications of such a move, which may lead to a case of short-term gain causing long-term pain.
Category: News
Got clearance to sell your home?

Got clearance to sell your home?

In the market to sell your house? Before you call in the real estate agents and home stylists, you probably know that you’ll need to have a contract of sale handy. Did you know that you may also need to get a capital gains withholding clearance certificate from the ATO?
Category: News
Plan ahead for a smooth sale

Plan ahead for a smooth sale

The role that small business plays in the economy is generally well understood but how well do the owners of those businesses understand their true worth? The large number of business owners fast approaching retirement will need to do some careful planning if they are to maximise the fruits of their labour.

Category: News
ATO's Online Services

ATO's Online Services

As part of the ATO’s move towards a paperless system, the ATO encourages more and more taxpayers to report and manage their tax affairs electronically using their online services.

Category: News

Recognising and avoiding tax scams and fraud

In an effort to keep up to date with technology and improve its service delivery, the ATO has started moving their communications and interactions with taxpayers away from paper correspondence and towards other methods, such as email and mobile phones (via SMS), for updates and notifications.

Category: News
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