Using A Bucket Company To Cap Your 2021 Business Tax

In the lead up to 30 June 2021, we want you to know why using a “bucket company” can be a great strategy for saving tax on trust profits distributed. Do you have a Discretionary or Family Trust that generates profits? If yes, then this strategy may apply to you. A “bucket company” allows you […]

Minimise Your 2021 Business Tax

With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June 2021 to reduce your tax and grow your wealth. For 2021, key priorities are likely to include: Maximizing superannuation contributions without exceeding the relevant limits Bringing forward deductible expenses Deferring taxable […]

ATO myDeductions tool

Are you looking for a quick and easy way to manage your records this financial year? The ATO have released a new myDeductions tool available as part of the ATO app. The tool allows you to use your smart device to record and capture a range of work-related and general expenses, photos of invoices and […]

Ready For Tax Time

We know it’s a busy time of year for everyone, but you need to start getting ready for tax time – yes, it’s almost upon us again. We want to make it as easy as possible: At the beginning of July 2018, we will be sending out our normal tax information gathering checklists to make […]

IMPORTANT – Major GST changes affecting developers from 1st July 2018

Due to a significant number of developers failing to remit the GST collected on the sale of properties in the past, the Australian government has introduced some significant changes that now require the purchaser of a “new residential property” to withhold GST from the purchase price or a property and remit this amount to the […]

Single Touch Payroll

Single Touch Payroll You may have heard of the term Single Touch Payroll Reporting (‘STPR’) being bandied around lately. The belief is that STPR will streamline the way employers report some tax and superannuation information to the ATO. From 1 July 2018, it will be compulsory for employers with 20 or more employees to use […]

ATO warning regarding Small Business record-keeping

Source – According to the ATO, of all the things that can cause small businesses to fold, “high on that list is poor record keeping”. More than half of the businesses they visited in their Protecting honest business campaign needed to improve their record keeping. Issues they found include businesses: estimating their sales and […]

Welcome to the world of Digital Disturbance

Here we are in 2018, were digital disturbance is more prevalent than ever. Every single day we are forced into changing the way we work and live, and if you blink, you risk being left behind. Gone are the days of renting a DVD at your local store, visiting the bank is a thing of […]