Government tax cuts

by | Nov 29, 2016 | Uncategorised

Tax has been increased by the Australian Government from the 32.5% tax threshold $37,001 – $80,000 to $37,001 – $87,000.The tax tables have changed for employees who earn over $80,000. You need to download the updated tax tables from ato.gov.au/tax tables...

Registered Tax or BAS agents

by | Sep 14, 2016 | Uncategorised

Registered tax agents are entitled to charge you a fee for preparing tax returns and preparing activity statements. Tax agents give advice and services on all tax and super issues, lodging tax returns, prepare notices or statements. Registered BAS agents...

Record keeping

by | Sep 5, 2016 | Uncategorised

Dedicated business bank account (DO NOT put personal purchases through business account) Engage a good accountant Engage a registered bookkeeper/BAS Agent Choose accounting software that best suits the needs of your business Be Organised Use Apps like Receipt Bank or...

GST

by | Aug 23, 2016 | Uncategorised

Goods, services and other items sold or consumed in Australia – a broad-based tax of 10% Registration for GST must be done if: An enterprise/business has a GST turnover of $75,000 (Gross business income – not profit), excluding any GST, non-taxable sales,...

Alert – Scams of impersonating the ACCC

by | Aug 16, 2016 | Uncategorised

Warning from the ACCC to watch out for scam emails claiming to be from the ACCC. They are harmful links that can infect your computer with malware. Email addresses that ends in .gov.au are from Legitimate from government agencies. ACCC’s Scam watch call centre’s e...