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21 08, 2019

A tax accountant in Melbourne explains ATO data-matching

August 21st, 2019|Accounting, Support|

During the last couple of weeks, you may have received a letter from the ATO in the post.  Inside, you’re greeted with a message informing you that you’ve run afoul of the ATO’s automated data-matching system. As part of the ATO’s recent crackdown on dodgy tax claims, more Aussies than ever are expected to receive copies of this letter. But what [...]

14 08, 2019

Our small business accountants explain Labour Hire Licensing

August 14th, 2019|Accounting, Support|

The Victorian Labour Hire Licensing Scheme is a new licensing system, implemented earlier this year to protect vulnerable labour hire workers from exploitation at the hands of labour hire services. This new system aims to regulate labour hire providers in Victoria, and will introduce new compliance obligations for those in this industry. However, it isn’t just providers who will be [...]

22 07, 2019

Our small business accountants share debt collection tips

July 22nd, 2019|Accounting, Tips & Tricks|

As we’re sure you know, cash flow is crucial in your business. If payments aren’t coming in on time, you won’t have enough money on hand to keep up with your overheads. So when you provide a service and the client doesn’t pay on time, it’s natural to feel irritated - in fact, many would say you have the right [...]

5 07, 2019

A business tax accountant in Melbourne explains fringe benefits tax

July 5th, 2019|Accounting|

So you’ve come into a sudden increase in business and you want to share the love around with your staff.  In addition to offering pay rises, you’ve also decided it would be a good gesture to start adding extras to their contracts as a small thank-you for all of their hard work. While all these extras might be doing wonders [...]

27 06, 2019

A business accountant in Melbourne explains single touch payroll

June 27th, 2019|Accounting, Payroll|

When people think about opening their own business, their minds tend to linger on a couple of things: The freedom to be their own boss How much money they’ll bring in The potential for future growth What prospective business owners don’t realise is that small business owners are some of the hardest-working people around – according to some surveys, more [...]

7 06, 2019

Our tax accountants in Melbourne answer: do you need to lodge a tax return?

June 7th, 2019|Accounting|

It’s hard to believe that it’s June already. And we all know what that means: it’s nearly tax time! While the idea might not exactly fill you with joy (though it does at our end!), filing your taxes is an important part of your responsibilities as a resident in Australia. Determining whether you need to file a tax return should [...]

10 05, 2019

Our Melbourne accountants explain 4 ways technology has changed our industry

May 10th, 2019|Accounting|

Remember how much of a struggle it was to contact someone before mobile phones were everywhere? Or how you used to have to call the cinema to find out what was showing? Or how hard it was find out an obscure fact, or which actor is in that movie? Yes, technology has certainly made our lives a lot easier. And [...]

22 04, 2019

Our tax accountant in Melbourne explains the “cents per km” method

April 22nd, 2019|Accounting, Tips & Tricks|

Unlike your personal tax return, businesses activities are subject to many additional tax obligations, depending on their operations. Even if you aren’t a business owner yourself, certain expenses incurred in the course of performing your job can impact your tax, as well as the deductions you’re eligible for. Long story short, business activities can result in your tax returns becoming [...]

12 04, 2019

Our tax accountants in Melbourne explore the 2019 federal budget and election

April 12th, 2019|Accounting, Support|

The battlelines have been drawn. The attack ads are coming out. Funding promises are being made. With the date finally confirmed as Saturday, 18th May, Election Season is in full swing. Combine that with the recently-announced government budget, and it’s no wonder so many people are talking to tax accountants in Melbourne with questions about how their tax obligations and [...]

22 03, 2019

Can you afford an audit? A Melbourne tax accountant explains the audit process

March 22nd, 2019|Accounting, Support|

You’ve got a lot going on at the moment. Perhaps it’s a busy sales season, or you’ve just landed yourself a big client. It could even be something going on with your private life, such as planning for an upcoming holiday or a major purchase. And then you receive a letter. You open it, noticing the distinctive ATO letterhead and [...]