6 09, 2019

Our personal accountants in Bayside explain the work test exemption

September 6th, 2019|Accounting, Support|

With each new financial year comes a new raft of proposed changes to taxes and superannuation. And the financial year beginning July 2019 is no different. While most Australians are no doubt familiar with the Government’s proposed tax cuts which are due to come into effect over the coming years, one change that fewer people are aware of are the [...]

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 [...]

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 [...]

13 03, 2019

A Melbourne tax explains Division 7A – does it affect tax accounting?

March 13th, 2019|Accounting, Support|

Division 7A: even the name sounds intimidating! As the owner or shareholder of a private company, it’s relatively normal (and completely legal) to receive or borrow money from your own business - assuming you do it properly, that is. Borrowing money from your own business comes with several unique accounting requirements. If these requirements aren’t followed, you may land yourself [...]