Archive for the Uncategorized Category

Changes to the GST Treatment of Digital Currency

Changes to the GST Treatment of Digital Currency

If you use digital currencies (e.g. Bitcoin) in your business, then you would have had to pay GST twice: Once on the purchase of the digital currency; and Again when using the digital currency to purchase any items already subject to GST. From 1 July 2017 onwards […]

Read more

Work Christmas Parties & Gifts

Work Christmas Parties & Gifts

Planning your work Christmas party, all those decisions to make, who has been naughty or nice!  Not to be a Grinch but there is a bit more to think about then how much to spend on your Secret Santa gift! Things to Consider: You’ll need to consider […]

Read more

Single Touch Payroll Reporting Starts 1 July 2018 – Is Your Business Ready?

Single Touch Payroll Reporting Starts 1 July 2018 – Is Your Business Ready?

From 1 July 2018 onwards employers with more than 20 employees must use Single Touch Payroll Reporting. What is Single Touch Payroll? You will need to ensure the payroll system you are using is updated for Single Touch Payroll. Newer software packages such as cloud based MYOB, […]

Read more

How to Protect Yourself, Your Family and Friends from Scams

How to Protect Yourself, Your Family and Friends from Scams

The most common scams reported to the ATO are phone calls where the scammer demands payment for a fake tax debt and emails requesting personal information or a fee to release a refund.  These scammers use sophisticated techniques to get your money or data and use a […]

Read more

Non-Compulsory and Compulsory Work Uniforms and Their Tax Deductibility

Non-Compulsory and Compulsory Work Uniforms and Their Tax Deductibility

Non-Compulsory and Compulsory Work Uniforms and Their Tax Deductibility You can’t claim expenses incurred for non-compulsory work uniforms unless your employer has registered the design with AusIndustry. Compulsory uniforms which are strictly enforced and must be worn at all times are not required to be registered and […]

Read more

Going Overseas (or currently living overseas) and Have a HELP or TSL Debt?

Going Overseas (or currently living overseas) and Have a HELP or TSL Debt?

From 1 July 2017 onwards your HELP/TSL repayment will be based on your worldwide income.  You will also be required to submit an “overseas travel notification” if you meet certain criteria. What these changes mean for you if you will be travelling overseas, or already reside overseas […]

Read more

$20,000 Instant Asset Write-Off Extended to 30 June 2018

If your business has a turnover of less than $10 million it can write off assets costing less than $20,000 each (exclusive of GST). The entire cost of the asset must be less than the instant asset write-off threshold, irrespective of any trade-in amount. In working out […]

Read more

Do You Need to Adjust your Super Salary Sacrifice Amount Due to the Lowering of the Concessional Contributions Cap?

From 1 July 2017 onwards the ATO is reducing the concessional contributions cap to $25,000 for everyone.  In prior years the cap was $35,000 for individuals aged 49 and over and $30,000 for those under age 49. Therefore, for the 2017/2018 financial year the maximum that anyone […]

Read more

Air BnB – Be Aware of Tax Implications

Thinking of joining the sharing economy and renting out part or all of your home?  You may want to consider these points: You need to keep records of all income earned and associated expenses (e.g. commissions, council rates, interest on a loan for the property, gas, electricity, […]

Read more

Budget change to reduce investment property deductions

From 1 July 2017 onwards depreciation on plant & equipment (e.g. dishwasher, air conditioner, etc) will be limited to outlays incurred by property investors. Investors who purchase plant & equipment for their residential property investment after 9 May 2017 will be able to claim a deduction over […]

Read more
Page 1 of 512345

Find Us – The Gap

Head Office Address

Suite 8 The Gap Professional Ctr
23 Glen Affric Street
The Gap QLD 4061
Phone: 07 3300 4633
Fax: 07 3300 5758

Find Us – Gold Coast

Gold Coast Address

Suite 8
23 Musgrave Avenue
Chirn Park QLD 4215
Phone: 07 5532 5050
Fax: 07 3300 5758

Find Us – Samford

Samford Address

Shop 9 Samford Country Centre
19 Main Street Samford Village
Samford Village QLD 4520
Phone: 07 3300 4633
Fax: 07 3300 5758

Latest News