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Important Notice for AccountRight Clients

If you’re still using AccountRight 2016.2 you’ll need to update to the latest AccountRight version BEFORE 10 MARCH 2017 to keep working online. Updating is FREE and the latest version has all the benefits of online accounting, plus a new innovation to give you greater insight into […]

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Welcome 2017

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Christmas Closure

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The Sharing Economy

The ATO is cracking down on undeclared taxable income earned in the “sharing economy”. Sharing economy services that you may earning income through, such as Uber, Lyft, Airbnb, or just through your own methods, is likely not to be tax-free hobby income but rather income that would […]

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Is A Contractor Really An Employee?

Is A Contractor Really An Employee?

Is A Contractor Really An Employee? There are so many myths about when is a contractor really an employee? Not understanding the differences could leave you in a lot of trouble with the ATO. Here’s a short video explaining more.   There are a number of key determinants […]

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Working extra hours at home?

Clients are encouraged to track how many hours they are spending in a dedicated office at home as you may be able to claim some expenses at in one’s own income tax return. There are two methods for claiming home expenses: using a diary for actual costs […]

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Changes to the Age Pension rules – will you be affected?

Changes to the Age Pension rules – will you be affected?

Changes to the Age Pension rules – will you be affected? From 1 January 2017 Government changes to the Age Pension are likely to reduce pensioner entitlements. It’s important that you understand how the changes could affect you. Increase in the Assets Test threshold The Assets Test […]

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Another Timely Warning Against Identity Theft

Another Timely Warning Against Identity Theft

Another Timely Warning Against Identity Theft The ATO is reminding Australians to protect themselves against identify theft this tax time. Assistant Commissioner Graham Whyte said identity theft was more common during tax time because of the large number of people lodging tax returns. “With the amount of […]

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Tax time is prime time for scams

Tax time is prime time for scams

Tax time is prime time for scams Yet again, the ATO is warning tax payers against fraudsters attempting to scam them by posing as ATO representatives. In 2015 almost 87,000 phone and email scams were reported to the ATO, an increase of over 90 per cent from […]

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Tax Scheme Sound too good to be true? It probably is!

Tax Scheme Sound too good to be true? It probably is!

Tax Scheme Sound too good to be true? It probably is! The ATO has launched Project Super Scheme Smart, an initiative aimed at educating advisers and individuals about the potential pitfalls of retirement planning schemes. The ATO has had considerable success to date in shutting down tax avoidance […]

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