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Why Do You Need a Tax Accountant?

Tax accountants can make your life very easy and straight forward. They can help you to create business expansion opportunities that you never thought possible. Managing your tax might be a fairly uncomplicated process for few, but a very time consuming one. And it does not end there. Doing your taxes goes well beyond just simply paying your taxes on time and filing the returns. It calls for a firm understanding of certain ways to reduce your tax payments and get more benefits out of it. Here is a list of reasons why you may want to consider seeing a tax accountant:
  • Anticipation
Having the support of qualified tax accountant can help you prepare for all the tax related expenses well before time. This helps you to focus on how to manage your business in a...

April – 2017 Practice Update

April – 2017 Practice Update covers following points
  • Reduction in FBT rate from 1 April 2017
  • Lump sum payments received by healthcare practitioners
  • Tax officers "hit the streets" to "help small businesses"
  • Planned changes to GST on low value imported goods
  • Company disallowed $25 million of carried forward tax losses
  • Super changes may require action by 30 June 2017!
  • Working holiday makers – 2017 early lodgers
Click here for: April – 2017 Practice Update...

Is the ATO Snooping on Your Social Media?

If this article heading stopped you dead in your track then you’re probably not aware of this possibility. In the light of an article recently published in the Sydney Morning Herald, we would like to inform you about the possibility of the ATO snooping around on your social media accounts to determine if what you’ve been claiming is true. This sounds slightly alarming, but if you’ve come clean about your income and expenses, then you have not a thing to worry about. In a time where people seem to share every moment of their life, be it what you had for breakfast to your office promotion or to having your first child, social media is a record on everything about you! So if you’re telling the ATO that you’ve only earned $100k in the last year,...
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