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Cloud Accounting

Cloud Accounting

Cloud Accounting is dramatically simplifying bookkeeping and accounting. It provides greater efficiency and meaningful information to you when and where you need it.

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Accounting & Tax

Accounting & Tax

Taxation law in Australia is complex and our GST tax system places enormous  pressure on compliance and lodgement deadlines.

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Business Establishment

Business Establishment

Establishing your own business can be a fantastic way to help achieve your goals or creating wealth, flexibility and the ability to undertake the work you want to.

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GST

GST

GST compliance is a burden that many business owners struggle to comply with along with all the other activities in managing their business.

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Land Tax

Land Tax

For many investors Land Tax is becoming a burden where the land tax bills that they are receiving are reducing the incentive of investing in property.

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Latest News & Articles

Maximising your current superannuation benefits

Pre-budget speculation around changes to Australia’s current superannuation rules and tax concessions may be a cause for concern among some taxpayers.

However, there are ways to best position yourself now for any potential changes to the superannuation system. Read more...

ATO crackdown on rental property tax claims

The ATO is targeting those who rent out their property for a few weeks during the year but claim a full year’s worth of tax deductions.

The tax office will be paying close attention to rental property owners, especially those who own a holiday home, who incorrectly claim for initial repairs to recently acquired rental properties.

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Changes to collectables

Self-managed superannuation fund (SMSF) trustees should be aware of the new rules for holding investments in collectables and personal use assets that come into full effect on 1 July 2016.

The new rules that were introduced 1 July 2011 have amendments to the guidelines for storage, insurance and valuation of new collectables and personal use assets. The changes are to ensure items are used for genuine retirement purposes and to prevent SMSF trustees from receiving a personal benefit from the investment. Read more...

Renovating an investment property

When renovating an investment property, it is important to keep in mind the taxation deductions available such as depreciation and capital works deductions.

Investors seeking to renovate property that is used for income-producing purposes need to be aware of the tax-deductible expenses that can be claimed as a deduction, either immediately or over several years. Both negatively and positively geared properties can benefit from these deductions.

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Superannuation obligations: employees vs contractors

Employers must be able to differentiate between an employee or a contractor in order to meet their superannuation obligations.

While employees work as a part of a business, contractors provide services to a business through their own business. Employers that fail to acknowledge this difference risk being penalised.

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