SuperStream kick-starts on 1 July 2015 for businesses with less than 20 employees and you have until 30 June 2016 to meet the SuperStream requirements. The new reform simplifies employer superannuation contributions by requiring all businesses to make payments electronically to all funds. Small bus...

Read more: Get ready for SuperStream

In the budget on 12 May 2015, the treasurer announced that small business will be able to immediately claim a tax deduction for assets costing less than $20,000 as opposed to currently being able to write off assets costing less than $1,000.  What does this actually mean for you?   Is this law y...

Read more: $20,000 Asset Write Off

Good news everyone I am getting a tax refund! But wait … I haven’t lodged my tax return and I actually have to pay tax this year! Over the past few months I have received quite a few questions from people who have received emails from the ATO advising them they are entitled to a refund, I have ...

Read more: Beware of SCAM refund emails

It is common for businesses to make GST errors in their BAS. The majority of these mistakes are unintentional. The ATO recently reviewed all of the BAS adjustments made as a result of auditing and revealed that over 80% were the result of inadvertent GST mistakes. Examples of common mistakes inclu...

Read more: Avoiding the usual GST errors

The ATO has recently released an app to help individuals and small business owners.    You can use the new ATO app to: determine if your worker is an employee or contractor for tax and superannuation purposes search Small business assist to find relevant information and YouTube video explana...

Read more: The ATO has an App!

On Friday 28 February 2014 we will be moving approximately 400 metres north to Suite 4, 154 Fullarton Road, Rose Park.  The 2013 year was an excellent year at MJN Accounting. Many clients referred their friends and business associates to us to support them with their business and accounting needs....

Read more: We are on the move!

You have probably heard this term in the medial lately, therefore I have added this article to provide you with a background of what they are referring to. The Federal Government has introduced changes to the superannuation system designed to make Australia’s superannuation system stronger and mo...

Read more: What is 'Stronger Super'?

This is the first in a series of articles looking at how you can protect your hard earned assets; your home, your business and/or your investments. Like all financial matters, you must have a strategy. Unfortunately for many their asset protection strategy stops with insurance believing this will c...

Read more: Protect Your Assets

We have been working with Roxby and other remote area workers for over 20 years and during this time have been asked a lot of questions about zone rebate.   History The Zone rebate was introduced in 1945 to recognise the disadvantages that people in remote areas encounter.  For example the high...

Read more: Zone or Remote Area Rebate

There are now greater penalties in place for breaches of most Australian tax laws. The ATO has increased the value of a penalty unit from $110 to $170, the first such increase since 1997. A maximum of 5 penalty units for a very late tax return increases $300 to $850 ($170 x 5) from the previous $55...

Read more: ATO increase in penalties

Useful check for claiming your entitled deductions

Motor Vehicle Checklist

Are you claiming all you’re entitled to? RAA Membership, Parking, Car Insurance? Use this motor vehicle checklist as a guide to help maximise your vehicle related tax deductions.

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Rental Property Checklist

Investment properties incur a number of expenses. Strata fees, insurance, interest and any repairs or maintenance just to name a few. Use this checklis to assist claiming all that you're entitled to.

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Individual Tax Return Checklist

At the end of the financial year it can be a daunting tasks preparing your Individual Tax Return for lodgement. Use this checklist to assist with collecting all the information you'll need.

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