Our Latest Accountancy News

How To Avoid Penalties On Late Tax Returns?

June 5, 2023

Understanding tax return deadlines and ensuring timely submissions is an important aspect of managing personal and business finances. Whether you’re an individual or a small business, navigating tax returns can be tricky and while it may be tempting to put off your tax return, don’t! It can result in costly penalties and a bad reputation.…

Accountant And A Businessman Discussing Business Charts

How Chartered Accountants Help Small Businesses

May 2, 2023

Heather Moore

Accountant, General

Accountants, Chartered Accountants, Small Business

The Role of Chartered Accountants in Business Chartered Accountants (CAs) are financial experts who provide a range of services, from bookkeeping and tax planning to financial strategy and business advice. By partnering with a trusted CA, small businesses can feel confident their financial matters are in capable hands. The Importance of Having a Chartered Accountant…

COMPANY MONEY: A guide for owners

April 18, 2023

Heather Moore

General

When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is money you have already paid tax on. So, it only seems fair that when the business is up and running the business can pay you back. Right? There a myriad…

How Does Tax Apply to Electric Cars?

April 18, 2023

Heather Moore

Information, Small Business

Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. The FBT exemption for electric cars If your employer provides you with the use of a car that is classified as a zero or low emissions vehicle there is…

Property Investment Benefits - Newcastle, NSW

What will the ATO be Asking about your Holiday Home?

March 23, 2023

Heather Moore

Property, Property Investment

Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise claims: How many days was it rented out and was the rent…

The ‘Super’ Wars

March 23, 2023

Heather Moore

Money Talk, Self-Managed Super Fund

A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget. What is the purpose of superannuation? At first glance, the consultation released by Treasury in February titled Legislating the objective of Superannuation sounds innocuous enough. The consultation seeks to anchor…

What’s the Deal with Working from Home?

March 23, 2023

Heather Moore

Budget, Case Study, Information

The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to use a new ‘fixed rate’ method (67…

hand holding piece of jigsaw puzzle with word FINANCIAL PLANNING

Why You Should Hire A Financial Advisor

February 16, 2023

Heather Moore

Insight, Money Talk

advice, Financial Planning

When it comes to managing your finances, getting the advice of a professional financial advisor can be beneficial. Financial advisors are highly trained professionals that specialise in helping people make sound decisions with their money. They can provide guidance on how to save for retirement, invest wisely and stay ahead of economic trends. A financial…

How good is ChatGPT at tax?

February 10, 2023

Heather Moore

Case Study, Insight

advice, ChatGPT

Not being paranoid or anything but we were curious about the skills of the latest innovation to take the world by storm, ChatGPT, and its ability to work with the Australian tax system. Let’s start by saying that we were impressed. Not so much by ChatGPT’s ability to work with the complexities of the tax…

Full throttle in 2023

February 10, 2023

Heather Moore

Budget, Information, Money Talk, Small Business, Spending

Business Plan, planning, strategy

In a volatile market, keeping to a strategy, or let’s face it creating one, can be tough. The downside of not taking time out for your strategy is that there is a tendency to keep a short-term focus at an operational level to try and pick quick wins to generate financial returns. Sometimes in the…

How To Avoid Penalties On Late Tax Returns?

How Chartered Accountants Help Small Businesses

COMPANY MONEY: A guide for owners

How Does Tax Apply to Electric Cars?

What will the ATO be Asking about your Holiday Home?

The ‘Super’ Wars

What’s the Deal with Working from Home?

Why You Should Hire A Financial Advisor

How good is ChatGPT at tax?

Full throttle in 2023

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