• insurance policy
    Am I Taxed on An Insurance Payout?
    Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and […]
  • changes-ahead
    What Changes on 1 July 2021?
    Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean that everyone […]
  • Superannuation
    Super Guarantee Rate Rising 1 July
    On 1 July 2021, the super guarantee rate will rise from 9.5% to 10%. If you have employees, you will need to ensure your payroll and accounting systems are updated to incorporate the increase to the super rate. If you need help to work out how much super you need to […]
  • skilled migration
    Is It Time for Australia to Rethink Skilled Migration?
    Source: NestEgg When borders reopen, Australia has a chance to reshape its migrant policy, with an opportunity to target younger, more skilled workers, a think tank has revealed. Australia is not attracting the right migrants, instead it should focus on simplifying the process, taking in younger skilled workers, and paying them […]
  • Fringe Benefit Tax
    FBT Exemption, LMITO Tax Bill Introduced Into Parliament
    Source: Accountants Daily Treasury Laws Amendment (2021 Measures No. 4) Bill 2021 was introduced to the House of Representatives on Wednesday and contains two tax measures included in the Morrison government’s 2021–22 federal budget.  The first of them is the government’s FBT exemption, which will provide employers with a way […]
  • cryptocurrency
    ATO Sheds Light on Crypto Compliance Focus
    Source: Accoutants Daily Speaking at a tax-time tips seminar on Thursday, ATO assistant commissioner Adam O’Grady warned tax agents and taxpayers that his office will be closely watching all capital events related to cryptocurrency come tax time.  “It is really important for all capital assets; we will be looking to […]
12 March 2014

The Future Of Accounting In The Clouds

More and more Melbourne accounting firms are adapting cloud computing solutions. Its popularity is not mainly due to the lower costs but more importantly for its near limitless growth opportunities. Understanding Cloud Accounting Are you looking for a Melbourne accountant who stays on top of the latest technological advancement? You […]
7 January 2014

Benefits Of Cloud Accounting

There have been much talk and buzz circulating about cloud accounting and a growing number of Melbourne accountants and Melbourne accounting firms have made the shift. But is it really worth transitioning over or is it just another passing trend? In this article, we will explore the benefits of cloud […]
26 November 2013

Integrating IT Into Your Small Business Accounting

Work With IT Savvy Melbourne Accounting Firm Do you know any business owner who claims he/she enjoys accounting and bookkeeping work? Chances are, you will not be able to find any. In general, accounting work requires the expertise of chartered accountants Australia and is basically viewed as a painstaking task […]
24 October 2013

Why Ask Your Melbourne Accountant About Cloud Accounting?

According to tax experts and Melbourne Accountant, sole traders and small business owners can greatly benefit from could accounting software systems especially in managing their finances and focusing on sustainable growth. It is for this reason that modern businesses these days should hire a Melbourne accountant who is technologically savvy […]
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