• ATO tax tables
    $120m in JobKeeper clawed back by ATO, new compliance areas highlighted
    Source: Accountants Daily Fronting a Senate estimates hearing on Tuesday, ATO second commissioner Jeremy Hirschhorn said $200 million in payments had been stopped permanently, with another $100 million under review. “We have also stopped future claims of another $350 million,” Mr Hirschhorn said. “This is where we’ve found someone was […]
  • jobkeeper
    ‘Critical’ 31 October Deadline Looms for New JobKeeper Enrolments
    Source: Accountants Daily While the JobKeeper extension kicked in late last month, the ATO has allowed employers until 31 October to meet the wage condition for all employees. New JobKeeper entrants will need to go one further by enrolling and submitting their “Check decline in turnover” online form to the […]
  • superfunds
    3 Best and Worst Super Funds Revealed
    Source: NestEgg Stockspots 2020 Fat Cat Funds report has stated that poor performance is largely due to higher fees, with CEO Chris Brycki highlighting to consumers they would be $200,000 better off if they are in a fund charging less than 1 per cent instead of paying 2 per cent. “One […]
  • home ownership
    Should Home Ownership be Part of Superannuation?
    Source: NestEgg Liberal politicians, including Tim Wilson, are in support of superannuation being used to help first home buyers get into the property market by allowing members to dip into their superannuation account. Over the weekend, Tim Wilson told Jane Caro that superannuation should be used to help investors get […]
  • ATO-website
    Employers Cautioned Over ‘Hard and Fast’ Decline in Turnover Eligibility
    Source: Accountants Daily With JobKeeper now requiring entities to satisfy the new actual decline in turnover test, rather than the projected decline in turnover test used earlier in the program, the ATO will be required to follow the strict letter of the law in ensuring the requisite percentage declines are […]
  • smsf
    SMSFs Warned on Quirks with Personal Guarantees, Contributions
    Source: Accountants Daily Given the economic circumstances and the impact of COVID-19, there may be situations with limited recourse borrowing arrangements where the bank or lender calls upon the guarantee where there are defaults on repayments, said DBA Lawyers special counsel Bryce Figot. “You only need to think about a lot […]
16 January 2018

How an Accountant Can Help With Your New Business

There is hardly any large-scale business that operates without an accountant. Most of them have a team of professional accountants that help them in making better financing decisions by keeping the cost under control. Startups and new businesses need an accountant too. Yes, you can manage your startup yourself but hiring […]
30 October 2017

Accounting for eCommerce

Growing an eCommerce business or integrating an eCommerce solution into your existing business requires accountants with real world experience. Nobel Thomas specialise in guiding you through this process. As eCommerce matures and blends with traditional commerce, modern businesses need advisors who can traverse both spaces. Nobel Thomas are among the […]
3 August 2017

Why Hire A Small Business Accountant?

Considering the number of startups that fail in the first year of business, and the challenges entrepreneurs face on a daily basis, it’s apparent that we must help startups understand the importance of working with dedicated professionals. Does a small business accountant cost money? Of course, and it’s one of […]
19 July 2017

Importance of Recordkeeping

For small business owners, with a little study and familiarisation with your bookkeeping software, you should be able to manage your most basic financial records without the help of a Melbourne accountant. This includes the daily recording of transactions, maintenance of a general ledger, and maintenance of your cash records. There are some […]
10 July 2017

Tips on Choosing Accountants in Melbourne

A new business owner has many choices to make such as selecting an office location to picking bank accounts and finding a good accountant in Melbourne. It can often become overwhelming and the temptation is to take shortcuts. But choosing the right accountant can make a huge difference to a […]
19 December 2016

Why You Need to Get An Accountant in 2017

Most business owners don’t really enjoy bookkeeping or accounting. They end up doing it late at night or on weekends, when they’d rather be spending time with their family and friends. Yet they carry on because they have a do-it-yourself (DIY) attitude and they think hiring an accountant is a […]
29 February 2016

Why Hire a Melbourne Accountant When Acquiring a Business?

The city of Melbourne is a choice spot for businesses. No wonder many of Australia’s biggest companies chose it to house their head offices. If you’re planning to have your own business in this thriving city, acquiring an existing company might pique your interest. Buying a business in Melbourne or […]
13 April 2015

Accounting For Tradesmen

So you consider yourself a smart operator when it comes to offering your professional services, may it be plumbing, electronics, carpentry, landscaping or whatever type of trade you may be in. However, aside from ensuring customer satisfaction, you are also faced of an equally challenging task of keeping your books […]
27 February 2015

Meeting With Your Financial Planner or Melbourne Accountant

You would want to make the most of your first meeting with you financial planner or Melbourne accountant, which can be your trusted Melbourne accountant. Make sure you’re organised and know exactly what to bring. A financial planner or Melbourne accountant is a person who helps us with our finances […]
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