• 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 […]
17 November 2014

How to Prepare Financial Statements: Essential Requirements

At the end of certain specific period you would need to close the books of accounts with the assistance of a Melbourne accountant. While preparing a financial statement, must keep in mind that it is a document that contains information about financial health of your business or profession. So, must […]
18 December 2013

Payroll Accounting Tips Every Business Owner Should Know

Whether you are running a small business or a large corporation, the preparation of payroll accounting can be quite a pain and best left to a Melbourne accountant. Aside from ensuring every employee is properly compensated, one of the major challenges of payroll Melbourne accountant or a Melbourne accounting firm […]
16 December 2013

What Is Forensic Accounting?

What Does A forensic Melbourne Accountant Do? Every once in a while, the services of a Melbourne accounting specialising in forensics is needed, even by small business owners. You will basically need to work with expert Melbourne accountant to analyse, interpret, summarise as well as present complex business and financial […]
17 November 2013

Should You Outsource Your Accounting Services?

For small businesses, outsourcing Melbourne accounting services is widely viewed as a cost-effective solution, especially for small operations that do not actually require a full time and in house chartered accountant. For years, outsourcing has greatly helped many companies, even established ones from cutting down their overhead costs and keeps […]
Book Consultation