• system-outage
    ATO Extends JobKeeper Monthly Declaration After System Downtime
    Despite the business monthly declaration for October JobKeeper payments due on 14 November, the ATO had scheduled its system maintenance for online services for agents over the weekend, effectively affecting access over both days. As such, the ATO has now confirmed it will continue to accept and process late declarations. […]
  • best-worst-smsfs
    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 […]
  • Australian Tax Office
    ATO Flags Key Early Access to Super Dates
    In an online update, the ATO said that ATO offices will generally be closed from midday of 24 December 2020 to the start of business on 4 January 2021. The last fund files prior to Christmas will be sent on 24 December 2020 – this will include all approvals up […]
  • smart-debt
    When Should You Use Debt?
    Source: NestEgg Despite record-low interest rates and changes to credit regulation making it easier for consumers to get a loan, a wealth educator has urged Australians to keep their debt low in order to build wealth. In a conversation with nestegg, Minnik Chartered Accountants director and wealth educator Leah Oliver […]
  • tax-avoidance
    ATO Data Reveals Tax Avoidance Red Flags
    Source: Accountants Daily The ATO has released its first annual report on Common Reporting Standard (CRS) statistics, which contains information on Australian financial accounts held by foreign tax residents as at 31 December 2018. Under the CRS, banks and other financial institutions pass on financial account information on non-residents to the […]
  • payroll-tax
    NSW Announces Payroll Tax Relief for New Jobs
    Source: Accountants Daily NSW Premier Gladys Berejiklian believes the Jobs Plus Program will create or support up to 25,000 jobs to 30 June 2022 by incentivising companies to relocate their head offices to NSW or expand their jobs footprint in the state. A key feature of the program will see […]
22 January 2019

Tax Tips for Newlyweds

The tax implications of marriage probably aren’t the first thing on your minds as newlyweds. Don’t fret, like you, many have not given given any thought to the potentially important tax consequences of their new married status. If you are tying the knot anytime soon, check out these tax tips […]
18 January 2019

Tax Tips for Medical Professionals

Are you a doctor or medical professional working in Australia? You’re probably no stranger to the fact that the more you earn, the harder you’re taxed. As it turns out, you could actually save yourself a lot of money the next time you submit your income tax return. At Nobel […]
3 April 2018

Tax Tips for Australian Consultants

Key points at a glance If you’re a business consultant stepping out on your own, you must familiarise yourself with your tax obligations. This includes knowing about your requirements in relation to having an Australian Business Number (ABN), being registered for Goods and Services Tax (GST), lodging you Business Activity […]
19 March 2018

Taxation Affecting Your Business

If you were employed before you started your business, you’ll find that your tax affairs now become a lot more complicated. Various federal, state and local government taxes and rates can apply, depending on the size and location of your business. While you pay tax on your income, you can […]
22 January 2018

2018 Australian Tax Year Key Dates

The Australian fiscal system can seem daunting, especially if you’re emigrating there for a permanent work position and are due to start paying taxes there for the first time. However, unlike countries such as the US where tax season is essentially year-round, Australia’s only really runs from the 1 July […]
18 December 2017

Accounting for Public Sector Entities, Higher Education & Charities

The not-for-profit sector includes higher education providers, TAFEs, charities, and federal, state and local governments. Not For Profit organisation will generally need to make and spend money, if only to cover the costs of providing their services, day to day operations, and to plan and provide for the future. Finances […]
13 November 2017

Working Holiday Tax in Australia

Australia is a great place to travel and there are lots of opportunities to work whilst you’re here. Unfortunately, a working holiday isn’t automatically a tax holiday and, for the new arrival, the Australian tax system can be a minefield! Travellers who earn income while in Australia will be expected […]
9 October 2017

Tax Considerations For Property Investors

If you invest in a rental property or rent out your current property, you’ll need to keep records right from the start, work out what expenses you can claim as deductions, and declare all your rental-related income in your tax return. Any capital gain you make when selling or otherwise […]
9 October 2017

Tax Considerations For Property Investors

If you invest in a rental property or rent out your current property, you’ll need to keep records right from the start, work out what expenses you can claim as deductions, and declare all your rental-related income in your tax return. Any capital gain you make when selling or otherwise […]
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