• 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 […]
  • Government Scraps Work Test for Voluntary Superannuation Contributions
    The government has announced it will allow individuals aged 67 to 74 years (inclusive) to make or receive non-concessional (including under the bring-forward rule) or salary sacrifice superannuation contributions without meeting the work test, subject to existing contribution caps. Individuals aged 67 to 74 years will still have to meet the […]
  • ATO tax tables
    ATO Offers Lodgement Deadline Support
    The Tax Office on Friday announced that tax practitioners still affected by the impacts of COVID-19 can now request for help through a dedicated phone line linked to the tax agent lodgement program fast key code. “I have been so proud of the way the tax profession has stepped up […]
  • Your SMSF: When Expenses and Investments Are Not at Arm’s-length
    We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members). We’ve set out some of the common questions and answers. […]
30 July 2014

Top #3 Accounting Mistakes That Could Put Your Business At Risk

Another major mistake which is actually quite common especially among small businesses and entrepreneurs is the failure to properly record cash expenses. This can present a serious concern especially when it’s time for your Melbourne accountant to prepare your income statement. It is critically important for businesses to keep track […]
16 July 2014

Top #2 Accounting Mistakes That Could Put Your Business At Risk

Another very common accounting mistakes people make is failing to keep their receipts, which can give your Melbourne accountant some serious headaches. Failing to keep your receipts can result to a series of cash flow, tax and accounting problems. Take time to jog your memory. How many times have you […]
14 July 2014

Top #1 Accounting Mistakes That Could Put Your Business At Risk

Accounting mistakes does not only expose your business to penalties and audits, it can also impede the growth of your company and even put it on a shaky ground. This is why it’s a practical decision to hire a competent Melbourne accountant instead of trying to figure things out, especially […]
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