• 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. […]
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    The Top 8 reasons Why Staff Leave
    Australia is facing a shortage of skilled labour. When the supply of staff dry up the focus often turns to retention. But, the first step is to understand why people you want to stay, choose to move on? Change in leadership – Leadership vacuum or concern about the impact of […]
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    ATO Touts New Account Viewing
    In an update from the ATO, it outlined that it had made a number of improvements for tax professionals to “make it easier” to view clients’ accounts in online services for agents. The changes detailed in the update include the development of a single system for activity statements and franking […]
  • Australian Tax Office
    ATO Signals Crackdown on 4 Ineligible Work-From-Home Claims
    The ATO on Thursday urged all taxpayers to be aware that, while the temporary shortcut method will remain available to those claiming work-from-home deductions this year, personal and occupancy expenses, among others, cannot be claimed through any method. Personal expenses like coffee, tea and toilet paper — while may be made […]
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    Taxpayers Urged to Keep Work-From-Home Records
    Although Australia has fared well throughout COVID, our working patterns have changed in step with the rest of the world, as expected,” said David Tomasi, chairman of Moore Australia. “It is important that Australians are aware of their entitlements under the ‘new normal’.” While tax agents should be advising their […]
20 August 2018

Business Accounting for Manufacturing Companies

Manufacturing isn’t like other types of business. Retailers sell stock and service companies sell their time, but only manufacturers create new products from scratch. This can lead to accounting problems. Manufacturing businesses have to account for their raw materials and processing costs, but they also have to work out the […]
4 January 2016

Improving Your Business Accounting Process

Managing the accounting for your small business effectively can be a challenge for even the most seasoned entrepreneur. When you wear many hats in your business, it’s hard to keep things straight and maintain clarity across your accounting processes. So, what can you do in 2016 to make your small […]
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