• Payday Loan
    Alternatives to Payday Loans
    Source: NestEgg The payday lending industry is booming in Australia, and it’s driving thousands of Aussies into a debt trap. And it’s just not here. An increasing number of people around the world are relying on these unsecured loans as a quick fix when they need extra cash, despite regulators’ […]
  • superannuation
    How Did Your Super Fund Perform in 2020?
    Source: NestEgg Results collated by Chant West have shown median growth funds — which have 61 to 80 per cent in growth assets — ended the year up 3.7 per cent. While short of the 14.7 per cent members gained in 2019, Chant West applauded the funds’ ninth consecutive positive calendar year […]
  • Money Savings, Investment, Making Money For Future, Financial We
    Should the Government Add $5k to Low-Income Super Balances?
    Source: NestEgg The Australian Institute of Superannuation Trustees’ (AIST) pre-federal budget submission recommended a one-off government contribution to the super accounts of Aussies earning less than $39,837 who accessed their superannuation early. The AIST, which is made up of about 60 superannuation funds, points to the 3.6 million Australians who […]
  • tax dodging
    Flashy Cars, Low Income: ATO Eyes Tax-Dodging Red Flag
    The extension of the data-matching program will see the ATO continue to collect records from eight state and territory motor vehicle registries for the 2019–20, 2020–21 and 2021–22 financial years. Registry records for around 1.5 million individuals are expected to be collected each year for any newly registered or transferred vehicles […]
  • ATO-newstill-2-ad
    Tax Office Issues SG Amnesty Disqualification Warning
    The Tax Office has begun reaching out to businesses that made SG amnesty disclosures to remind them to pay their disclosed amounts or to set up a payment plan and meet each ongoing instalment amount. The warning letter notes that businesses will have 21 days to avoid being disqualified from […]
  • Australian Tax Office
    ATO Urged to Clarify JobKeeper Repayments Tax Treatment
    Last week, Toyota Australia announced it had approached the ATO to return more than $18 million in wage subsidy payments after posting a record fourth-quarter result. Super Retail Group has also followed suit, voluntarily returning $1.7 million in JobKeeper claimed for staff at Macpac. Tax & Super Australia tax counsel […]
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 […]
16 February 2015

Why Hire A Melbourne Accountant?

A lot of people claim that they do their own tax return. While this is not exactly rocket science, it raises a lot of concern. Think of it this way, we all go to dentists, doctors, engineers and attorneys and other professionals to seek their expertise. What makes hiring a […]
24 November 2014

Hiring A Melbourne Accountant or Bookkeeper

What To Consider? Not all bookkeeper Melbourne or Melbourne accountant are created equal. With this in mind, you will want to spend time looking for one that ideally suits your requirements and preferences. While these two professional functions are not the same, they inadvertently require constant coordination between each other […]
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