• jobmaker
    JobMaker Hiring Credits: What We Know So Far
    We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change. More details should be available soon and we’ll […]
  • tax loss
    Refunds for Tax Losses
    If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.  In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously […]
  • investment
    Tax Deductions for Investing in Your Business
    Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use. This means that […]
  • 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 […]
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 […]
2 May 2017

Top 5 Overlooked Tax Deductions

With the end of the financial year fast approaching, it’s a good time to discuss tax deductions – especially those deductions often missed by taxpayers like you. We have compiled the commonly forgotten tax deductions. Take a look below – do any of these deductions apply to you? Are you […]
21 April 2016

Tax Minimisation for Melbourne Taxpayers

Taxpayers are encouraged to try tax planning to make sure they pay the least amount required. This is a good opportunity to get the most out of your earnings or profits without escaping from your responsibility to the government. If it’s your first time to do tax planning or you […]
16 March 2015

Top Tax Deductions For Tradespeople

  Being in the trades and building industry, you need a Melbourne Melbourne accountant who understands your business and the intricacies. Here at Melbourne Accountant, we appreciate the unique nature of the trades including the importance of cash flow, quoting, job costing, scheduling, progress payments, retention and variations. This is […]
20 February 2015

Tax Loopholes To Explore With Your Melbourne Accountant

Should businesses shoulder a fair share of taxes compared with hard-working Australian people? We might see this question discussed more in coming years. Using an international shell-game to move earnings away from the tax man, corporations legally avoid taxes in countries like Australia, even though they earn billions here. Similar […]
17 December 2014

Tax Tips For 2015

As a self-employer or founder of a small business, it can be difficult to navigate the waters of the ATO annual exam (i.e. taxes), especially without the expertise of a Melbourne accountant. Though you can and should utilize the services of tax professionals, Melbourne accountants and bookkeepers and even software, […]
28 October 2013

Understanding the Importance of Tax Planning

One of the main functions of a Melbourne accountant aside from providing assistance in tax compliance is tax planning. Taxes, as we all know are a fact of life and whether we like it or not, if affect important aspects of our business and personal lives. In fact, one might […]
23 October 2013

Small Business Tax Saving Tips

Year end is just around the corner and it’s the time of the year again when private individuals and business owners need to compute their tax due with the assistance of a Melbourne accountant. As you may have already know, the services of a Melbourne accountant is not only limited […]
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