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Which accounting software is for me?
Firstly, our firm can assist your tax affairs regardless of whichever accounting software you use. There are a lot of big name accounting softwares such...
Sun, 11 Mar, 2018 at 9:28 PM
Using stock for private purposes | Income tax: value of goods taken from stock for private use
This Determination provides an update of amounts that the Commissioner will accept as estimates of the value of goods taken from trading stock for private u...
Sat, 24 Mar, 2018 at 1:25 PM
Other useful forums and support
Forums http://community.myob.com https://community.xero.com Support https://attacheonline.atlassian.net/wiki/discover/all-updates https://help.xe...
Thu, 29 Mar, 2018 at 1:58 PM
Instant asset write-off / tax deduction thresholds
In the simplified depreciation rules, assets costing less than the relevant instant asset write-off (IAWO) threshold are written off in the year they are f...
Sun, 14 Jun, 2020 at 9:33 PM
Food & Entertainment
Common entertainment scenarios - Last modified: 29 Nov 2016 - QC 19919 Is the food or drink entertainment? - Last modified: 29 Nov 201...
Mon, 9 Jul, 2018 at 3:08 PM
Single Touch Payroll
What is it for? ATO will now have access to payslip information (only gross pay, tax, super. No hours or wage rate) From 2020 ATO will pre-fill activity st...
Wed, 12 Jun, 2019 at 1:19 PM
Company set up
Please fill out the attachment below Reference: location Note for tax withholding (W2) for question 3.5: <$25k tax withholding = quarterly lod...
Thu, 12 Sep, 2019 at 12:25 PM
ABN New Business set-up
Please fill out the pdf attached below. Note for tax withholding (W2) for question 3f: <$25k tax withholding = quarterly lodgement $25k - $1 milli...
Thu, 12 Sep, 2019 at 12:24 PM
Car cost limit for depreciation
You can only claim depreciation for the vehicle up to a certain limit. The excess is non-depreciated.  For example, if a car was purchased for $60,000 in 2...
Tue, 28 Apr, 2020 at 2:40 PM
Luxury car tax
NOTE: this article has nothing to do with motor vehicle depreciation. To read that topic, click here.  The following topic is for:  business owners in t...
Tue, 28 Apr, 2020 at 2:21 PM