ATO News

The Australian Taxation Office announces temporary simplified short cut method for working from home deductions

Many workers new “normal” is working full time from home, as a result of the Social Distancing measures in response to Covid-19.  In order to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (e.g., additional heating, cooling and lighting costs), the ATO have announced a temporary short cut method […]

April 8, 2020
ATO News

COVID-19 & Stimulus Package for Businesses

As government measures change daily amid the COVID-19 pandemic, a second stimulus package was released.  This update focuses on what this means for small business, as well as other questions small business owners may have.  It is current as at 23 March 2020. Sole Traders: As part of the second stimulus package, sole traders have […]

March 24, 2020
ASIC ATO News Business Management

ASIC Fee Indexation

In line with an increase in the Consumer Price Index (CPI) for the March quarter, we increase our fees each year from 1 July. All fees we charge are subject to fee indexation. Here are examples of common fees that apply from 1 July 2015. GST does not apply to ASIC fees. Company fees Business name […]

June 6, 2016
Uncategorised

Claiming Home Office Expenses

By: Ritchie Cruz There are two types of instances where you can claim home offices.  One is of you are carrying on your employment duties from home, and the other is where you are actually running a business from home.  Carrying on employment duties at home will be discussed below Carrying on Employment duties at […]

October 7, 2015
Accounting Tax

Just Claim It on Tax – Tax Deductions, Write offs and Rebates

written by: Ritchie Cruz, Principal Director   There has been much confusion when people say “just claim that on tax”, or “you can get that back on tax”.  The confusion lies between the person thinking that they can get the whole amount back, and what they actually get back from their tax return. Tax DeductionsDeductions […]

June 27, 2015
Accounting

The Benefits of Outsourcing Accounting for SMEs

written by: Ritchie Cruz, Principal Director Today, the competitive nature of doing business has necessitated organizations to devise ways or reducing their costs and enhancing their services so as to gain a competitive advantage. Besides, the financial pressures of running a business efficiently adding value to the operations has forced organizations to outsource accounting services. […]

May 27, 2015