The Accounting Division Blog

Small Business Benchmarks
Starting a business is hard work. It starts much earlier than your first day of trading. Lots of planning, building and training goes in to

Bitcoin: Personal investors
There has been plenty of press coverage on bitcoin, but what are the tax consequences if you decide to join the craze? Here we examine

Working-from-home deductions for employees
If you are an employee and you sometimes work from home, you may be able to claim deductions for some of the expenses you incur,

The Cloud & Xero – what, why and how?
We love The Cloud – which is why we have based The Accounting Division on it! Some might say that we’re a little bit addicted

Be careful when changing business structures
If your small business has not only survived but thrived during the pandemic, you may be considering a change of business structure, typically from sole

ATO spotlight on Visa holders, sponsors and migration agents
The ATO has launched the latest round of their data-matching program to include all visa holders, visa sponsors and migration agents. The ATO will request

Using the margin scheme on property sales
With the property market booming despite low wage growth and the after effects of the pandemic, many developers are getting back into the market. If

Government debts and your travel plans
The government has started a crackdown on individuals who owe welfare debts by preventing them from leaving the country, even for a holiday, until either

Cash payments limit coming soon
As a part of the crackdown on black economy, the Government is planning to introduce an economy-wide cash payment limit of $10,000. Any payments made

Direction of future tax reform
To be fiscally responsible, a government needs to have enough resources to service its debt obligations. One of the main sources a government uses to