The Accounting Division Blog
ATO benchmarks – a handy business check-up
The ATO’s business benchmark data is a useful tool for smart business owners. Learn how you can access these benchmarks to judge your business’ performance
Tax time 2022: ATO focus areas
Tax time 2022 is fast approaching, and this financial year, the ATO will again be focusing on a few key areas to ensure that individuals
Tax return lodgement due soon
The deadline for lodging your tax return is fast approaching. Before you rush off to gather all the documents for your tax return, beware of
Deemed dividends: changes are coming
Div 7A or deemed dividend payments may be familiar to you if you’re the shareholder or associate of a private company. It generally applies to
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
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
Beware of clothing deductions this tax time
Beware of work-related clothing and laundry expense claims this tax time, the ATO is cracking down on individuals making unsubstantiated and exaggerated claims. It has
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
ATO scam calls may be a thing of the past
Receiving scam calls purportedly from the ATO and other official departments may be a thing of the past with the completion of a successful trial
Paying company debts by instalments
If your business has gotten into a bit of trouble lately and you suddenly find yourself faced with a tax debt. Don’t panic. Despite what
