The Accounting Division Blog
Budget 2022: what’s in it for businesses
On Tuesday, 29 March 2022, Treasurer Josh Frydenberg handed down the 2022-23 Federal Budget, his 4th Budget. In an election Budget, the Treasurer announced a
Non-commercial losses safe habour: natural disasters
Where an individual, either alone or in a partnership, carries on a business activity, the non-commercial loss rules generally apply to prevent losses from non-commercial
Got clearance to sell your home?
In the market to sell your house? Before you call in the real estate agents and home stylists, you probably know that you’ll need to
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
Protecting your customers’ data
Any Australian organisation that handles personal information could be captured under the notifiable data breaches scheme which requires organisations to notify individuals whose personal information
Tax time focus areas for individuals
It’s tax time again, as you gather your receipts and other assorted tax documents, you should also turn you mind to what the ATO is
Increased super thresholds for 2019-20
Certain superannuation thresholds are set for a small boost from 1 July 2019 thanks to the latest indexation factors published by the Bureau of Statistics.
What expenses can I deduct for my holiday home
Renting out your holiday home for part of the year can help to finance the costs associated with purchasing and maintaining the property. As well
Small business tax concessions
Businesses that satisfy a certain turnover threshold may qualify as a small business entity. The advantages of being a small business entity includes access to
ATO impersonation scams on the rise
The ATO has recently warned taxpayers to be alert to malicious scammers who are using increasingly sophisticated methods and technology to impersonate the ATO. A