The Accounting Division Blog
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
Reform of the ABN system
The ABN system was originally introduced as a simple way to provide businesses with unique identifier when dealing with the government. It has since become
Independent ATO review for small businesses
A 12-month pilot program for independent ATO review for small business disputes has started in response to the recent negative media attention it has received.
Temporary full expensing of assets extended
The temporary full expensing of depreciating assets has been extended for another year until 30 June 2023. The measure was originally introduced in 2020 as
Should I move to Xero?
The end of a financial year is a great time to reflect on how your business has performed over the last 12 months. The lead
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,
Check your PAYG instalments
The PAYG instalment system allows a business to spread its income tax liability across the tax year. This helps with cash flow, but also means
Single touch payroll: are you ready?
If you run a business, you’ve probably heard a lot about Single Touch Payroll (STP) recently, so what is it and how does it affect
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
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
