The Accounting Division Blog
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
Super guaranteed
Are you paying the right amount of super for your employees? It’s that time of the year again, where the Australian Bureau of Statistics (ABS)
Vested in trusts
Have you looked at your trust deed recently? If you have a trust, chances are it was set up by your accountant or solicitor. Look
Improvements to GST risk assessment
Are you a business that has had a GST refund held up as a part of the ATO’s risk assessment program to verify GST refunds?
Getting help with a financial services complaint
Do you need help resolving a problem with a bank, credit provider or superannuation fund? In a timely move following the royal commission into the
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
Stricter tests for directors seeking safe harbour protection
Until recently if you were a director of an insolvent company and it continued to do business and incur debts then your future was not
Government tenders and tax compliance
Do you run a business that would like to bid on Commonwealth government contracts or is likely to do so in the future? From 1
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
11/11/2022: Proposed new method for calculating WFH expenses
With the expiration of the previous fixed rate method and the shortcut method for calculating the deduction for working from home (WFH) expenses, the ATO
