The Accounting Division Blog
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?
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)
What work-related car expenses can employees claim?
Car expense claims are one of the most popular deductions claimed each year, but be aware of the rules! Generally, you can’t deduct travel costs
Tax time focus areas for businesses
A recent interview with Tax Commissioner Chris Jordan revealed details of what the ATO will be paying particular attention to this year. Perhaps not surprising,
Tax time focus on rental properties
Just as with previous income years, tax time 2022 is no different, the ATO has again cited rental property income and deductions as one of
Last chance to claim the loss carry back
Eligible businesses will have one last chance in their 2021-22 tax return to claim the loss carry back, which provides a refundable tax offset to
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
It follows: higher education debts
It might seem like a horror movie cliché, a monster that follows you wherever you go, but did you know that your higher education debts
Budget 2022: what’s in it for you?
With all the media coverage of the Budget 2022, you will no doubt have heard about the “cash splash” spending spree that the government
R&D incentive overhaul
In simple terms, the Research and Development (R&D) tax incentive provides a tax offset to eligible companies that conduct certain R&D activities that are likely
