The Accounting Division Blog
Small Business Benchmarks
Starting a business is hard work. It starts much earlier than your first day of trading. Lots of planning, building and training goes in to
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
Business cash payments on ATO’s radar
In this competitive economic environment some businesses are increasingly turning to cash payments to dodge their tax obligations. This is becoming such an issue that
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
15/01/2021:
Did you know that you can boost your super savings by using the unused carry forward concessional contributions cap? Put simply, the unused cap allows
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,
Selling property: don’t forget the clearance certificate
if you’re thinking of selling a property, you probably know all about finding a solicitor or conveyancer and a real estate agent, but did you
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
Travel allowances or LAFHA: Which applies to you?
Travel Allowance or living-away-from-home allowance (LAFHA)? Understanding the difference between these two allowances can be difficult, particularly when there is the perception of an overlap.
Operation Protego: detecting GST fraud
The ATO has lifted the lid on its most recent operation to stamp out GST fraud, Operation Protego, in order to warn the business community
