The Accounting Division Blog
Federal Budget 2019 Spotlight
The 2019 Budget was handed down on Tuesday 2 April by Treasurer Josh Frydenberg a matter of days before Prime Minister Scott Morrison is due
Single Touch Payroll: Phase 2
Single touch payroll (STP) has now entered into Phase 2, although most employers may not yet be reporting under this phase as many digital service
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
Government extends the instant asset write-off
The extension of the instant asset write-off for a further year is great news for small businesses who may be planning to purchase assets for
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
Direction of future tax reform
To be fiscally responsible, a government needs to have enough resources to service its debt obligations. One of the main sources a government uses to
Pre-lodgement compliance review: what you need to know
As a part of the ATO’s concerted efforts to engage taxpayers earlier and identify risks before they become an issue, pre-lodgement compliance reviews (PCRs) are
Budget 2018: What’s in it for you
The 2018-19 Budget was handed down on 8 May by Treasurer Scott Morrison who delivered what was widely perceived to be an election Budget with
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
Are you declaring your “odd jobs” income from gig economy sites?
“Gig economy” platforms like Airtasker are allowing Australians to earn some extra cash by completing a huge range of odd jobs – from gardening to