The Accounting Division Blog
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
Beware of clothing deductions this tax time
Beware of work-related clothing and laundry expense claims this tax time, the ATO is cracking down on individuals making unsubstantiated and exaggerated claims. It has
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
14/10/2022: Affordable childcare measures coming soon
To fulfil its election promise, the government has recently introduced a Bill to make early childhood education and childcare more affordable through changes to the
What expenses can I deduct for my holiday home
Renting out your holiday home for part of the year can help to finance the costs associated with purchasing and maintaining the property. As well
Insolvency changes to help businesses
In what has been touted as the most significant changes to Australia’s insolvency framework in 30 years, the government has implemented changes aimed at reducing
Small business tax concessions
Businesses that satisfy a certain turnover threshold may qualify as a small business entity. The advantages of being a small business entity includes access to
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
Three common CGT obstacles for homeowners
Many homeowners are not aware that the “main residence” rules exempting the family home from capital gains tax (CGT) are in fact quite complex and
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
