Allworths
October 1, 2014
There has been increased ATO audit activity in the small business sector particularly where the ATO has used small business benchmarking. Benchmarks are financial ratios developed […]
October 1, 2014
The Australian Tax Office (ATO) has issued draft guidelines for the risk assessment and audit selection for professional practices for compliance reviews related to 2014/2015 […]
June 23, 2014
SMSFs – SuperStream deferral We sent out a newsflash in March this year regarding the new electronic data and payment requirements of the ‘SuperStream’ system to […]
March 27, 2014
New appointments We are very pleased to announce the appointment of two new members to the Allworths team, Colleen Hosking and Sophia Tong. Colleen joins us […]
March 27, 2014
SuperStream is a government reform aimed at improving the efficiency of the superannuation system. Under SuperStream, employers must make super contributions on behalf of their employees […]
December 12, 2013
Christmas The office will officially close on Friday 20 December 2013, and re-open Monday 6 January 2014. We wish all our clients, colleagues and families all […]
December 6, 2013
Small business (those with an aggregated annual turnover of less than $2 million), have only 4 weeks to take advantage of tax benefits of the “Instant […]
September 23, 2013
Tax Office reacts to superannuation funds selling assets after entering pension phase The ATO has issued a Draft Taxation Determination (TD 2013/D7) that self managed superannuation […]
September 16, 2013
Self-education expenses cap delayed The Government has decided to defer the introduction of the $2,000 cap on work related education expense deductions until 1 July 2015. […]
July 26, 2013
Private Health Insurance Rebate From 1 July 2012 private insurance premiums are income tested to determine entitlements to the private health insurance rebate. As a result, […]
July 5, 2013
Changes to the super guarantee and upper age limit From 1 July 2013 the super guarantee increases to 9.25% and the upper age limit has been […]
January 17, 2013
New taxes may soon apply The United Kingdom is introducing legislation that will from April 2013 inflict an annual property tax on foreigners who own UK […]
December 17, 2012
New Partner We are very pleased to announce that David Downie has been admitted as a partner of Allworths. David has worked in the accounting profession […]
December 4, 2012
Since our last Viewpoint it has been a largely rural feel for Allworths. Stephen Armstrong and Craig Duncan visited clients in Albury in June. In August, […]
June 22, 2012
The Quarter just ended – The last few months have focused on tax planning and looking at the implications of the Federal Budget. As we draw […]
May 18, 2012
Non-residents with Australian assets need to consider the impact of the Governments announcement in last weeks Federal Budget of the removal of the 50% CGT discount […]
April 27, 2012
The quarter just ended This has been another busy quarter for the partners and staff of Allworths. In February, Stephen, Mark and Pasandi visited colleagues […]
April 27, 2012
Amendments to director penalty regime – draft legislation released Draft legislation has been release by David Bradbury, the Assistant Treasurer that will amend the law ostensibly […]
November 11, 2019
In an unusually proactive move for a large government institution, the ATO announced in August that it would be contacting 17,700 self-managed super fund “SMSF” trustees […]
October 28, 2019
By David Downie, Partner at Allworths Anyone in small business has probably felt the sting of a cash flow shortfall at tax time. That is, you […]
October 28, 2019
By Colleen Hosking, Director at Allworths Assurance & Advisory It surprised and saddened many of us on 3 October 2019 to hear that the domestic violence […]
September 30, 2019
Whether they are supporting a charitable cause, seeking finance for a creative project or launching a startup, fundraisers of all kinds are increasingly turning to crowdfunding […]
September 19, 2019
For users of the MYOB desktop accounting software solution AccountRight Classic, also known as v19, 30 September is an important date to look out for. MYOB […]
August 30, 2019
If you are interested in experimenting with video marketing, here are some tips on just getting started! The first step is often the hardest, right? For […]
August 29, 2019
By David Downie, Partner We are increasingly living in the world of “the cloud,” where much of our business and personal lives rely on the Internet […]
July 30, 2019
Australian investors have an obsession with Australian equities (shares), yet, at $2 trillion, they only represent around 2-3% of global equities. This is a fairly well-known […]
July 30, 2019
This week the federal parliament will consider a bill containing further measures aimed at countering illegal phoenix activities, including holding directors liable for their company’s unpaid […]