Allworths

July 20, 2017

Our New Financial Year Resolutions

The new financial year is well and truly here. Bleary-eyed accountants everywhere have emerged from their cubicles to a sunny Sydney winter. It’s a great time to […]
July 20, 2017

Recent news wrap-up: GST, investment companies, crowdfunding

GST not being charged on all imports In May, we published a blog post about proposed new GST rules affecting overseas businesses exporting goods and services […]
June 5, 2017

Are You Prepared? Year-End Tax Planning (Part 2 of 2)

With 30 June closing in quickly, here are some practical things to consider about the upcoming changes to superannuation. Before taking any action, we recommend speaking […]
June 5, 2017

Are You Prepared? Year-End Tax Planning (Part 1 of 2)

With 30 June closing in quickly, here are some practical things for SME business owners and investors to consider. Before taking any action, we recommend speaking […]
June 5, 2017

Tax and Spend: Federal Budget 2017/2018

The 2017-18 budget represents the federal government’s attempt to gain favour with voters amidst rising economic populist sentiment in the electorate. The government has decided to […]
May 1, 2017

Upcoming GST changes will affect overseas exporters and Australian consumers

Proposed new rules in relation to overseas businesses exporting goods and services direct to Australian consumers may require them to register for Australian Goods and Services […]
May 1, 2017

Are large repairs to my investment property tax deductible?

A taxpayer was recently denied an immediate tax deduction for a roof repair and replacement for a rental property required due to vermin damage. The reason […]
May 1, 2017

When overseas companies can be considered Australian Tax Residents

Although we’re based in Australia, we regularly work with clients around the world that are seeking to do business or make investments here. One question we have […]
April 3, 2017

A warning to the Sharing Economy: the ATO has you in their sights

What the ATO is doing The Australian Taxation Office has warned users of the ‘sharing economy’ (e.g. Airbnb or Uber) that it is performing data matching […]
April 3, 2017

Cloud accounting has changed the game and we’re on board

There is no denying we are facing an online revolution. All aspects of our lives and businesses are becoming more ‘digitalised’. Advances in technology are changing […]
April 3, 2017

Introducing our new (digital) way of signing documents

Signatures are going digital We are introducing a new way for you to sign important documents that come from our office. It’s called DocuSign. If you […]
March 3, 2017

Client Alert – Workers Compensation Audits

We have seen an increased number of audits being conducted on clients’ Workers Compensation Policies and are seeing a number of recurring issues arising. This alert […]
March 3, 2017

Land Tax Surcharge on Foreign Persons (broader than you may realise)

Overview  The NSW government has introduced a surcharge on residential land held by or associated with a ‘foreign person’ from the 2017 land tax year. This […]
March 3, 2017

Outstanding ATO debts to be reported to credit agencies from 1 July 2017

Overview  The 2017 Federal Government Mid-Year Economic and Fiscal Outlook (MYEFO) announced that from 1 July 2017, the Government will allow the ATO to disclose tax […]
February 12, 2015

Updated Fuel Tax Credit Rates

Please click on the link below – Updated Fuel Tax Credit Rates 2 February 2015
October 1, 2014

Too good to be true tax savings

There are many wise sayings when it comes to managing money, such as ‘If it looks too good to be true then it probably is’. In […]
October 1, 2014

Dealing with Statutory demands

Pursuant to the Corporations Act, a creditor that is owed more than $2,000 is eligible to issue a statutory demand against a company requiring it to […]
October 1, 2014

Correctly reporting property transactions

  For every property transaction that you make there may be a GST consequence you need to consider. If you are making transactions involving property you […]
August 30, 2018

Protecting your business against cybercrime

In a previous blog post, we wrote about the new Notifiable Data Breaches scheme applying to businesses with a turnover of more than $3M from February […]
July 30, 2018

Drought Assistance Measures

Our thoughts are with our farming clients who we realise are suffering considerably at the present time. There are a number of limited assistance packages available, […]
July 30, 2018

Charlatans, Crooks and Fools

“The burnt customer certainly prefers to believe that he has been robbed rather than that he has been a fool on the advice of fools.”   […]
June 11, 2018

EOFY tax planning: 13 things to consider before 30 June

As 30 June is just around the corner, here’s a quick reminder of things to think about in your year end tax planning: If you are […]
May 30, 2018

Is stock picking a mugs game?

“The only value of stock forecasters is to make fortune tellers look good” – Warren Buffet   By Mark Copsey, Director – Allworths Wealth Management   […]
May 30, 2018

Spare a thought for NSW farmers

Throughout May, Allworths has been touching base with many of our country NSW clients. Mark Copsey and David Costigan hit the road together, travelling as far […]
May 30, 2018

Change to the GST for property purchases from 1 July 2018

From 1 July 2018, purchasers of new residential premises or potential residential land will be required to withhold an amount from the purchase price and pay that amount […]
May 30, 2018

2018-19 Federal Budget Measures Affecting Businesses

Instant Asset Write-Off for Small Business Extended For 12 Months   The government will extend the current instant asset write-off for Small Business Entities (SBEs), which […]
May 13, 2018

Chasing swinging voters: personal income tax cuts, super changes and other 2018-19 Budget measures

Personal Tax Cuts In a move to attract swinging voters, the Budget has revealed a seven-year personal income tax cut plan commencing from 1 July 2018. […]