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 […]
October 1, 2014

Is there a lost superannuation account in your family?

The tax office says $14 billion in lost super is waiting to be claimed. Does some of this relate to you or your family members? The […]
October 1, 2014

Undisclosed offshore income

The ATO’s Project DO IT (Disclose Offshore Income Today) offers taxpayers with unreported income from offshore investments, the opportunity to make a full voluntary disclosure. In […]
October 1, 2014

End of September quarter 2014 ATO activity statements

ATO activity statements will be due on 28 October 2014 for those who lodge and pay on a quarterly basis. These first quarter statements need to […]
October 1, 2014

Private companies need a capital management strategy too

Recent press coverage of special dividends and capital distributions from some of Australia’s largest listed companies has prompted a range of inquiries from clients who have […]
October 1, 2014

Small business benchmarking and the ATO

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

Professional Firms to be under ATO scrutiny

  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

Newsflash – SMSF SuperStream & New Penalties

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

Viewpoint – Autumn 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 […]