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The curious reason why this Easter treat is GST exempt!
April 15, 2019We all love a good Hot Cross Bun at Easter time but did you know they are GST free? Let Gareth explain why… In the lead up to the 1993 federal election, the seemingly simple question of GST and cakes is famously thought to have turned an ‘unlosable’ election. Now that GST has been with […]
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How the instant asset write off scheme just got better!
March 8, 2019Instant asset write off scheme announcement. The Government has recently announced and introduced legislation to Parliament for an extension to the instant asset write-off scheme for small business. The scheme, introduced on May 12th 2015, has allowed small businesses to completely write-off as a tax deduction purchase of assets up to $20,000 in the year […]
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Log books & motor vehicle deductions
August 27, 2018Let’s talk about log books! As we start the new tax year, it’s time to start thinking about log books. Log books are your way of justifying claims for motor vehicle deductions for Fringe Benefits Tax (FBT) purposes. What is a log book? Log books are a record of work related travel over a period […]
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Let’s talk about picking the right bank for you!
August 3, 2018Picking the right bank is an integral part of handling your financial affairs but how do you decide? The decision of which bank you should use is one that is far more significant than what you may realise. Your bank is your main point of call for all your financial matters and can easily become […]
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The ATO and Bitcoin – what investors in Cryptocurrency need to know
May 2, 2018Cryptocurrencies and Taxes Bitcoin has been a whirl wind over the most recent financial year. All of us know at least one person who has made and lost a fortune in this innovative investment. This naturally has caused the Australian Taxation Office (ATO) to be interested in the goings on of this phenomenon and have […]
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Cloud backups: Should you be doing more?
September 26, 2017The benefits of cloud accounting are now well established. If you aren’t aware of these, you should contact your accountant immediately to discuss the business benefits you’re losing by not being part of the cloud software community. One of the benefits of cloud software is the security it provides by utilising the servers of large and secure […]
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