Accounting

29 Jun, 20

Top 5 Mistakes That People Make On Tax Returns- You Should Avoid

The end of the financial year is on the way! Hence loads of questions might be thriving inside you. Especially, after COVID-19 restrictions, what changes have been made in tax, is undoubtedly a critical point to note. Already, the Australian Tax Office has brought loads of changes to make things easier. But that doesn’t mean […]

29 Jun, 20

Easing down the Taxation for SMEs and Sole Traders for EOFY 2020

There was a hard-hitting time for people across the world due to the Covid-19 destruction, which has impacted the business owners more significantly. Similarly, amid this, the majority of the taxpayers are a bit stressed for their tax. As we all know, the financial year’s end is on the way, so now it’s time to […]

17 Jun, 20

Individual Tax Returns: Tax Tips FY20

If you also work in Melbourne, Australia, then each year, lodging a tax return in Melbourne is also requisite for you. According to ATO (Australian Tax Office), your tax return reveals the income you have generated from your business throughout the financial year. However, this is mainly done to figure out the correct tax amount […]

17 Jun, 20

Home office expenses

Source: https://www.ato.gov.au/ If you’re an employee who works from home, you may be able to claim a deduction for expenses you incur relating to that work. These can be additional running expenses such as electricity, the decline in value of equipment or furniture and phone and internet expenses. If your home is your principal place […]

15 Jun, 20

What is MOSS? Calculating VAT when selling electronic services

Want some special guidance on how to treat VAT correctly for your automated electronic service supplying businesses? No wonder, you have landed at the right page. Here you’ll find some detailed tips from expert tax accountants Melbourne, after which you’ll gain a deep understanding of various dynamics of VAT. What’s VAT? VAT stands for Value […]

12 Jun, 20

Accountants to the rescue during COVID-19

Source: https://www.accountantsdaily.com.au/ While frontline health professionals have been saving the lives and health of Australians during the COVID-19 disruptions, accountants have been working flat out to save the businesses and livelihoods of their clients. Major Government stimulus packages such as JobKeeper and the business cash flow boost payments have been critical in keeping many businesses […]

12 Jun, 20

Lessons for the profession from the coronavirus

Source: https://www.accountingtoday.com/ While the coronavirus pandemic has accountants scrambling to safeguard their people and keep up with new client concerns and legislative updates, the crisis has also given the profession the opportunity to learn some crucial lessons that can only strengthen accountants’ roles in an uncertain future. We asked a collection of accounting’s thought leaders […]

12 Jun, 20

Small businesses fail to seek cash-flow management help

Source: https://www.mybusiness.com.au/ Less than a sixth of small and medium businesses are engaging their accountants for assistance with cash-flow management despite its importance, says a non-bank lender. According to a Scottish Pacific report, SME Growth Index, only 16.1 percent of SMEs are seeking cash-flow management advice from their accountants. Scottish Pacific chief executive, Peter Langham told […]

11 Jun, 20

MYOB has acquired payment processing provider Paycorp for $48 million

After showing interest in Paycorp, Australian Multinational Corporation, and a leading Accounting software company MYOB had announced a deal of $48million with Paycorp. Resulting in, the accounting of MYOB income for the 2016 financial year- falls in line with the official statement that the total revenue of the company was boosted by 13 % to 3704 […]

23 Mar, 20

Government announces a $66 billion second coronavirus stimulus: What’s available to small businesses, and how do I claim it?

Source: https://www.smartcompany.com.au/ Just 10 days after announcing its coronavirus stimulus package, the Morrison government has released a second, beefed-up and more robust version. The new $66.1 billion economic plan bolsters the measures of the first $17.6 billion pledge and is intended to help small businesses stay afloat, and keep people employed until the coronavirus-related economic downturn has […]

Top 5 Mistakes That People Make On Tax Returns- You Should Avoid

Easing down the Taxation for SMEs and Sole Traders for EOFY 2020

Individual Tax Returns: Tax Tips FY20

Home office expenses

What is MOSS? Calculating VAT when selling electronic services

Accountants to the rescue during COVID-19

Lessons for the profession from the coronavirus

Small businesses fail to seek cash-flow management help

MYOB has acquired payment processing provider Paycorp for $48 million

Government announces a $66 billion second coronavirus stimulus: What’s available to small businesses, and how do I claim it?

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