Business

08 Feb, 21

The most effective method to make a monetary arrangement

A monetary arrangement can help you assemble abundance over the long run, supporting the assurance of your monetary future. In the event that that seems like a smart thought, it very well may be acceptable to locate a confided in monetary counsel who can help you on this excursion. According to the data collected by […]

07 Feb, 21

Set your monetary information on today in motion for later

As the reports collected by Accounts NextGen explains that the Coronavirus has been a driver of extraordinary change. From the manner in which we work to the way we live – all that we once knew as natural is currently unique, and that incorporates how many centres we provide for our regular funds.

03 Feb, 21

‘Unreasonable onus’: Accountants push back against proposed registration requirement

Source: Accountant Daily Forcing tax practitioners to screen close associates and employees under the fit and proper person test would heap further administrative and compliance burden on the profession, two professional accounting bodies say.

20 Jan, 21

Know when to file a return for Australian tax return dues

It is normal to say, that understanding or filing tax can be a tedious task and for some users, it can be confusing. It is hard enough to get a handle on the tax system that works within your country. However, if you are planning to move into Australia for your working holiday, then you […]

20 Jan, 21

The sole trader in a win-win state for Jobkeeper test case

The AAT has overturned the decision from the Australian Taxation Office to deny a sole trader access for Jobkeeper after the Administrative Appeals Tribunal traced down that its backdated ABN registration has satisfied the integrity rules set within the norms. In December 2020, the Administrative Appeals Tribunal ruled out te sole trader Jeremy Apted was […]

19 Jan, 21

ATO to extend 80 cents per hour work-from-home deduction method

As the intense impact of Covid-19 has spread across the globe, it has affected the economical growth of nations. Every segment is now suffering from pandemic effects, and as a result, a significant number of employees along with business owners have also started working from home and incurring extra running expenses as compared to their […]

13 Oct, 20

What should the accountants do to reduce the stress of COVID

COVID-19 has affected financial activities around the world tremendously. As a lot of businesses and other institutions are a facing cash crunch. A large number of people are looking for ways to reduce their taxes, minimize their expenses. This is quite an exhausting situation and the accountants are in the center of this situation. As […]

13 Oct, 20

What business owners look for when choosing Accountant?

Selecting a good accountant for your business is very crucial. You should not consider your accountant any less than your business partner. There are a lot of things in your business that is solely dependent on the accountant. So, if you choose a good accountant, you are going to have several benefits and if you […]

18 Sep, 20

Tax office to punish people engaged in fraudulent activities to save tax

In a recent press release, the taxation office of Australia said that it will punish the people doing super withdrawals to minimize the payable tax. The taxation office said that there is a certain loophole that enables people to avoid the payment of personal income taxes. And the office is about to punish all such […]

18 Sep, 20

ATO Doesn’t Consider the Job Keeper Payments as a Part of Aggregated Turnover

JobKeeper payments have been considered as assessable income. But there are certain concerns regarding the status of JobKeeper payments as whether they fall under ordinary income or statutory income. For those who don’t know about it, under this scheme, the business which has been affected the most due to the outbreak of Corona COVID-19 will […]