Now is a great time to change to an accountant who cares about your business. An accountant with collaborative, efficient cloud technology. Working online, or ‘working in the cloud’, is an easy and seamless way to access and share data via web-based software applications. AusBiz Solutions Accountants and QuickBooks Online helps you speed up and simplify e...
Starting a new business can be exciting but there are expenses associated with setting it up. The good news is that you are now entitled to claim certain deductions this year instead of having to spread the deductions over five years.
This applies to the following costs you may have had when setting up your business:
You make a lot of decisions when running your business. So what about the people who work for you? They're contractors, right? Are you sure? Because you're responsible for getting it right. Be careful! There are myths about what makes someone a contractor, such as having an ABN, only being needed for sho...
Scam warning – Do not open emails from ‘email@example.com’
Today, we became aware that the email address we use to send the 'Delayed tax returns over 30 days' report from has been used in a scam.
If you have received any emails from the 'firstname.lastname@example.org' address today:
• do not open the attachment
• delete the email immediately
• ensure y...
Holiday rentals under the microscope:
The ATO has advised that it is sending letters to taxpayers in approximately 500 postcodes across Australia, reminding them to only claim the deductions they are entitled to, for the periods a
holiday home is rented out, or is genuinely available for rent.
They advise that, to avoid making mistakes on their tax retur...