NSW WorkCover is holding a free webinar on 1 September 2015 for small business owners to help introduce safety into the workplace. By attending this free live webinar you may be eligible to receive a small business rebate up to the value of $500. To
Capital Gains Tax – 30 years on
September this year marks the 30th anniversary of the introduction of Capital Gains Tax. Capital Gains Tax meant that any gain made on disposal of an asset purchased from 20 September 1985 onwards was now taxable. Clients must keep the records of
Mobile Phone, Internet & Home Phone Expenses
The ATO has released information on claiming mobile phone, internet and home phone expenses to reflect the significant rewrite of Practice Statement PS LA 2001/16 to include contemporary electronic device issues. The rewrite also updates the ATO’s
Tech Tip – Xero – Payroll Leave Applications
Your payroll software should keep track of the number of days each year an employee has been on leave as well as the total leave allowance remaining. Having this up-to-date can be made easier by allowing your employees to apply for leave directly in
Stepathlon 100 Day Race
Starting on 2nd September, Stephen, Chris, Ian, Kevin, Cathy and Isabella plus some ''better halves' are participating in a 100 Day Race, called Stepathlon. So how does it work? Essentially there are teams of five, competing against each other.
Self Managed Super Funds – Who takes charge when you die?
If you have your own SMSF you are both a member and a trustee (either individually or as a director of the trustee company). Individual Trustee In this instance your Personal Legal Representative (PLR)takes your place as trustee alongside the
Taxable Payments and Annual Reports due soon!
A reminder for those of you in the building and construction industry that your 2015 Taxable payments annual reports are due 28 August 2015. This report is to include the total payments made to each contractor who provides building and
Trouble lodging 2015 Tax Returns eTax and MyTax?
EXASPERATED users of the myGov and ATO websites trying to lodge their 2015 tax returns have encountered numerous error messages, account lockouts, crashes and broken links. Other users are being locked out of their myGov email accounts. If you are
Tech Tip – Processing Payroll in Xero
After the 18th of August 2014 payroll changed in Xero. As a result the process of reconciling a payrun changed and you no longer had to generate a bill after processing a payrun. The new payroll process works by utilising a clearing account. This
$20,000 Write-off
Small business Accelerated Depreciation The budget measures, which allow small businesses to claim an immediate tax deduction for any business assets they purchase costing less than $20,000, has passed the Senate. This is available for small
