When we think of the things we have of value, our largest assets often come to mind. But when we start to list down all the the assets we have it’s often the long list of medium sized assets that end up consuming the volume of line items. An asset register is a detailed list […]
It’s a proud moment when your children get their first job. Getting their first job is their foray into changing their focus from being the ‘serviced’ to being ‘of service’. Whilst the excitement of where they spend their first paycheck is exciting for them. It’s worth ensuring that we help them get set-up as employees. […]
Haven’t seen your PAYG/BAS paper forms for sometime or can’t remember the last time you received one…? If you can’t remember the last time you received an ATO instalment notice for your PAYG and or BAS it might be prudent to check in with your accountant. The ATO can sometimes change their method of communications […]
As we turned the corner with the beginnings of a new financial year, we’re deep in tax time and it’s important to understand what can and can’t be deducted. With an incentive to reduce taxable income to increase a potential tax refund, sometimes we can sometimes be too optimistic with what classifies as a work-related […]
From 1 July 2022, there are two main changes to the Superannuation Guarantee (SG). The changes include: Superannuation guarantee increase from 10% to 10.5%. There is no longer a minimum income threshold – employees are now paid superannuation for all hours worked (subject to an eligibility criteria, additionally workers under 18 years of age are […]
