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Tax Return Checklist ATO Accounting End of Financial Year FY23

Your 22/23 Tax Checklist : Making Tax Time Easy

Happy New Financial year! Now that  2022/23 financial year has…
Award Wages and Super Guarantee increases July 1st

Super and Award Increases July 1st

As the start of the new financial year rolls around, those employing…
Tax Return Low and Middle income

Low and Middle Income Tax Offset

Low and middle income tax offset (LMITO) ended on 30 June 2022.…
Superannuation contribution ATO super clearing house

Early Deadline for June 23 Employee Super Lodgement

If you're an employer wanting to claim a tax deduction for super…
ATO focuses tax returns

ATO Tax Focus Areas for Tax Returns FY23

Each year the ATO has a few key areas of focus that prioritise…
Rental Property Record Keeping and Deductions

Record Keeping for Rental Property

If you rent out property - rental and/or holiday rental, there's…
Superannuation

Growing your Super

There are a number of ways you can grow your super to make a…
HELP Student Loan Indexation Debt

Study Loan Indexation Increases

Each year on June 1st, Student Loans have an indexation added…
Depreciation Tax Assets Machinery

Depreciation of Business Assets

Most businesses have assets which are expected to decline in…
Cashflow Tips for Life and Business

Cashflow Tips for Life and Business

Times are tough - between inflation and increasing interest rates…
Capital Gains Tax

What is Capital Gains Tax (CGT)?

Capital gains tax (CGT) is the tax you pay on profits from selling…
FY22 Tax Deadline

FY22 Tax Returns Deadline

Whilst the 1st of July is the start of the new financial year…
Single Touch Payroll Phase 2

Get ready for Single Touch Payroll 2 Reporting

Single Touch Payroll Phase 2 will streamline reporting information…
Common Mistakes Rental Property

Common Mistakes Made by Rental Property Owners

It’s easy to make mistakes when it comes to managing…
Working from Home Expenses

Working from Home Deduction Changes for 22/23

How you calculate working from home deductions will change for…
Medicare Levy

What is the Medicare Levy?

The Medicare levy helps fund some of the costs of Australia's…
Business tips Cyber Security

Tips to Improve your Business Cyber Security

With the increased prevalence of cyber attacks on businesses…
SMSF In-House Assets

SMSF and In-Houses Assets

When managing our Self Managed Super Fund (SMSF) it's important…
ATO New Years Resolutions

ATO’s New Year’s Tax Resolutions Tips

Nothing like a fresh start to a new year to kick start a health…
Electric Vehicle FBT Fringe Benefit Tax ATO

Electric cars now exempt from Fringe Benefit Tax (FBT)

Whilst we were busy preparing for Christmas in December, legislation…
Life Admin Wills Life Insurance

Life Admin – Worthwhile things to have in order

As we start a new year full of new adventures, now is as good…
STS Accounting Job Post Admin Torquay

Seeking an Administrator/Receptionist for our Torquay Office

After 12 years of excellent service, Lee is moving on to other…
STS Accounting Torquay and Winchelsea

Happy Holidays!

Hope your 2022 was a good one! We have certainly enjoyed being…
Great Ocean Road Tax Motor Vehicle Expenses

Motor Vehicle Expenses

If you use a vehicle for work then we can claim motor vehicle…