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    Recent Posts

    2018FY Income Tax Preparation List

    2018FY Income Tax Preparation List

    Exemption from Surcharge for New Home Development by Australian Based Developers that are Foreign Pe

    Exemption from Surcharge for New Home Development by Australian Based Developers that are Foreign Pe

    Annual fee on foreign owners of underutilised residential property

    Annual fee on foreign owners of underutilised residential property

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    Did you receive a unexpected tax bill from ATO?  You haven't lodged your tax returns for many ye

    Did you receive a unexpected tax bill from ATO? You haven't lodged your tax returns for many ye

    Our accountants are here to help you to liaison with ATO about your complex tax matters and in the process of working with you and by understanding you or your business, we would offer you the valuable tax advice and comprehensive taxation planning to ensure you the best possible return via counting every possible deduction.

    Common mistakes found in the BAS reporting form

    1. Double Claim GST Hire Purchase of Plant or Equipment is an area that I see many business owners making a mistake when doing the books. Initially, the client (or their accountant) will claim the full GST component in the first quarter that they purchase their vehicle. However, when they record their regular monthly payments later on, the client will either continue to code it as a GST or as a Capital expense which effectively causing them to “double claim" on the GST. 2. Cl
     

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