• myob accountant

We’re hiring! Audit Assistant / Accountant Assistant – Closes 9/11/18

About the business

Taxation and Business Consultants is a highly regarded CPA Accounting/Tax Practice in Capalaba seeking an experienced Auditor Assistant to join our team. If you strive for excellence and have a passion for quality service delivery we want to hear from you!  How to apply: Please read the criteria below and if this role is a good […]

October 30th, 2018|News|

ATO update on tax treatment of crypto-currencies after public consultation

The ATO has announced after public consultation the ATO has updated their guidelines on tax treatment of crypto-currencies.  The ATO’s guide on the ATO website now states:

“The term crypto-currency is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on a […]

October 10th, 2018|Accounting, News, Tax|

Tax time Small Business Top Questions and Answers

Tax time can be mind boggling for small business owners. Especially with new tax laws in 2018 and the increasing number of start ups in Queensland meaning many business owners are facing their very first tax time.

So we’re sharing these two fabulous easy to read posters from the ATO to help you at tax time. […]

October 9th, 2018|Accounting, Business Advice, News, Tax|

ATO targeting home office expense deductions

The Australian Tax Office is targeting home office expense deductions – what does this mean for you?

The ATO is increasing its attention, scrutiny and education around deductions for home office expenses and may contact a taxpayer’s employer to verify the claimed expenses.

The ATO says a significant issue is a taxpayer claiming the entire amount of […]

September 14th, 2018|Accounting, Bookkeeping, News, Tax|

Do you offer accommodation services through an online platform?

Do you offer accommodation services through an online platform? Did you know the ATO is focusing on the “sharing economy” in 2018? The ATO has stated its intention to use its data matching powers to identify people who have or may be engaged in providing accommodation services through an online platform during the 2016-17 to 2019-20 financial […]

August 21st, 2018|Accounting, Business Advice, News, Tax|

Rental Bonds and ATO Data Matching

Rental Bond Data
Did you know the ATO has announced its intention to collect real property rental bond data from state and territory rental bond authorities dating back to 20 September 1985 (the introduction of the CGT regime)?

The data will be collected to identify individuals who have income tax reporting obligations for income producing properties or […]

August 17th, 2018|Accounting, News, Tax|
  • hospitality tax deductions

Hospitality Workers: What Can I Claim?

In the ATO guide for hospitality workers, the ATO states:

To claim a work-related deduction:

you must have spent the money yourself and weren’t reimbursed
it must be directly related to earning your income
you must have a record to prove it.

If the expense was for both work and private purposes, you can only claim a […]

August 7th, 2018|Accounting, Bookkeeping, News, Tax|
  • early_release_of_SMSF_super

Illegal early release of Superannuation

If you’ve been approached by someone promising to help you access your Self Managed Super Fund early you may wish to talk to your accountant first  ….

The ATO has issued a press release advising that as a self-managed super fund (SMSF) trustee, you must ensure that the member has met a condition of release before […]

August 1st, 2018|Accounting, News, SMSF|