Author : intesolsdev

Practice Update Nov 2022

Practice Update November 2022 covers following points: Director ID deadline is approaching Why are credits and refunds being offset ATO advice for SMSFs thinking about investing in crypto assets Check that holiday employees get the right super Optus data breach Click here for Practice Update November 2022

Professional Accountants to Help with Tax Savings

Many times, businesses feel hiring a tax professional is an unnecessary expense and that they can manage the business finance themselves. However, the reality is quite contradictory. It is always better to hire experts when it comes to real assets, tax obligations, cash flow management, and bookkeeping activities. More than an expense, hiring professional accountants…

Practice Update June 2022

Practice Update June 2022 covers following points: ATO priorities this tax time Avoid double dipping on your deductions Get ready for super changes from 1 July 2022 ATO to start clearing backlog of ENCC release authorities ATO warns about GST fraud Employers need to prepare for changes under STP expansion Click here for Practice Update…

Practice Update May 2022

Practice Update May 2022 covers following points: No reduction in the Private Health Insurance rebate as of 1 April 2022 Disclosure of business tax debts High Court rejects attempt to disclaim interest in trust distribution Click here for Practice Update May 2022

Practice Update April 2022

Practice Update April 2022 covers following points: 2022-2023 Budget Measures that are now law Reminder of March 2022 Quarter Superannuation Guarantee (“SG”) Cents per kilometre deduction for car expenses – 2023 income year Job Maker Year 2: adjusting baseline headcount Re-contributions of COVID-19 early release super amounts Penalties for overdue TPAR Click here for Practice…

Practice Update March 2022

Practice Update March 2022 covers following points: Tax deductibility of COVID-19 test expenses Super changes and full expensing 12-month extension now law 12-month extension of the temporary loss carry-back measure Keeping and maintaining SMSF records New shield against debt recovery proposed for small business SMSF – statistical overview from 2020 lodgments published Small employers and…

Practice Update Jan-Feb 2022

Practice Update January/February 2022 covers following points: ATO support for businesses in dificult times Government extends SME Recovery Loan Scheme to 30 June 2022 COVID-19 vaccination incentives and rewards Higher PAYG withholding rates continue to apply to backpackers Single Touch Payroll exemption extended for WPN holders Payment extension relating to JobKeeper objections Click here for…

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