Tax Accounting Adelaide
We are now Gold partners of Xero Software
Gold partners of Xero Software We recently became Gold partners of Xero. This means we have many Xero business clients and are Xero proficient. Feel free to meet us if you want an accounting partner to support your business and use Xero. Find out more about Xero in our demonstration Introduction to Xero | Tax…
Read MoreMedicare levy
What is the Medicare levy? The Medicare levy is an amount you pay in addition to the tax you pay on your taxable income. The Medicare levy helps fund some of the costs of Australia’s public health system known as Medicare. The Medicare levy is 2% of your taxable income. Want to find out how to…
Read MoreHow to repay your HELP debt voluntarily
Some of you, may be aware of, or have, HELP, Higher Education Program Debt to fund your tertiary education studies. When you have such assistance via this loan, the amount is annually indexed according to the inflation rate. In 2023 The rate of indexation has been higher than recent years. The rates are included for…
Read MoreTimes are tough finances ideas
Times are tough finances ideas – Ways to save explained. Ever wondered what more you can do to combat the ever increasing cost of living? With the ever increasing cost of living, Romeo Caporaso explains vital areas of your finances to review.
Read MorePay as you go Tax Instalments explained
Pay as you go Tax Instalments explained Listen to our quick lesson on pay as you go tax instalments including how they work and how the ATO automates them in certain circumstances.
Read MoreKeeping aside enough tax in first year of business tip
Keeping aside enough tax in first year of business tip When you are new to business it is vital you keep some of your profits aside to pay one of your biggest expenses – tax. How much should I keep aside? Firstly, we recommend keeping an idea of your profit. Then keeping at least 30%…
Read MoreHELP debt and tax explained
HELP debt and tax explained How HELP debt is repaid at the tax return is often misunderstood. We explain how it works in this short video.
Read MoreAvoid this mistake when commencing a new employment
Avoid this mistake when you are an employee commencing a new employment role In my experience, I have seen two mistakes which can be made in completing your tax file number declaration form when commencing a new employment. Not indicating you have a HELP debt on the form. Is failing to claim no tax free…
Read Moretaxable income and adjusted taxable income difference
Taxable income and adjusted taxable income differences, explained. There is a common confusion over the difference between adjusted taxable income (used for non tax calculations such as government payments, family benefits , child support and private hospital government contributions) and taxable income which is used for tax on income. Taxable income is income less deductions…
Read MoreEmployees Working from home deduction changes for 2022–23
Employees Working from home deduction changes for 2022–23 The record keeping requirements and methods for calculating working from home deductions has changed for the 2022–23 income year onwards. The shortcut method of calculating work from home of 80cents per hour will cease from 2022 tax returns. From the 2022–23 income year, the methods available to…
Read MoreProtected: Newton Road Properties for sale
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Read Morehow to better claim common tax deductions
how to better claim common tax deductions This tax season is going great so far. The ATO are seemingly quiet and are processing some tax returns as quickly as 5 days. Some areas to prepare your deductions before your tax return appointment are: Doing a diary of working from home hours and…
Read MoreATO tax 2022 focus
ATO tax 2022 focus Tax return time: ATO priority areas The ATO’s 2021-22 tax time focus areas for individuals are: record-keeping – ensuring that proper records are available and data-matching to check correct amounts are reported. Examples of targeted areas are – having receipts for deductions, keeping car expenses logbook or km diary, diary of work…
Read MoreBudget 2022
Federal Budget 2022
Read MoreMotivation boosters
Motivation boosters Of course there can be times when we are not feeling fully motivated. Here are some ideas to get your motivation back to it’s top. try staying away from substances which over stimulate your mind reduce your work load visualize where you want to go, having future plans will help you feel more…
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