Tax and Accounting
AdviceCo acquires Harwoods Chartered Accountants
AdviceCo is excited to announce the successful acquisition of Erina based Accounting firm, Harwoods Chartered Accountants!
Read MoreIt’s time to update your SMSF Trust Deed to remain compliant and benefit from new legislative opportunities!
You may be aware of recent changes to that impose new obligations on SMSF Trustees that will need to be complied with by all Funds each quarter.
There are also extensive changes that have been proposed/flagged that will impact many SMSF’s, and what they are required to report to the ATO.
Read MoreFederal Budget Wrap 2023-24
Treasurer, Jim Chalmers, delivered the 2023-24 Federal Budget last night, where the Government has outlined a raft of measures which aim to strike a “considered, methodical balance” between fiscal restraint and supporting Australians through the current difficult times. The Government has announced a small surplus of $4.2 billion this financial year, the first in 15…
Read MoreAccounting Bank Feeds – Problems, causes and solutions
For many businesses, using bank feeds to automatically import transactions into their accounting software has become a convenient and time-saving solution.
Read MoreATO looking to recover debts: Talk to us about payment plans
The ATO’s debt recovery activity and economic headwinds have combined to hit NSW hardest with insolvency appointments up 62 per cent in the first half of 2022-23, Insolvency Australia says.
Read MoreLabor to introduce 30% tax on superannuation balances exceeding $3 million
The Australian Super system is designed to help Australians save money that they can access in retirement. Superannuation is an investment environment designed specifically to help you save for your retirement.
Read MoreNSW Government helping their own workers with the ever out of reach property market
People living in New South Wales are facing a big challenge in owning their first home. Knowing that a large deposit is needed can be daunting and in the long run opt out of buying.
Read MoreWhy you need to think about tax now (not just in June)
You need to think about tax now, because it will save you money. At this point of every year, we recommend all businesses participate in a pre-June review of your tax structure, commitments and obligations so that you can plan and save. An effective Pre-June review will involve a 1:1 deep-dive with your accountant on…
Read MoreWorking from home? Know what you can claim!
An estimated 10.5 million Australian workers are experiencing changed employment conditions since the outbreak of COVID-19(1). More than 50% are doing paid work from home. So what and how can you claim? First consider which way you’d like to calculate your expenses: In order to qualify to claim specific expenses under methods 2 & 3,…
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