Tax and Accounting Archives - AdviceCo.

AdviceCo acquires Harwoods Chartered Accountants

AdviceCo. — Wed, 12 Jun 2024 00:22:10 +0000

AdviceCo is excited to announce the successful acquisition of Erina based Accounting firm, Harwoods Chartered Accountants!

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It’s time to update your SMSF Trust Deed to remain compliant and benefit from new legislative opportunities!

AdviceCo. — Tue, 14 May 2024 06:53:47 +0000

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.

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Federal Budget Wrap 2023-24

AdviceCo. — Wed, 10 May 2023 11:06:52 +0000

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…

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Accounting Bank Feeds – Problems, causes and solutions

AdviceCo. — Fri, 28 Apr 2023 03:45:09 +0000

For many businesses, using bank feeds to automatically import transactions into their accounting software has become a convenient and time-saving solution.

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ATO looking to recover debts: Talk to us about payment plans

AdviceCo. — Fri, 31 Mar 2023 01:31:13 +0000

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.

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Labor to introduce 30% tax on superannuation balances exceeding $3 million

AdviceCo. — Fri, 31 Mar 2023 01:09:56 +0000

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.

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NSW Government helping their own workers with the ever out of reach property market

AdviceCo. — Wed, 15 Feb 2023 03:21:12 +0000

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.

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Why you need to think about tax now (not just in June)

advicecogillian — Fri, 19 Feb 2021 04:37:13 +0000

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…

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Working from home? Know what you can claim!

advicecogillian — Tue, 09 Jun 2020 06:32:48 +0000

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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