Boston Blog

Stay informed with tax, business and accounting news

Google Reader on Deaths Door – Good Business:

Google has notified users of it’s best software product “Google Reader” that they are closing it down as of June this year. This is a bit of a problem for those of us who choose to use RSS and a web based reader for our aggregated news fix as there are no other RSS...

Small business ownership – The best way to get ahead:

If you're working for someone else and dream of getting ahead in life..... stop dreaming, it’s not going to happen! With Australia’s progressive tax rates you just end up paying substantially more tax the harder you work. That isn’t a problem if you are socially...

Printing Money 101:

If you need a good laugh then watch this simple take on Quantitative Easing... http://www.youtube.com/watch?v=XrJHzbl7ay0&feature=player_embedded  

Fines start flowing:

The government is starting to take a hardline against people who have not lodged their overdue tax returns and BAS’s. In January we saw a number of $550 fines issued to people for non lodgement of overdue returns. The ATO have further advised us today that over the...

Welcome to 2013:

Another new year is upon us and I hope you all had a safe holiday and are recharged and ready to tackle 2013. This year promises to be a big one. With global financial uncertainty ever present it is easy to get bogged down with the "doom and gloom" thinking but...

ANZ – Big LOL moment:

I was looking into opening a bank account for my children today so did the due diligence and had a big laugh when I read the following from ANZ in relation to their ‘Progress Saver account’ for kids: “Earn interest on your savings with the opportunity to earn bonus...

Austerity – Australian style:

We are used to hearing of Austerity measures in Greece but Austerity in Australia? Yes it has already begun however here are some new cutbacks that will increase your costs: “The government's rebate applied to private health insurance will be calculated using...

Tax Office power to obtain documents:

Don't pretend to play hard ball with the tax office, you’ll lose. That's what one Victorian based business found recently when it was fined $1,100 plus costs when it refused to hand over documents and other information in relation to its employer obligations. The...

Beware Company Directors:

So you have been running your business through a company structure for years and still believe that it’s the best way to operate? Perhaps your accountant set you up in a company and you're not sure of your obligations as the company director? Well the times are a...

Times running out for self lodgers:

If you're going to try your hand at being a tax accountant/tax lawyer this year and prepare and lodge your own tax return using the tax office E-Tax software then you have until 31 October to get it done. Leave it until after that date and you risk late lodgement...