Tax return lodgement deadline is at the end of this month 31 October for your 2013 tax returns. For all new clients make sure you book in prior to the end of the month so we can add you to our list with the ATO and get you an extension.
The Reserve Bank of Australia has cut its interest rate to 2.75% today which is great news for the economy. On another positive note, the NAB bank has immediately passed on the full .25% reduction to its home loan and business loan customers. Let’s hope that the other...
The Australian Medical Association (AMA) agrees with Boston Accounting that the new cap to limit self education expense claims to $2,000 is ridiculous as told in the Courier Mail: “THE Australian Medical Association (AMA) has accused the federal government of failing...
There are several significant changes concerning superannuation that will apply from 1 July 2013 and employers need to be aware of them. Employers across Australia will have new superannuation obligations under a range of reforms, and from 1 July 2013, they will need...
Treasurer Wayne Swan is imposing a new Cap on claims for self education expenses for workers wanting to improve themselves. The proposed maximum claim is to be set at $2,000 (initially) and they go through the usual spiel about how the current system is not fair and...
This ruling by the Admin Appeals Tribunal is sobering warning to all small businesses in Australia to keep accurate records. With the small business benchmarks in full swing the ATO is having great success in enforcing its amended assessments based on nothing more...
