Category Archives: Bookkeeping

How to Prepare for a Tax Office Visit

How to Prepare for a Tax Office Visit

The Tax Office is actively targeting geographic areas for special visits as part of a nationwide crackdown on the black economy.   This financial year, the ATO has visited 22 regions with another four in progress. Next financial year they plan on visiting over 10,000 businesses.   The ATO is seeking to identify businesses that are hiding sales, paying cash in hand, or are […]

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Tax time: Are you in the ATO’s sights?

Tax time: Are you in the ATO’s sights?

Tax time: Are you in the ATO’s sights?  A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect greater scrutiny where their claims are more than what is expected. We take a look at the key issues for you, your business and your SMSF.  […]

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Election 2019: A vote for continuity in an uncertain world

Election 2019: A vote for continuity in an uncertain world

The Liberal/National Party Coalition has been returned to government, as Australians chose continuity over change and cautious economic management over Labor’s ambitious reform agenda.  Although Prime Minister Scott Morrison’s election spending promises were more modest than Labor’s, they will still deliver economic stimulus in the form of personal tax cuts and other initiatives. This is […]

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