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The October 31 deadline for lodging your tax return is here

The October 31 deadline for lodging your tax return is here

by AccountingProfessionals | Oct 31, 2018 | Accounting Professionals

Before you rush off to gather all the documents for your tax return, beware of some changes in this year’s return, particularly in the areas of rental properties and superannuation. In addition to the changes in the tax return, the ATO has also outlined the top 5 most...
Are you doing what is important, not what is urgent?

Are you doing what is important, not what is urgent?

by AccountingProfessionals | Oct 8, 2018 | Accounting Professionals

By Nick Fitzgerald, Business Advisory Director, Accounting Professionals “I’m so busy right now,” is hands down the most common response I hear when I ask business owners, “how are you?” or “how’s business?” And, sadly, the answer to my follow up question “how is cash...
Does your SMSF have a sole purpose?

Does your SMSF have a sole purpose?

by AccountingProfessionals | Oct 8, 2018 | Accounting Professionals

The sole purpose test is one the fundamental requirements for a Self Managed Super Fund (SMSF) to obtain tax concessions. It requires that the SMSF be maintained for the sole purpose of providing retirement benefits to its members or their dependents if a member dies...
Why paying tax is a good thing

Why paying tax is a good thing

by AccountingProfessionals | Oct 8, 2018 | Accounting Professionals

By Nick Fitzgerald, Business Advisory Director, Accounting Professionals Benjamin Franklin, one of the founding fathers of the United States, once infamously said, “Nothing can be said to be certain, except death and taxes.” While the first is inevitable, I believe...

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