Tax Information Regarding Donations to the Bushfire Relief
As Australians we are devastated by the sheer volume of destruction that our fire season has already brought to our country. It is refreshing to see the Aussie spirit shining through as well as international support pouring in with donations to help the people affected, our Firies and our wildlife. [...]
Are You Protected by our Audit Shield Service?
Many of our clients would have received an email offering them the chance to take advantage of our Audit Shield Service. We have had a few questions regarding exactly what audit insurance is and so we’ve compiled a post to answer a number of these questions for you. What is [...]
Are You in Control of Your Business or is Your Business Controlling You?
Many people dream of owning their own business, but when they do sometimes they find that in fact the business owns them! So how do you gain control over your business so that it serves you rather than enslaves you? If you’re after time freedom in your business as opposed [...]
I Want to Start a New Business – What Now?
I want to start a business, but where do I start? Is a common question that people have. Whatever type of business you want to start one of the first steps should always be to talk to your Accountant. Obviously people think about what equipment they may need, they may [...]
Income Tax Returns for Influencers
Blogging has been a growing industry over the last couple of decades and now we are moving into the influx of the influencer industry that is especially prevalent on the social medial platform Instagram. With the rise of social media over the last decade the blogging/influencer industry has exploded and [...]
Do You Receive Foreign Income?
If you receive foreign income it is very important that you declare it. The ATO have announced that the gloves are off when it comes to the underreporting of foreign income. How you are taxed and what you are taxed hinges on your residency status for tax purposes. This can [...]