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Accounting News

Home » Accounting News
Key points from the 2023-24 Federal Budget
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By enrich
In Accounting News
Posted May 31, 2023

Key points from the 2023-24 Federal Budget

 

Federal Budgets can involve a lot of content.  The following are a quick summary of the main issues.  The other related article has more detail.

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Overview of the Federal Budget 2023 – 24
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By enrich
In Accounting News
Posted May 31, 2023

Overview of the Federal Budget 2023 – 24

 

The following are all the links to the federal government's description of its 2023 Budget.  At the bottom are the Budget Documents for those that love to get into [...]

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Holiday Home Tax
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By enrich
In Accounting News
Posted May 30, 2023

Holiday Home Tax

Many Australians own a holiday home, but according to the Australian Taxation Office, there
are a small number of holiday home owners who, on average claim deductions that are six

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Single Touch Payroll Reporting
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By enrich
In Accounting News
Posted May 29, 2023

Single Touch Payroll Reporting

The fine tuning of Single Touch Payroll is now endeavouring to disguise family violence
leave.

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Small business must race to beat instant asset write-off deadline
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By enrich
In Accounting News
Posted May 27, 2023

Small business must race to beat instant asset write-off deadline

Small business will need to race to beat the cut-off date for the instant asset write-off scheme, says a tax principal at RSM Australia, or become ensnared in “significant red tape” once more [...]

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Small businesses need hands-on help with cyber security
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By enrich
In Accounting News
Posted May 26, 2023

Small businesses need hands-on help with cyber security

Firms confront too much information but insufficient practical guidance when it comes to digital lockdown, says COSBOA.

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Changes to parental and workplace sexual harassment laws
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By enrich
In Accounting News
Posted May 23, 2023

Changes to parental and workplace sexual harassment laws

New workplace changes to paid parental leave, and workplace sexual harassment laws.

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How Long Could You Survive Drinking Only …….
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By enrich
In Accounting News
Posted April 26, 2023

How Long Could You Survive Drinking Only …….

Here's how long you'd live consuming only this liquid, and nothing else.

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Early intervention ‘critical’ as insolvencies surge
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By enrich
In Accounting News
Posted April 23, 2023

Early intervention ‘critical’ as insolvencies surge

Tough conversations and engaging clients proactively will be key to minimising fallout, say insolvency specialists.

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FBT Reminder – Odometer Reading
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By enrich
In Accounting News
Posted April 21, 2023

FBT Reminder – Odometer Reading

Anybody who has a Fringe Benefits Tax obligation should take an odometer reading of motor
vehicles

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ATO warns businesses to check FBT claims as deadline nears
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By enrich
In Accounting News
Posted April 19, 2023

ATO warns businesses to check FBT claims as deadline nears

Electric vehicles become exempt from the levy for the first time and Mazars expects an influx of salary packaging requests.

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Fuel Tax Claim Potential Errors in prior period BAS returns
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By enrich
In Accounting News
Posted April 18, 2023

Fuel Tax Claim Potential Errors in prior period BAS returns

From 30 March 2022 to 28 September 2022, businesses that acquired fuel for use in heavy
vehicles for travelling on public roads couldn’t claim fuel tax credits.

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ATO small business ideas or other business support
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By enrich
In Accounting News
Posted April 15, 2023

ATO small business ideas or other business support

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Protect your business from cyber threats
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By enrich
In Accounting News
Posted April 11, 2023

Protect your business from cyber threats

Computer hacking has been around for as long as there have been computers. Once it used to be computer geeks showing the world how smart they were. Now it's become very serious [...]

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Accountants face client backlash over blizzard of tax changes
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By enrich
In Accounting News
Posted March 26, 2023

Accountants face client backlash over blizzard of tax changes

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Changes to working from home deduction – started 1 Jul 2022
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By enrich
In Accounting News
Posted March 23, 2023

Changes to working from home deduction – started 1 Jul 2022

ATO brings in changes for calculating working from home deductions.

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Later retirement takes oldies back to living in ’70s
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By enrich
In Accounting News
Posted March 22, 2023

Later retirement takes oldies back to living in ’70s

The labour shortage and increased workplace flexibility has seen potential retirees remain in the workforce for longer, says KPMG.

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Sharing economy reporting regime commences soon
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By enrich
In Accounting News
Posted March 21, 2023

Sharing economy reporting regime commences soon

As a part of the Federal Government’s strategy to combat the tax compliance risks posed by
the sharing economy, it has passed into law new requirements for operators of [...]

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Details of tax calculation for $3m threshold a ‘mixed blessing
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By enrich
In Accounting News
Posted March 18, 2023

Details of tax calculation for $3m threshold a ‘mixed blessing

The proposed tax on earnings calculation for balances exceeding $3 million will see some members paying tax on unrealised earnings, says the SMSF Association.

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Comparison: How Long It Takes To Decompose?
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By enrich
In Accounting News
Posted March 15, 2023

Comparison: How Long It Takes To Decompose?

Check out how long everyday items take to decompose.

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