Gone phishing – the top scams

Every year, thousands of people are caught by scams. A recent Australian Competition & Consumer Commission report stated that in 2012, Australians reported losing over $93m – that’s just the people who reported the scam. From the ATO The ATO has issued a warning...

Quarterly Super – important

Don’t forget, before you complete your quarterly reporting and payments for your team’s superannuation guarantee (SG) contributions, make sure you have included the increase in SG to 9.25% from 1 July 2013. Plus, if you have any team members aged 70 and over, eligible...

Losing it! How to make the most of your losses

No one in business likes a loss at the end of the financial year. Most of us have grown up on the mantra ‘brackets are bad.’ Recent changes however might soften the blow by giving you access to a cash refund from the Australian Tax Office (ATO). Australia might have...

ATO fires the first warning shots

The Tax Office has fired the first warning shot in the war against naive, deceptive and dishonest taxpayers, revealing its targets for 2013/2014. The big picture or big brother?Fundamentally, the way the Tax Office addresses compliance has changed. Gone are the days...

Driving you crazy: FBT and cars

In mid July, the Government sparked a frenzy when it announced plans to remove the statutory formula method for salary sacrificed and employer provided vehicles. The announcement has meant that most businesses, and as it turns out Governments, have postponed entering...