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Archives for March 2019

FINANCE SERVICES

Changes to Instant Asset Write-Off

New laws have now been passed to give effect to the federal budget announcement to increase the instant asset write-off threshold to $30,000. The amendments mean there will be three tiers within the 2019 financial year for businesses with turnover…

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Small Business Accountant Melbourne

How to Avoid Fake Invoice Scams

According to ACCC’s Scamwatch, Australian businesses lost $2.8 million to fake invoices in 2017, and almost $5 million in 2018, showing this type of scam is on the rise. A fake invoice works because it usually includes all the information…

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Are You Getting Ready For Tax Time?

Getting ready for tax time can be daunting for any business, be it small or large. A little preparation before the end of the financial year can save time (and money) when it comes to preparing year-end accounts and tax…

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Small Business Accountant & Tax Agent Melbourne

The power of business insights

Most businesses don’t actually make the most use of their financial data because they simply don’t understand it. The numbers can tell a story if properly presented. However, typical financial statements can only tell you a story about what happened…

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ATO to Double Rental Deduction Audits

The ATO has warned taxpayers with rental properties that they are a “top priority” for tax time 2019 after finding that 9 out of 10 tax returns with rental deductions contained an error. Taxpayers can expect audits to more than…

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