Latest Blogs
What is the difference between a Tax Agent and a BAS Agent?
As a business owner, you have to deal with numerous tasks related to business finances. In this world of finance, various professionals play a crucial role in managing a small business. The most common roles you will encounter are tax agents and BAS agents. These are...
Common Tax Filing Mistakes and How to Fix Them?
The ATO is an expert in identifying errors on tax returns, and with increasing tools and access each year, their job is becoming easier. So, if you are considering adding a few extra deductions or omitting income from your side gig, reconsider. Nowadays, the ATO...
Understanding Tax Implications for Beneficiaries
Apart from dividing your assets and knowing who should get what, it’s crucial to consider tax implications for how your assets will flow through to your beneficiaries. When assets shift from a deceased individual to a beneficiary of the estate, the impact of the tax...
The Ban on Genetic Test Insurance Discrimination
Under a new government proposal, there will be a total ban on genetic tests to prevent life insurers from discriminating based on adverse predictive genetic test results. Predictive genetic tests identify gene variants associated with hereditary disorders that may...
Understanding Payday Superannuation
From 1 July 2026, employers will be required to pay superannuation guarantees (SG) on behalf of their employees on the same day as wages and salaries, replacing the current quarterly payment schedule. This change aims to minimise the estimated $3.4 billion gap between...
Should I Use a Tax Return Accountant to Avoid Tax Errors?
Many business owners and individuals choose to get help from a professional tax return accountant when it’s tax season. With increased accuracy, maximum tax returns, and less stress, it’s easy to see why Australians prefer using tax accountants to lodge their tax...
Can a Tax Agent Help Increase Tax Returns in Australia?
You work hard to earn, so it’s crucial to get everything back that you are liable to. The best tax agent in Melbourne knows what potential tax deductions you can claim to help you get more money back. Do you find yourself comparing your tax refund with friends and...
Factors Influencing the Cost of Accountants in Melbourne
Managing business finances can be daunting, especially when you are concerned about your tax returns. Hiring the best accountants in Melbourne is not just beneficial, it's crucial. The cost of hiring a professional accountant can vary based on several factors. In this...
How Much Can You Earn on JobSeeker?
You may have heard about JobSeeker payment. But do you know, who can get it, how much you can earn on JobSeeker, and how much you can get? To answer all your questions, we have sorted everything to help you understand everything about JobSeeker payment. What is a...
Where Can I Find My ABN Number?
Where Can I Find My ABN Number? Your business’s primary identifier is your ABN, and you must have it on hand. There are times when you might be unable to find your ABN. If you want to run a business in Australia, it’s important to have an ABN, which stands for...
How to Speed Up Centrelink Claim?
Want to know how to speed up a Centrelink claim? This blog post aims to streamline the complex task of understanding the claiming process. This comprehensive guide is for Australians who get payments through Centrelink. How do you speed up a Centrelink claim? We...
Tax Evasion: Does the ATO Investigate Tax Evasion?
Some Australian taxpayers misuse the tax and superannuation systems to receive financial benefits. The ATO is committed to preventing, identifying and bringing the tax perpetrators and financial crime into consideration. Let’s know more about tax evasion. What is tax...
Is the RBA Responsible for the Economic State?
The politicians have expressed their opinions on the Reserve Bank of Australia's economic policy and their reticence to minimise interest rates in the face of community pressure. We will examine the actual data. Treasurer Jim Chalmers stated that global uncertainty...
ATO Data Matching for Investment Property and Lifestyle Assets
The ATO has started two data-matching programs that impact investment property owners and those who hold expensive lifestyle assets. Investment property What investment property owners declare and claim in their personal income tax returns is a constant focus for the...
What are Tax Fraud Scams and How Can You Spot Them?
After logging into your myGov account, you find that your activity statements have been amended for the past 12 months, and a GST credit of $100k has been issued. However, you did not receive this $100k refund in your bank account. What should you do now? myGov...
How to Choose the Best Accounting Firm in Australia?
When running a business successfully, finding and choosing the right accounting firm is vital. A reliable accounting partner gives you insight into your business, helps with tax planning, and ensures tax compliance. However, with various options available, choosing...
Legislative Changes: Abolishing the AAT and Superannuation on Paid Parental Leave
Abolishing the AAT The Administrative Review Tribunal (ART) is a federal administrative review body proposed in the Measures Bill 2024, introduced into Parliament on 21 August. The bill seeks to abolish the existing Administrative Appeals Tribunal (AAT) and amend...
Rulings, Determinations and Guidance: Personal Services Businesses and Part IVA
Personal services businesses and Part IVA The Australian Taxation Office (ATO) has released a draft practical compliance guideline outlining its approach to applying the general anti-avoidance rules in Part IVA to situations where personal services income (PSI) is...
From Regulators: Key Rules for Work Expenses, Withholding Tax, GST, and Debt Rules
Record-keeping for work-related expenses The ATO has issued a reminder to collect the retain appropriate records for work-related expenses this financial year – the primary area for the ATO. Records can be kept on paper, an electronic copy or a clear photo of an...
Additional Time for Code of Conduct Reform and Data-Matching Property Data
Additional time for Code of Conduct reform compliance The 8 new tax practitioner Code of Conduct obligations introduced by Tax Agent Services (Code of Professional Conduct) Determination 2024 were scheduled to start on 1 August. However, due to lobbying by...
How Long Does It Take for Tax Refund to Show in Bank Account Australia?
Waiting for your tax refund to show in your bank account can be an overwhelming experience, especially if it takes longer than expected. The Australian Taxation Office (ATO) is responsible for processing several tax returns each year, and various factors affect the...
Why Do I Have to Pay PAYG Instalments?
In Australia, the Pay As You Go (PAYG) instalment system is a crucial part of the country’s tax system. It is designed to help people with investments and businesses manage their tax obligations throughout the fiscal year. If you are not sure if you should pay PAYG...
How a Tax Agent in Melbourne Can Maximise Your Tax Refund?
When you lodge a tax return each year, do you get the right tax refund amount you are liable to? Are you looking to maximise tax refund but don’t know where to begin and don’t want to get into difficulty with the ATO? To get the right tax refund amount you are...
Tax Agent Melbourne
Lodge with a Registered Tax Agent in Melbourne We have experienced Tax Agent Melbourne who can help you prepare and lodge your tax return. We save you time by completing your tax returns, claiming possible tax deductions and offering personal tax advice. We specialise...
Employment Separation Certificate
Do you want to know what an employment separation certificate is and why it is used? In this blog post, we’ll discuss the importance of an employment separation certificate. Let’s get started: What is an employment separation certificate? An employer issues an...
What is Franking Credit: A Simple Guide for Beginners
We’ll discuss franking credit in Australia and how it works. Let’s get started: What is Franking Credit? In simple words, just like people pay tax annually on their annual income, similarly, companies pay tax on their profit made annually. When a company make a...
The Changes to How Tax Practitioners Work with Clients?
The Government has updated the legislation governing registered tax practitioners to mandate the reporting of significant uncorrected errors to the Tax Commissioner. The Government has introduced several changes to the Tax Agents Services Act 2009 that include...
What Happens to a Business in a Divorce?
For couples with assets invested in a company, it's important to evaluate the tax implications of any settlements made by the company. Payments made by a corporate entity may sometimes be classified as taxable dividends and taxed at the marginal tax rate of the...
When is a Gift not a Gift?
The Tax Commissioner has argued successfully that above $1.6m deposited in a couple’s bank account was assessable income, not a loan or a gift from friends. The case of Rusanova and the Commissioner of Taxation is a compelling example. The plot includes an Australian...
Superannuation Tips from Tax Accountants in Melbourne
In this blog, we’ll discuss the basics of superannuation. Let’s get started: What is superannuation? Superannuation is money that your employer puts aside over your working life for you to live on after you retire from work. Super is crucial because if you save more,...