Articles

Superannuation Legislation and Threshold Changes 2014

Wed 18th Jun, 2014

The year 2014 will see some changes to the superannuation rate, non-concessional contribution cap, concessional contribution general cap, tax rates and the tax free threshold.

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Self-Managed Super Funds - Changes from 1st July 2014

Wed 18th Jun, 2014

From the 1st July 2014, changes to SMSF administration will be brought in. Please speak to your accountant regarding implementing changes as required. The biggest change is that from 1st July, SMSFs must...

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Super Stream Changes Our World

Wed 18th Jun, 2014

The ATO has recently implemented changes to employer super contributions that may affect your business. This new reform is known as SuperStream.

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5 Benefits To Lodging Your BAS On Time

Tue 11th Dec, 2012

As we approach the 'silly season' many small business owners are busy tackling the day-to-day tasks that come with running a business. Lodging your BAS on time, not only fulfills your obligations, it can also be beneficial to your business.

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Audit Insurance

Tue 11th Dec, 2012

Audit Insurance pays for accountant fees incurred to manage a State & Commonwealth Government Agency "Compliance" audit. Other Professional fees are also included, such as obtaining a legal opinion.

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What's The Taxman Thinking? Vehicle Crackdown

Tue 11th Dec, 2012

The Tax Office has just announced a massive motor vehicle audit program. All individuals and businesses that have purchased a motor vehicle costing more than $10,000 in 2011/2012 or 2012/2013 will be targeted (some 2.8 million taxpayers in total).

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Managing Key Business Issues

Tue 11th Dec, 2012

A wide range of potential risks exist for all business but good management & contingency/disaster recovery planning can significantly reduce them. Following are some actions you can take to minimize the risk you face.

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Christmas Gifts And Fringe Benefits Tax

Tue 11th Dec, 2012

Do you know which Christmas Gifts are tax deductible and which Christmas Gifts aren't? This article outlines some guidelines on which gifts are and are not tax deductible. Read now before purchasing gifts with after tax income instead of before tax income.

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Your Hip Pocket - What's Coming in 2013?

Tue 11th Dec, 2012

2013 will bring some significant changes, some of which may impact your hip pocket. Superannuation will increase by 0.25%. Business Tax Relief and Schoolkids Bonus.

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Christmas Parties And Fringe Benefits Tax

Tue 11th Dec, 2012

The ATO is reminding businesses that while staff Christmas parties can attract fringe benefits tax (FBT) there may be exemptions available depending on the venue and cost per employee. There are two main exemptions to FBT that could apply to Christmas parties...

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Christmas Tips For Your Business

Tue 11th Dec, 2012

With the holiday season almost upon us, here are a few timely tips and reminders. 1) Are you legally allowed to tell your employees to take their annual leave during the holiday season? 2) Your holiday season closure notification strategy. 3) Christmas party and gift expenditures and Fringe Benefits Tax - keep your expenditures under...

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Payment To Contractors

Tue 11th Dec, 2012

As part of the 2011/12 Federal Budget, the Government announced the introduction of taxable payment reporting for businesses in the building and construction industry. This means that you will need to report to the ATO the total payments you make to each contractor for building and construction services each year, starting from 1 July 2012.

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The New BAS Agent Laws And What They Mean To You

Tue 9th Oct, 2012

Why does a bookkeeper need to be a BAS Agent? From 1 March 2010, new legislation known as the Tax Agent Services Act 2009 took effect. The laws have seen the introduction of a national Tax Practitioners Board who, among other things, oversee and regulate the supply of BAS Services to the public. Taylor & Moore recommends interviewing your potential Bookkeeper and/or BAS Agent using the following questions, before selecting them to handle your accounting and bookkeeping needs.

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11 Questions To Ask When Hiring A Bookkeeper

Tue 9th Oct, 2012

Without sounding like alarmists, the fact is that hiring the wrong bookkeeper can destroy your business. Before choosing a company with whom to work, it is imperative to clearly define what you expect from your bookkeeper. Taylor & Moore recommends interviewing your potiential bookkeeper and/or BAS Agent using the following questions, before selecting a them to handle your accounting and bookkeeping needs.

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How To Save Money On Your Bookkeeping Bills

Tue 9th Oct, 2012

A good bookkeeper should be able to put money back into your pocket. You can help by working smart with them. Working efficiently with your bookkeeper will do a lot to eliminate headaches and reduce your bookkeeping & accounting bills. At Taylor & Moore we specialise in helping you & your business save money on your bookkeeping bills by implementing our handy tips.

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