Recent ATO communication and activity has highlighted the need for accurate record keeping when claiming motor vehicle expenses, particularly in relation to log books. In earlier blogs we discussed the two methods available for claiming car expenses (Link to Blog), as well as special rules that applying to commercial vehicles (Link to Blog) In addition... Read More
If you use your car for work purposes you are able to claim a portion of the running costs as a deduction in your Tax Return. The two methods allowed by the ATO are the cents per km method and the log book method. Cents per km method: Under this method you make a reasonable... Read More
As announced in the 2017-18 Federal Budget, the Australian Government has introduced the Downsizer Measure allowing those aged 65 or over to top up their superannuation as a result of downsizing their home. This measure allows individuals to make a tax free contribution of up to $300,000 (or $600,000 per couple) from the sale of... Read More
The Government has announced a 12 month amnesty for employers who have failed to meet past superannuation guarantee obligations for their employees – also known as a “SG shortfall”. Once the legislation is passed by parliament, the amnesty is intended to apply retrospectively for 12 months from 24 May 2018 to 23 May 2019. In its proposed... Read More
The ATO are changing the way employers will report their payroll information to the ATO from 1 July 2018. Who does it affect Employers with 20 or more employees as at 1 April 2018, will need to start using Single Touch Payroll (STP) enabled software from 1 July 2018. If you have 19 or less employees, STP reporting will be... Read More
The Australian Business Register are currently emailing clients who have a trading name linked to their ABN details. Prior to May 2012, trading names were collected and could be recorded manually on the Australian Business Register, ABN Lookup. ASIC have introduced a new national business names register replacing state and territory registers and now manage... Read More
Perth Accountants, Brealey Quill Kenny outline below the new FBT and Commercial Vehicles Guidelines. An increase in the provision of dual cab utes has resulted in the ATO issuing new guidelines in relation to the private use of “commercial vehicles”, the result of which will put more of an onus on employers to monitor private... Read More
Brealey Quill Kenny Accountants would like to advise employers of changes to the way they will report their tax and superannuation to the Australian Taxation Office from 1 July 2018. Who does it affect? Employers with 20 or more employees will need to start using Single Touch Payroll-enabled software from 1 July 2018. If you... Read More
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PPSAdvisory – Introductory ServicesOur team recently received an update on the Personal Property Security Act (PPSA) from our affiliated advisor, Simon Read of PPSAdvisory Simon reminded us of the importance of our clients properly registering their security interests,... Read More