by Swot Accoountants | Jul 31, 2019 | Super
If you have insurance through super, it usually covers you for death, disability and sometimes income protection. But, if your super account is not used for a while, your insurance may be automatically cancelled, regardless of your age. This means, if you haven’t...
by Swot Accoountants | Jul 5, 2019 | Tax Offset
The much talked about increase in the tax offset from $530 to $1,080 has passed through the Senate on Thursday the 4 July 2019. From the 2018-2019 tax year the Government has increased the low and middle income tax offset from a maximum of $530 to $1,080 and from the...
by Swot Accoountants | Jun 30, 2019 | Business News, Payroll
If your employer is now using Single Touch Payroll (STP) to report your income to the ATO, you will no longer receive your PAYG Payment Summary at the end of the financial year. If you have a myGov account, make sure it is linked with the ATO and you will receive a...
by Swot Accoountants | Jun 15, 2019 | Business News, Tax & Compliance
An instant asset write-off allows small business owners to claim full deduction on a purchased asset up to the value of $30,000 in the year it is purchased and first used or installed ready to be used. This rule applies to new and second-hand assets. The thresholds...
