by Swot Accoountants | Dec 1, 2021 | Business News, Capital Gains Tax (CGT), Tax & Compliance
THE THINGS YOU CAN CLAIM STRAIGHT AWAY Expenses for which you may be entitled to an immediate deduction in the income year you incur the expense: Advertising for tenants Bank charges Body corporate fees and charges* Cleaning Council rates Electricity and gas (while...
by Swot Accoountants | Nov 10, 2021 | Business News
Queensland Premier Annastacia Palaszczuk has pulled out the stick to boost the state’s COVID-19 vaccination rate by banning unvaccinated people from taverns, bars, pubs, clubs, restaurants, galleries, stadiums, festivals, museums from 17 December 2021. While NSW has...
by Swot Accoountants | Nov 2, 2021 | Business News, Companies & Trusts
From the 1 of November 2021, Australia’s 2.7 million company directors can apply for their director identification numbers (Director ID) using the Australian Business Registry Services (ABRS) website. All directors of a company, registered Australian body, registered...
by Swot Accoountants | Oct 8, 2021 | Business News, Business Training
It has never been more important for small business owners to become aware and get smarter about cyber security. While the big companies are spending billions of dollars on cyber security each year, small and medium-sized businesses (SMBs) are not doing enough to...
by Swot Accoountants | Sep 1, 2021 | Business News, Business Training, Companies & Trusts, Tax & Compliance
When starting a small business, you need to choose which type of business structure to use. It is very important to understand the responsibilities of each structure, as it will affect the set-up and running costs, the tax obligations, asset protection, and potential...
by Swot Accoountants | Aug 16, 2021 | Business News, Tax & Compliance
Most people look forward to receiving a tax refund when they lodge their tax return however, in some cases the ATO will issue a tax bill instead. Generally, people who earn income as employees have tax payments made on their behalf throughout the year through...
by Swot Accoountants | Jul 1, 2021 | Business News, Business Training, Coronavirus (COVID-19)
In their latest report, the Australian Competition and Consumer Commission (ACCC) reported more than $851 million were lost in scams by Australians in 2020. Here is a breakdown of the reported scams: $328 million lost in investment scams. $131 million lost in romance...
by Swot Accoountants | Jun 1, 2021 | Business News, Capital Gains Tax (CGT), Tax & Compliance
More than 600,000 Australians have purchased cryptocurrency assets in recent years, and undeniably many of them need some advice as we head towards tax time. While the Australian Taxation Office (ATO) has been watching cryptocurrency for years, their data analysis...
by Swot Accoountants | May 12, 2021 | Business News, Tax & Compliance
*Please note – Many of the announced measures will require changes to the law before they can be administered on behalf of the Australian Government. Personal Tax Rates – there are no changes to the personal income tax rates. The next stage of personal income tax cuts...
by Swot Accoountants | Apr 21, 2021 | Business News, Business Training
Are you thinking of buying or starting a new business? Do you want to avoid the hidden traps that can potentially cost you hundreds of thousands of dollars? Get a FREE 30-minute consultation before starting or buying a business to learn some of the proven tips and...
