Received an email from ASIC recently? You might want to check out our blog on ASIC scams below.Read more →
Are you a Teacher, Nurse or employed in Maths or Science? This is your LAST CHANCE TO CLAIM THE HECS-HELP BENEFIT.
The Government announced in the 2017 Federal Budget that the HECS-HELP Benefit will be removed effective 1 July 2017, meaning the 2016 and 2017 financial years will be the final years in which eligible taxpayers can claim this incentive.Read more →
Cloud based accounting systems give you live and up to date financial data. The benefit to your business is immense, allowing you the opportunity to view and analyse the results in real time. The advantage of not having to wait for months, or even the following year when your tax work is done, is tangible. Imagine having everything at your fingertips so you can make decisions in real time. In addition to what is in your financial records, there is a lot of other data that can be collected from other systems, such as google analytics from your website, and in your other cloud based apps.Read more →
NCA’s Year End Tax Strategies highlight some of the areas to consider before 30 June 2017 in relation to:
• Small Business Asset Write Off
• Superannuation Tax Planning Opportunities
• Post 30 June Tasks
The following list of tax planning opportunities is not exhaustive and we urge you to contact NCA to discuss any strategy you are planning to implement before 30 June, 2017.
The end of the tax year is fast approaching and you are probably busy looking at your tax planning options prior to 30 June. However, that is not all we need to be preparing for, there are also a number of tasks that need to be performed soon after the end of the financial year. If you would like assistance with any of the below items please contact us here at NCA as we are more than happy to help out.
The accelerated depreciation write-off for assets up to $20,000 (Ex GST) acquired by small businesses was announced in the May 2015 budget. As a boost for small businesses, the Government has extended access to a number of small business tax concessions by increasing the annual turnover eligibility threshold from $2m to $10m. These measures have applied from July 1, 2016.Read more →
There are major changes to super that come into effect on 1 July 2017 so before making any superannuation contributions please contact NCA to discuss. There are strict eligibility requirements. Most importantly, regardless of the type of contribution being made the Super Fund must receive the contributions before June 30. Transfers and deposits must clear before June 30. Below we have outlined the key features most likely to affect you.Read more →
Last week the Government handed down the Federal Budget for the 2017-18 year. One of the key themes this year is housing affordability and a number of taxation and superannuation measures have been introduced in relation to this.Read more →
Are you up to date with your ATO payments or if you have an ATO debt do you have a payment arrangement in place?
From 1 July 2017 the ATO is able to report any outstanding debt to credit reporting agencies. What this means for business owners is that your business credit rating and therefore current and future finance arrangements may be at risk.