Tax Deductions for Uber Drivers
Tax deduction is an important term used to refer to the amount of money that is reduced from the annual income of a taxpayer. There are certain conditions that must be met to ensure this process is carried out smoothly and that the required goal is achieved. Nowadays, with the ever-growing popularity of Uber as […]
What Ignoring Your FBT Obligations Could Trigger with the ATO?
Fringe benefits tax (FBT) is a special kind of tax that all employers pay on the benefit that they provide to their employees and/ or their family. This benefit could be a part of the salary or something additional to it. It is important to note how the FBT is different from an income tax […]
ATO Alert – ATO data matching – motor vehicles
The ATO will acquire information for the 2016-17, 2017-18 and 2018-19 financial years on vehicles that have been transferred or newly registered where the purchase price or market value is equal to or greater than $10,000. Data will be acquired from the eight state and territory motor vehicle registry authorities. It is estimated that […]
Business Payroll Reporting: Beware Being Fooled by New Single Touch System
April 1, 2018, was the key date to analyse whether your business needs to comply with the new single touch business payroll reporting (STP) requirements. Single Touch Payroll is a reporting change for employers with 20 or more employees which began from 1 July 2018. It involves reporting to the ATO salaries and wages, pay […]
Procrastinating About Overdue Tax Returns?
Let Us Help Get You Up To Date When you have been involved in a business that completes thousands of tax returns each year, for more than 25 years, you’ve heard just about every excuse why people delay or avoid lodging their returns. Regardless of the excuse you fall back on, the obligation to lodge […]
Client of the Quarter
At Affinitas Accounting we like to share and celebrate our client’s success. Congratulations to The Brisbane Plumbers for being our ‘Client of the Quarter’. For a business that started less then a year ago Courtney & Joseph have done extremely well in growing their client base and brand name around Brisbane.
Can I lodge my tax return without my group certificate?
For most people, lodging taxes is a pretty simple process. They just pass their payment summary to their accountant and their return is taken care of automatically. But what if you don’t have a payment summary? Suddenly things become a lot more difficult. Don’t worry, while lodging a return without a payment summary is more […]
I Have Got A HECS/HELP Payment And Want To Pay This Off Faster. Are There Any Benefits In Doing So?
What is HECS/ HELPS? HECS/ HELP is a student loan program that grants loan to those students who are enrolled in commonwealth-supported places. The loan aims to pay for the student contribution amounts, which means this program is both a loan and a discount for the student body. There is a specific criterion, which must […]
How to Use a Car Logbook?
A car logbook or a vehicle logbook is an important and helpful tool, which acts as a proof of ownership over a specific car along with the usage details that are associated with it. These include the fuel costs, mileage and so on, which help immensely in the future. A logbook is highly significant when […]
Tax Deductions for Teachers
Teachers play a vital role in shaping our society. Since their prime focus is on children, which are our future. They not only provide children with the academic knowledge but also give them a handful of life-learnt experiences too, which helps them excel in their life endeavours. Just like any other profession, it is observed […]
