Cyber Event – A Digital Fire Waiting to Happen
Most businesses purchase fire insurance because they are aware of just how devastating and disruptive this type of event can be. A cyber attack on your data, however, can be every bit as devastating as a fire and recent statistics are alarming. Government statistics indicate that a staggering 693,053 businesses have experienced a cybercrime event […]
Tax Agent Reputation is Your Safeguard
When we provide advice to clients on their tax claims, it not only protects that individual taxpayer, but, by association, every client in our firm. In July a Brisbane accountant was in the news for a number of reasons, which included being subjected to professional discipline action and chased by the ATO for a substantial tax bill. While […]
Client of the Quarter
At Affinitas Accounting we like to share and celebrate our clients success. Congratulations to Leisa and Andrew from Quarry Plant Solutions & Queensland Sand Blasting on being our ‘Client of the Quarter’.
Clock Ticking for Uber Drivers Caught in GST Net
Uber and other ride sharing service drivers have six months to get their tax affairs in order before the ATO takes audit action. Confusion still surrounds how operators should set up and run their businesses in this relatively new part of the economy. One-third of drivers involved with ride-sharing services such as Uber are yet […]
Tax and Super – What You Need to Know From July 1, 2017
Each Federal Budget seems to put it’s own stamp on Australia’s superannuation and tax landscape – and the Budget of May 9, 2017 was no exception. It is important to note that none of these changes will affect the outcome of your 2017 tax return, but should be factored into tax planning towards your […]
EOFY Time to Focus on Tax
The end of the financial year (now commonly referred to everywhere as EOFY) is approaching, and it is worth spending some time making sure you are prepared for your 2017 Tax Return. It also is worthwhile reviewing the rules expected to change from the 1st July 2017. Tax Hints for Tax Time Preparation
Is your business ripe for restructure?
BUSINESS RESTRUCTURING Is your business ripe for restructure? People start their business in a particular tax structure that suits their start up needs. But sometimes business growth plans or changing legislation can result in this original business structure not being the best vehicle to carry the business forward. If so, there are some circumstances where […]
Six Pack of Tax Hints for Tradies
Are you a tradie looking to get the most out of your tax return? We’re here to help with this simple six-pack of tax tips. To get the tax return you deserve this financial year, make sure you’re claiming deductions in each of these areas — within reason. Car claims – check whether yours is […]
80 per cent of property owners are missing out!
Any owner of a property that generates an income is eligible to receive significant taxation benefits. “Research shows that 80 per cent of property investors are failing to maximise the deductions claimed from property depreciation and are therefore missing out on thousands of dollars in their pockets,” said Bradley Beer, the Chief Executive Officer of […]
Is My Home Tax Deductible?
Potential Home Tax Deductions that you may be missing out on! People may traditionally consider their home to be their castle – but not necessarily a source of tax deductions. Or is it ? Is your house also your place of business? What if your home is also your place of business – like a hairdresser […]