AccountRight 2013.3 – released to clients this week – is a giant step closer to our aim of delivering the fastest cloud accounting solution in the market. Find out who the latest update suits in our recent MYOB Pulse article, Users who will benefit from AccountRight 2013.3. There’s a new feature in LiveAccounts that allows…
[box style=”solid”] Whether you’re after tips to better manage your money or a list of questions you should ask your accountant, our resources will help you get the most out of your money. … you know that education is the cornerstone to making sound financial decisions. And for most people, understanding money and finances is…
[box style=”solid”] The ATO has reminded small businesses with turnover of less than $2 million (ie small business entities or ‘SBE’ that the depreciation rules for business assets are now simpler from the 2012/13 income year onwards. Assets costing less than $6,500 The small business instant asset write-off threshold has increased from $1,000 to $6,500…
[box style=”solid”] The DisabilityCare Australia legislation that provides for a half a percentage point increase in the Medicare levy has become law. The legislation will increase the Medicare levy from 1.5% to 2% of taxable income from 1 July 2014. This will have a flow-on effect to other tax rates than implicitly incorporate the Medicare…
[box style=”solid”] For clients in the building & construction industry. As part of the 2011 – 12 federal Budget, the government announced the introduction of ‘Taxable Payments Reporting’. The system requires employers of contractors to report on details of those contractors and amounts paid to them each year. The aim of the system is to…
LEAH Oliver has been a nurturer of numbers for small businesses in Sydney’s Inner West for more than a decade. Collating reviews to find the best accountants in NSW, TrueLocal.com.au recently ranked her among the state’s top 10. And the expert number cruncher, whose clientele is largely based in Drummoyne, says she owes it all…
Refer below for a concise summary of the Federal Budget 2013/14 delivered last night. Personal Tax Rates Personal tax rates (excluding Medicare Levy) remain unchanged and will apply for financial years FY2013 / FY2014 / FY2015 Previously planned increase in the tax free threshold from $18,200 to $19,400 will not proceed Medicare Levy Medicare Levy…