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Newsletters
Pressed with time? We have summarized the key points on the new federal budget for you. Economic parameters: Inflation is expected to peak at 7.75 per cent later this year, then average 3.5 per cent the following financial year before reducing to 2.5 per cent in 2024-25. Funding for the ATO and ASIC: Both the ATO and […]
Newsletters
The recent Optus hack has shocked everyone. Optus users need to act quickly to protect themselves from becoming easy targets for future cyber-attacks. Please refer to this link from Accountant Daily on what information was leaked, and what could happen if your information is stolen: Optus hack puts all Australia on alert, accountants in front line You […]
Newsletters
Please find below tax updates and deduction tips for this week. Important tax law changes to professionals: Professional firm profit allocation arrangements will need to be changed to be in compliance with the new ATO requirements. Read below link on how ATO is engaging with individual professional practitioners to assess and mitigate the risks of profit […]
Newsletters
Loan offset account could help you to save up to tens of thousands of dollars on tax or interest. Below are the two main reasons. Reason 1: Offset account could help you to save $$$ on tax Firstly, what is an offset account? An offset account is linked to your residential loan account. It can […]
Newsletters
In the recent Xerocon event, ATO boss Chris Jordan says all future tax returns will be fully digitalized by 2030. When it happens, tax returns will be fully automated since you can link your systems directly to ATO. So do you still need a tax accountant to help you after this? The hard fact […]
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