Individual tax

Bitcoin, cryptos and your taxes

August 15, 2018 | Budget, Financial planning, Individual tax, SMSF

The central premise to be “outside of the central banking monetary system” and the “way of the future”. If you own or are thinking to own cryptocurrencies, you should not be confused with that those that disagree with Bitcoin being money and those people not understanding it. They do, especially the Australian Taxation Office (ATO) […]

Lodged your tax return. How long will it take?

July 27, 2018 | Individual tax

So you have lodged your tax return and expecting a refund, now when do you receive it? Typically, if you have lodged your return electronically with your account details it should take around 12 business days (so exclude weekends), however it may take longer. Apart from any arrangements you may have with us the ATO […]

Financial Elder Abuse: what it may look like and where to go

July 23, 2018 | Financial planning, Individual tax

For many this is an incredibly difficult and sometimes embarrassing issue, here is some important information which may help: From CPA Australia: The World Health Organisation defines financial abuse of an older person as, “The illegal or improper exploitation or use of funds or other resources of the older person”. The definition includes acts with […]

Protect your privacy: ATO warns about scammers

July 12, 2018 | Business Advisory, Financial planning, Individual tax, Scam Alerts, SMSF

It is imperative that you keep your personal information secure, the ATO has released another warning about increased scam activity this year. From the ATO Scammers frequently claim to be from the ATO and according to Ms Anderson, you should be wary of any phone call, text message, email, or letter about a tax refund […]

November deadline: Trading names to be retired

July 6, 2018 | Accounting, Budget, Business Advisory, Individual tax

An excerpt from ASIC. If you require assistance with this matter please contact the office. “From November 2018, trading names will be removed from the ABN Lookup. The ABN Lookup contains a list of all Australian Business Numbers (ABNs) and any associated business names. If you want to trade under a specific name, you’ll need to […]