How to get ready for EOFY (2021)Key DeadlinesJune 5 – The final lodgements for 2019-2020 Company Tax Returns are due. This is the deadline for accountancy agencies to submit their clients’ returns.1 May - 30 June – Annual Taxation Planning.30 June - Activities from tax planning to be finalised, including...
Month: May 2021
What is Asset Depreciation? Everything you need to know
Are you looking to buy an asset for your business? If so, figuring out the potential impact on your financial statements before making the purchase would be a wise move. While small items like calculators and stationery are expensed in the year they’re purchased, the cost of fixed assets are...
What you need to know about Capital Allowances
Not claiming the full capital allowances you’re entitled to is like throwing money away. Capital allowances can offset your business income and reduce the amount that ends up in the tax man’s pocket. That’s why it’s important to stay on top of this tax area. To help, we’ll run through...
Federal Budget 2021 Summary – Business Highlights
With the unveiling of the 2021-2022 Federal Budget on May 11, the Australian Government has highlighted key initiatives that will speed Australia along on its road to economic recovery from COVID-19.Key economic highlights from the budget showed that Australia has made a rapid recovery, with economic growth up to 1.25%...
Accountant for government agencies – should you be outsourcing?
Three challenges stand out for government entities in the post-COVID world: increased demand for services, tighter budgets and higher expectations for service delivery. Leveraging the expertise of an accountant for government agencies could be a great way to meet these challenges. But how do you know if outsourcing accounting, tax...