by Knowledge Shop | Dec 13, 2018 | News
New laws passed by parliament last month directly target the behaviour of taxpayers that don’t meet their obligations.
If taxpayers do not meet their PAYG withholding tax obligations, from 1 July 2019 they will not be able to claim a tax deduction for payments:
by Tammy Dalgliesh | EnVision Grant Specialist | Dec 12, 2018 | News
The Australian Apprentice Wage Subread more...
by Kerri Stuart - Tax & Business Advisory Manager | Dec 11, 2018 | News
On Wednesday, 5 December, the Senate passed the Treasury Laws Amendment that extends the Single Touch Payroll (STP) reporting requirements so they apply to all employers.
The expectation is that all businesses, that have the capability or no real impediment to reporting (e.g. no internet access), will report their employee payroll obligations electronically as at 1 July 2 read more...
by Jo Irwin - Customer Bookkeeping Officer | Oct 22, 2018 | News
Did you start your business because you love maintaining financial records - or because you are passionate about what you are talented in??
Most small business owners dream of a successful business but many are not prepared for the bookkeeping, financial and tax obligations that come with running a business.
Let EnVision Partners take these pressures away from you and let you do what you doread more...
by Shannon Tunks - Tax & Business Advisory Accountant | Oct 15, 2018 | News
There is nothing worse than going to complete your tax return, expecting a refund, only to find out you have a bill and a large one at that! And through no fault of your own, well…. you think.
There are actually a number of reasons why you may end up with a tax liability, and while you may think your employer is at fault (and in some instances they may be), there are a number of thingread more...
by Angela Marsden - Tax & Business Advisory Manager | Oct 9, 2018 | News
Did you know that as at 30 June 2018 there was $2.7 trillion in superannuation assets in Australia? So what? Well a portion of this balance is YOUR super.
So many people receive their Super Annual Statement each year, take a quick look and throw it in the 'filing' bin. Super is often misinterpreted as being an investment which can't be touched until you retire. Super is not an investment, rather a stread more...
by Shannon Tunks - Tax & Business Advisory Accountant | Sep 18, 2018 | News
As the typical rush kicks in for everyone to get their tax returns lodged and their refunds back as quickly as possible, the ATO has profiled the five most common mistakes that are most likely to cause tax time troubles.
The ATO has identified that taxpayer’s are regularly:
by Tim Seng - Tax & Business Advisory Accountant | Aug 30, 2018 | News
It's 2018, the world we live in has certainly changed from the likes of 20 years ago - especially the way we do business. With the evolution of technology and automation, customers like yourselves have adopted a new way in how you approach sourcing information. Platforms like Google and mobile technology, allows you to have an encyclopaedia at the touch of your finger tips.
What does this mearead more...
by Angela Marsden - Tax & Business Advisory Manager | Aug 29, 2018 | News
Single Touch Payroll (STP) commences on 1 July 2019 for all employers. Even if you employ just one employee (including yourself) you are obligated to move across to this new government reporting system.
You may have heard of STP, however, you may not be aware of the impact that non-compliance may have on your ability to claim a deduction for wages.
Originally announced as part of the federal budgeread more...
by Knowledge Shop | Aug 14, 2018 | News
The Australian Taxation Office is closely examining work-related clothing and laundry expense claims of taxpayers submitting their 2017-18 tax returns.
The ATO says that clothing claims are up nearly 20% over the last five years with people either making mistakes or deliberately over-claiming. Common mistakes include people claiming ineligible clothing, claiming for something without having spentread more...
by Esther Cirson - Tax & Business Advisory Accountant | Aug 7, 2018 | News
With the increasing number of scams each day, you need to become more vigilant about the emails, text messages &/or phone calls you may receive from external parties. These scams are being used to try to steal your personal data and/or money.
Just last week I personally received a phone call, allegedly from the “ATO”, claiming that there was a warrant out for my arrest due to uread more...
by Tim Seng, Tax & Business Advisory Accountant | Jul 10, 2018 | News
30 June has rolled by again, which means its time to get your 2017-18 tax returns completed. As you may be aware, the ATO are really cracking down on work related deductions. This crackdown isn’t something that will go away; the ATO will be holding firm on their hit lists and running a fine tooth comb through your deductions. This will not only apply to 2017-18, but for all futurread more...
by Tim Seng, Tax & Business Advisory Accountant | Jun 18, 2018 | News
The end of financial year is fast approaching. Now is a great time to prioritise preparing your 2017-18 tax return information. Getting ready now, ensures you have time to focus on the new financial year.
If you are a salary and wage earner, here are some tips to prepare:
by Stace Rummenie | Jun 4, 2018 | News
Australians were estimated to have been scammed out of $340 million last year, an amount that is growing significantly every year as scammers get better at what they do and utilise more sophisticated technology to assist them with the process.
Scams Awareness Week has just passed and this is a timely reminder on how to protect yourself. This is a particularly useful page containing informatiread more...
by Matthew Burke, Business and Tax Advisor | May 31, 2018 | News
Try to imagine a sudden tragedy in your family.
Imagine you are a husband who has relied on your wife’s financial management skills your entire working life. She has taken care of planning and managing the family since you first married and you have come to rely heavily on her. Perhaps she has been diagnosed with a terminal illness or had a major car accident and you now need to step iread more...
by Matthew Burke, Business and Tax Advisor | May 23, 2018 | News
Armed with an additional $130m of funding from the Federal budget, the Australian Taxation Office (ATO), from 1 July 2018 will be increasing their compliance activities targeting individual taxpayers.
The ATO are making it very clear that they will be closely examining claims for wread more...
by Jenelle Olm | May 29, 2017 | News
Farm Management Grants are now available to assist eligible Queensland primary producers or their relatives with succession planning advice.
As succession/transition planning experts, EnVision Partners is a regular witness to the negative impacts that commencing a succession planning review and strategy has when implemented too laread more...
by Jenelle Olm | Apr 10, 2017 | News
After a lot of political horse trading, the “Temporary Working Holidaymakers” Tax (the “Backpacker Tax”) has finally been implemented, taking effect from 1st January 2017. read more...
by ESS Biztools | Apr 27, 2016 | News
Coming into the new Financial year, there are a number of changes that businesses should be aware of:
Small Business Restructure Rollover
From 1st July 2016, the Federal government has passed the Small Business Restructure Rollover. This rollover allows a small business to change structures and defer all gains or losses on Capital Gains Tax (CGT) assets, trading stock, revenue assets and de read more...