It is becoming more common for Financial Intuitions and Mortgage Brokers to ask for an Accountants Letter to supplement documents for a home loan. You need to be aware of what an Accountant can sign before your Broker seeks this Avenue, it can cause great stress for both a client and the Accountant and can…
Author: Brett
Unpaid Super is always a problem for Business and Employees.
https://www.accountantsdaily.com.au/super/20671-tax-office-issues-8710-dpns-over-unpaid-super-in-2023-24 Tax Office issues 8,710 DPNs over unpaid super in 2023–24 Super The Tax Office finalised 23,600 super guarantee cases during the 2023–24 financial year, resulting in $659 million in super guarantee charge liabilities.
Financial Advice
The question is generally asked “Do I need a Financial Adviser” in short some people will but most won’t it depends on what you are after advise about. If you are need of Insurance type products Life, Income, TPD then you will generally need an advisor as this is a product. If you want someone…
Division 7A Loans
IN CASE YOU MISSED IT ATO extends Division 7A COVID-19 relief The Tax Office has extended relief for taxpayers who are unable to meet the minimum yearly repayments on Division 7A loans due to COVID-19. More >
First criminal conviction made under JobKeeper scheme | MyBusiness
The ATO has started to shift its focus back to compliance and ensuring that business has and will comply with the law. Source: First criminal conviction made under JobKeeper scheme | MyBusiness
Overclaimed work-related expenses sees agent disqualified | Accountants Daily
This is why as accountants we question what can be claimed and what evidence we are supplied with, it is not that we lack trust but we have a professional obligation to protect your interest. Source: Overclaimed work-related expenses sees agent disqualified | Accountants Daily
Coronavirus and Australian workplace laws – Website news – Fair Work Ombudsman
Even though you might be going through tough times in your business you still need to ensure that you comply with relevant work place laws. To assist you we recommend that you review your obligations for staff before reducing hours, laying off staff and have a plan in place to ensure the long term viability…
Support for Businesses | Treasury.gov.au
In response to client questions about the corona virus there is a lot of information being talked about, what am entitled to, how much will I get, how do I get this, do I have to apply. To assist clients we have shared this link, if you would like to know more about your options…
Economic Response to the Coronavirus | Treasury.gov.au
We are still open to assist you and your business. If you feel like you need assistance please contact us @info@bdmaccountants.com.au. Source: Economic Response to the Coronavirus | Treasury.gov.au
Federal Court rules on personal services income cases | Accountants Daily
Source: Federal Court rules on personal services income cases | Accountants Daily One of the most misunderstood areas of taxation, can you split income? can you pay your spouse? #PSI #PSB #ATO #Tax, #advice #accounting #business #audit