tax Archives - Salisbury Accountants

Getting employees on board for the holiday rush?

December 7, 2022/in Payroll /by Salisbury Accountants & Business Advisors

Hiring additional employees to help with surging end-of-year demand?

The New employment form, accessed through ATO online services, will help reduce your administration.

It’s an easy way for your employees to provide you and us with the information the ATO needs. If your new employee has a myGov account linked to the ATO, once signed in they […]

There’s beauty in the simplicity of running your own business, if you have the right start

December 1, 2022/in Case Studies & Feature Business Articles /by Salisbury Accountants & Business Advisors

Slides Coffee Bar is the hottest spot to grab a brew or a bite when you’re wintering in Falls Creek

With a mouth-watering array of delectable local and homemade fare plus warm, friendly service, Slides has become the go-to for families and the après ski crowd.

Slides founder, owner and perennial skier Jules Mitas has […]

Accounting as a Driver of Good Business Decisions

November 28, 2022/in Business Advice /by Salisbury Accountants & Business Advisors

5 Ways an Accounting Function Should Create Business Value

Business leaders rely on the accounting function for a variety of purposes. One of these is compliance, but leaders should have much higher expectations of their accounting function.

Let’s look at how a multiskilled accounting function can provide critical support to enable the best outcomes.

Objective […]

Tax-smart tips for crypto asset investments

September 26, 2022/in Tax Planning /by Salisbury Accountants & Business Advisors

You may need to include a capital gain or capital loss in your income tax return

If you exchange crypto assets (crypto) for goods, cash or other crypto assets then this is normally considered a disposal for the purposes of capital gains tax.

Make tax time easier by remembering these 3 tips: Disposal of crypto assets […]

Choosing your business structure

September 12, 2022/in Business Advice /by Salisbury Accountants & Business Advisors

Choosing the best structure for your business can be difficult

There are numerous options, each with its own set of benefits and drawbacks

There are four commonly used business structures in Australia:

Sole trader Partnership Company Trust

It’s important to understand the responsibilities of each structure because the structure […]

Digital and Skills Tax Boost for Small Businesses

May 9, 2022/in Business Advice /by Salisbury Accountants & Business Advisors

Support for small businesses going digital and upskilling their employees

The Government is delivering $1.6 billion in tax relief

As part of the plan for a strong economy and a stronger future, the Technology Investment Boost will increase digital uptake while the Skills and Training Boost will help small business attract, retain and upskill staff.

[…]

Fuel tax credit latest rates

February 21, 2022/in Bookkeeping /by Salisbury Accountants & Business Advisors

From 1 July 2021 to 30 June 2022

The ATO’s fuel tax credit calculator includes the latest rates

You can use it to work out the fuel tax credit amount to report on your business activity statement (BAS).

The following tables contain the fuel tax credit rates for businesses from 1 July 2021 to 30 June […]

Positive business experience thanks to Salisburys

October 27, 2021/in Case Studies & Feature Business Articles /by Salisbury Accountants & Business Advisors

Craig and Kathy Hogan speak with Salisburys

Cricket coach Craig Hogan and wife, Kathy, are the first to admit that they’ve always liked trying new and different things throughout their careers.

So when a guesthouse in Bright VIC came onto the market for sale, being overseas did not phase them.

Instead, they saw the potential […]

Tax-free treatment of COVID-19 grants to be extended

July 9, 2021/in Grants, Tax Planning /by Salisbury Accountants & Business Advisors

Tax treatment of COVID-19 grants

State and territory grants issued to small businesses in response to COVID-19 will continue to be tax-free under a new bill introduced into Parliament.

Treasury Laws Amendment (COVID-19 Economic Response) Bill 2021 has now been introduced into Parliament, extending the application of the non-assessable non-exempt income status to eligible business support […]

Taxable payments annual report (TPAR)

May 10, 2021/in Accounting /by Salisbury Accountants & Business Advisors

It’s not just businesses that pay contractors in the building and construction industry that need to lodge a TPAR

The ATO’s taxable payments reporting system (TPRS) is a black economy measure designed to assist the ATO identify contractors who don’t report or under-report their income.

The ATO estimates that around 280,000 businesses need to lodge […]

Posts

Hiring additional employees to help with surging end-of-year demand?

The New employment form, accessed through ATO online services, will help reduce your administration.

Slides Coffee Bar is the hottest spot to grab a brew or a bite when you’re wintering in Falls Creek

With a mouth-watering array of delectable local and homemade fare plus warm, friendly service, Slides has become the go-to for families and the après ski crowd.

5 Ways an Accounting Function Should Create Business Value

Business leaders rely on the accounting function for a variety of purposes. One of these is compliance, but leaders should have much higher expectations of their accounting function.

You may need to include a capital gain or capital loss in your income tax return

If you exchange crypto assets (crypto) for goods, cash or other crypto assets then this is normally considered a disposal for the purposes of capital gains tax.

Choosing the best structure for your business can be difficult

There are numerous options, each with its own set of benefits and drawbacks

Support for small businesses going digital and upskilling their employees

The Government is delivering $1.6 billion in tax relief

From 1 July 2021 to 30 June 2022

The ATO’s fuel tax credit calculator includes the latest rates

Craig and Kathy Hogan speak with Salisburys

Cricket coach Craig Hogan and wife, Kathy, are the first to admit that they’ve always liked trying new and different things throughout their careers.

Tax treatment of COVID-19 grants

State and territory grants issued to small businesses in response to COVID-19 will continue to be tax-free under a new bill introduced into Parliament.

It’s not just businesses that pay contractors in the building and construction industry that need to lodge a TPAR

The ATO’s taxable payments reporting system (TPRS) is a black economy measure designed to assist the ATO identify contractors who don’t report or under-report their income.