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Archive | Mansfield Accountant
ATO Data Matching – don’t get caught out.
Posted on August 19, 2014
Make sure you include everything when you lodge anything to the ATO. The ATO data matching capabilities draws information from many sources such as financial institutions, PAYG summaries, tax returns, health insurance and so on to ensure you have included all the necessary and correct information. If they find the data doesn’t match, you will […]
New Point & Claim App available for Tax Clients
Posted on August 5, 2014
Simply download the Sage Point & Claim App from the Apple Store or Google Play. Select Red Hills Accounting & Business Solutions as your Tax Agent. When you are ready to do your tax, we can sync and access the information you have saved. The benefits to you: Never lose a receipt again Save time […]
The 2014 EOF has rolled on by, and now we embark on the 2014/15 financial year
Posted on July 7, 2014
Individuals, are you prepared for tax time? To ensure a fast and easy turnaround time, make sure you have all of your information ready for your tax agent, this includes: PAYG Summaries Income related to private business income Interest earned from your bank or financial institution Dividend statements Private health insurance details Receipts for any […]
Preparing your payroll requirements for end of financial year
Posted on June 27, 2014
Once you have completed your last pays for the end of the year, BACK UP! Its very important that you preform a back up of your payroll program BEFORE you go any further. Prepare PAYG Summarys (Group Certificates), these must be lodged with the Tax office before 14 August 2014. Update your Tax Tables in […]
Cut-off dates for Super Guarantee Payments
Posted on June 16, 2014
To ensure your 2014 super guarantee payments are recorded in the end of financial year members statements (30th June 2014) make sure the super contributions are paid on time. The cut –off time and dates are: EFT 5pm Monday 23 June Direct Debit 5pm Wednesday 25 June BPAY 5pm Wednesday 25 June Cheque 5pm Monday […]
8 tax changes for small businesses in 2014
Posted on June 6, 2014
We have provided you a link to a great article which highlights a few of the proposed changes which may affect you, as a result of the 13/14 Federal Budget: 1. Individual tax rate increase by 2% for those earning $180,000 + from 1 July 2014 2. Superannuation rates to increase to 9.5% from 1 […]
Tax Time…
Posted on May 28, 2014
It’s getting close to that time of year… Start preparing yourself now to make it easier at Tax time. Start collating any work related expenses you may have incurred during the year, If you have a motor vehicle log book – update it, If you have changed jobs, contact your old employer to ensure they […]
Eligible for a Refund From the Tax Office?
Posted on May 8, 2014
Some Helpful Tips To Speed Up Your Refund Payment… Sometimes there can be a few issues which delay the processing of refunds for individual or business returns or activity statements. To speed up the refund process, make sure you check the following: Keep your details updated (i.e. postal address, bank details, and authorised contacts list). […]
Compliant Record Keeping for your Private and Business Expenses
Posted on April 24, 2014
Check out this great video from Wayne Burgan, which explains how you can manage and record your business and personal expenses. Tip: Have Separate Accounts for Business and Private Expenses Keep All Your Receipts Use a Separate Credit Card for Your Business Understand What is a Business Expense and What isn’t Source: http://www.cashflow-manager.com.au/Blog/TabId/108/ArticleId/93/language/en-US/small-business-deadly-sin-5-not-separating-private-and-business-expenses.aspx