A consistent theme this tax time is overclaiming and under-reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect greater scrutiny where their claims are…
Are you considering buying a new asset for your business? Recently the Federal Government increased the instant asset write-off threshold to $30,000 and extended the initiative to 30 June 2020. So if you purchase a…
With the election out of the way and Labor’s more disruptive reforms defeated, market sentiment has clearly taken a turn for the better. Banks had the best week in over three years, up 8.1% the…
Earlier this week Treasurer of Victoria Tim Pallas handed down his State Budget which outlined investment in schools, hospitals, road and rail projects. The budget projects growing surpluses across the four-year estimates, even after a…
When it comes to research and development, we often think of technology and pharmaceutical companies. But many companies complete research and development activities, and they are often eligible for the Government’s research and development (R&D)…
Recently we caught up with Senior Manager and Accountant Kim Montgomery. Kim has worked in the accounting industry for many years and joined PPT in 2009, after the arrival of her first child. Kim tells…
Equity markets continue in an upward trend as expectations of rate cuts firm up following the weak Q1 inflation data. Economist Michael Knox explains why he believes there’s a case for two rate cuts this…
The Federal Budget announced a series of measures, some of which were legislated before the election was called. Extension and increase to the instant asset write-off The popular instant asset write-off for small business has…
In the 2017-18 financial year, more than 2.2 million Australians claimed over $47 billion in deductions and the Australian Taxation Office (ATO) thinks that is too much - one in ten is estimated to contain…
In business, you can waste significant amounts of time and money chasing overdue invoices. Not only does it hurt your cash flow, but it also increases stress levels and weighs on your wallet. Cloud-based accounting…
