News & Articles

Whether you’re looking to stay ahead of tax updates, seeking strategic advice to propel your business forward, or exploring financial best practices for your investment property, our curated content is designed to empower and inform. Dive into our comprehensive collection of articles and equip yourself with the knowledge to navigate the financial landscape with confidence.

JobKeeper Extension: What this means to business and employees

JobKeeper extension has been announced by the government. Payment for JobKeeper is now extended until 28 March 2021 for businesses and not-for-profit organisations severely affected by the COVID-19 pandemic. The payment extension, however, will be reduced and paid at...

New Property Investment Benefits

The BMT Tax Depreciation 2019 investor survey revealed that 63 per cent of investors prefer to invest in second-hand property. While second-hand properties are a valuable and more affordable investment, it’s important to consider the additional benefits of buying...

Appreciate the Benefits of Claiming Property Depreciation

Did you know that property depreciation is the second biggest tax deduction for investors, after interest? Despite this fact, 80 per cent of property investors are failing to take advantage of property depreciation and are therefore missing out on thousands of dollars...

ATO Employer Reminder – STP Data Needs to Be Finalized for 2020

A reminder has been issued by the ATO to employers reporting through STP (Single Touch Payroll). That applies to just about every employer, assuming that deferral or exemption isn’t involved. Employers need to have payroll information finalized for the income year of...

Tax Depreciation and Covid-19 Reports – Will Physical Inspections Be Required?

Businesses and property investors will sometimes hire a professional quantity surveyor, who will put together an updated tax depreciation report. This will provide depreciation and capital works deductions for revenue-producing properties they own. These places may...

JobKeeper Reporting Guidance Via STP

Guidance is available from the ATO if employers require assistance reporting qualified employees and/or topping-up JobKeeper payments through STP (Single Touch Payroll). Employers need to inform the ATO for every employee that qualifies: when a qualified employee...

Free Download: 2021 Financial Year Tax Calendar

Need a Tax Calendar to help you keep track of tax deadlines and meet other tax compliance obligations for the next Financial Year? Get your FREE Tax Calendar for 2021 Financial Year here! This Tax Calendar highlights important dates that are applicable for the...

Income Tax Return Assistance

Preparation and lodgement of Income Tax Returns and Financial Statements take some form of urgency with the conclusion of the Financial Year. To help assist you with gathering the necessary documents and information, we have created a tailored checklist for your...

3 Smart Ways To Manage Personal and Business Cash Flow

Managing your personal or business cash flow is the cornerstone of any financial plan. Even without COVID-19, poor cash flow management can lead to expensive failure not just in business but also in your personal wealth creation journey. Now that we’re all facing...

ASIC Company Fees From 1 July 2020

Each year, ASIC Company Fees, consistent with the value of Consumer Price Index (CPI), increase effective 1 July. This year, the ASIC has advised of the increase. Below is the comparison of current ASIC Company Fees and the fees that will apply from 1 July 2020. ASIC...

Fringe Benefits Tax Exemptions

Fringe Benefits Tax exemptions are now available for Australian businesses affected by the COVID-19 pandemic. To provide certainty and relief to businesses at this time of pandemic, the Australian Taxation Office (ATO) has introduced various tax measures, and of these...

Superannuation Guarantee Amnesty, Act now! | Chan & Naylor

Have you applied for the Superannuation Guarantee Amnesty yet? Australian employers only have until 7 September 2020 to disclose, lodge, and pay to the Australian Taxation Office (ATO) unpaid superannuation guarantee or they’ll face penalties for their shortfalls. So...