Xero has evolved from being just a bookkeeping software to a small business platform. Cloud accounting has certainly changed the market and the small business economy, helping businesses become more efficient and friction less in how they work. Xero allows them …
ReadThe Australian Taxation Office (ATO) is planning to closely watch the landlords with holiday homes and catch those who cheat and unfairly claim tax deductions to fund their holidays. According to Chan & Naylor Accountants Pymble, these holiday …
ReadIt’s a busy time of the year but it’s important to be ready for tax time to ensure the smooth lodgment of your tax returns. You will receive the usual tax information from us including checklists. One of …
ReadWhilst establishing your SMSFs with individuals acting as trustees may save a few dollars in the short term, the benefits of registering a corporate trustee for your new SMSF can far outweigh the short term savings. Reason 1 …
ReadWith tax time fast approaching, here are six questions your clients should be asking to ensure they’re getting the most from their investment property. What are some common deductions I’m entitled to as a property investor? As a …
ReadStarting 1st of July 2018, plenty of SMSFs have a new reporting obligation, apart from their annual return. ATO has introduced this reporting obligation to complement the Transfer Balance Cap and Event-based Reporting Framework. To know more about …
ReadChan & Naylor are excited to announce its Financial Year 2017 New Client winner, Tilo Grieco, a client of the Pymble office, and Referral Program winner, Daniel Fedczyna, a client of the Sydney CBD. Grieco and Fedczyna will …
ReadMany are hopeful that the next interest rate will go down but there seems to be a lot of confidence that it will move up soon because of recent international and U.S. events. However, Chan & Naylor Tax …
ReadFrom the 1st of July, employers with 20 or more employees will be required to report to the ATO all payments such as salaries, wages and Pay as you Go withholding and superannuation from payroll solution each time …
ReadFrom the perspective of somebody who sells businesses every day, three little words are responsible for more businesses NOT selling than anything else: “It’s got potential” Though buyers look for potential, they hardly ever pay for it. ‘Potential’ …
ReadAccording to Corelogic, house prices for eight capital cities have declined by 0.2% in May, following a 0.3% decline in April because of the softening Sydney and Melbourne prices. In 2017, the eight capital city hedonic index was …
ReadAccountants Daily and Thomson Reuters Tax and Accounting have announced the winners for the 2018 Australian Accounting Awards. A total of 29 firms and individuals won the coveted Australian Accounting Awards at a gala evening in Sydney on …
ReadParents often want to help their children enter the property market. Some even consider giving one of their properties to their children. However, doing this has several implications and parents must choose the right strategy for them. Chan …
ReadHouse prices have substantially increased in recent years but housing costs haven’t really shifted in over two decades. Costs and disposable income for housing remain the same at 17% since 1993. Judging housing affordability just by looking at …
ReadAs the financial year comes to an end, it’s that time when many Australians complete their tax returns, check their mortgage statements and realise that the banks are ripping them off. Your accountant will be surprised if he …
ReadAccording to a new study, Australians have become more receptive to banking alternatives and that 1 in 3 people consider switching their banking institution because of the Banking Royal Commission. 8% have changed their provider and 17% consider …
ReadIt’s a city that boasts a backdrop of famous beaches and historic charm, however, Geelong offers much more than a pretty face. Namely, the key ingredients required for successful property investment. Here’s why. In the past, Geelong was …
ReadYou might pay a certain price for a Commercial property … but that doesn’t necessarily determine its ultimate value. Because, you can quickly add value with some simple techniques. Anyway, by watching this short video, you can quickly …
ReadStarting 2nd of July, 2018, the Child Care Rebate and Child Care Benefit will be abolished and replaced with a single payment called the Child Care Subsidy. Chan & Naylor accounting firm talks about it in detail. The …
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