Mark Semmens

Posts by Mark Semmens:

Director ID – Apply from November 2021

Key Points: A director identification number (director ID) is a unique identifier you need to apply for once and will...

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Superannuation Contributions Increase Effective 01 July 2021

Key Points  The ATO has recently published the key superannuation rates and thresholds for the 2021–22 year. See below for...

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How to use inventory to maximise your tax benefits

Key Points: Writing off inventory involves removing the cost of ‘no-value’ inventory items from the accounting records.Unsold inventory is an...

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Superannuation Rates and Thresholds for 2021–22

Key Points  The ATO has recently published the key superannuation rates and thresholds for the 2021–22 year. See below for...

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STP Phase 2 Commences January 2022

Key Points Mandatory STP Phase 2 reporting commences in January 2022Government aims to reduce the reporting burden for employers who...

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STP Options for Closely Held Payees

Key Points Business owners can use the basic method to calculate fuel tax credits for diesel used in heavy vehicles,...

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Basic Method for Calculating Fuel Credits for Heavy Vehicles

Key Points Business owners can use the basic method to calculate fuel tax credits for diesel used in heavy vehicles,...

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ATO Tax Dodge Red Flag – Luxury Cars

Key Points The ATO plans to continue to seek out tax dodgers and black economy participants driving luxury cars until...

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Carry Back COVID Losses for a Refundable Tax Offset

Key Points Companies with an aggregated turnover of less than $5 billion can choose to ‘carry back’ tax losses made...

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JobMaker Hiring Credit Scheme Registrations Now Open

Key Points Registrations for the JobMaker Hiring Credit scheme are now openEligible employers can access $200 per week for each...

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Thoughts From Our Principals

Mark Semmens

Mark is a Chartered Accountant with a wealth of experience in accounting and taxation. Mark is a Member of Chartered Accountants Australia and New Zealand, the Tax Practitioners Board and the National Tax and Accountants Association.

Mark's blogs
Daniela Semmens

Daniela Semmens is a Co-Director of Semmens & Co. and joined the company as General Manager in 2017. Daniela is an Affiliate Member of Chartered Accountants Australia and New Zealand and also a Member of the Australian Institute of Project Management.

Daniela's blogs

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