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Records to keep for tax time

Key Points: You may be asked to provide supporting documentation to verify the claims and deductions in your tax returnPlan...

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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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Working From Home Shortcut Method Extended…AGAIN!

Key Points: Government has extended the use of the ‘shortcut method’ again, in light of on-going COVID-19 lock downsExtended to...

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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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Business Conditions Surge in March 2021

Key Points NAB's monthly business survey for March 2021 reflects a rapid yet unexpected recovery, following record lows in early...

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Director ID Regime Takes Shape

Key Points The Government is introducing Director IDs, which forms part of the ATO’s Modernising Business Registers program.The ABRS, once...

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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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End of JobKeeper FAQs

Key Points The JobKeeper scheme’s comes to an end on the 28 March 2021 and we’ve compiled responses to your...

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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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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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For any enquiries into our team or our services please contact Semmens & Co. via email at [email protected] or call us on 03 8320 0320

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