STP Reporting Delayed for Closely Held Employees
Closely held groups will be granted a one-year exemption from STP reporting but will be required to report something using one of three calculation methods.
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Measuring the Health of Your Business
Taking stock of the health of your business allows for more effective planning, early warning about issues and, the chance to better chart your course for success. We can help assess your business health, to set you on the right track.
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How You Might Reduce Tax By Doing A Stocktake
Stocktake can be a very rewarding process. The purpose is to provide you with valuable data to inform your assessable income and, insights to drive key decisions about the way you operate your business.
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Preparing for a Stocktake
We all appreciate that performing a stocktake can have an operational impact on your business – it takes up valuable time and resources – at a point in time when you least need the inconvenience – at end of financial year. However, accounting for stock correctly can be a bonus for your business.
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Essential Tasks at End of Financial Year
Do you find the end of financial year daunting? Follow our guide and you can be sure of a strong start to the new financial year.
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Maximize Your Business Tax Deductions for Overseas Travel
Are you holding back on important business travel, fearful of the cost of going overseas? With a legitimate purpose, the cost of your trip may reduce with tax exemptions.
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Business Tax Deductions That You Should Understand
From stolen property to guard dogs, there are hundreds of surprisingly claimable business tax deductions. Depending on your industry, here’s what you can claim, to keep your well-earned money in your pocket.
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Keep Your Tax Receipts and Deductions Organised
Save time and ensure you can claim all your out-of-pocket expenses by keeping your tax receipts and deductions organised – with the ATO’s myDeductions app.
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Tax Deductions That Are Not Allowed
In order to avoid being flagged for an audit, below is a list of deductions an individual cant usually claim on your tax return.
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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 blogsContact Us Today
For any enquiries into our team or our services please contact Semmens & Co. via email at info@semmensco.com.au or call us on 03 8320 0320
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