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.
Read moreTaking 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.
Read moreStocktake 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.
Read moreWe 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.
Read moreDo 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.
Read moreAre 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.
Read moreFrom 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.
Read moreSave 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.
Read moreIn order to avoid being flagged for an audit, below is a list of deductions an individual cant usually claim on your tax return.
Read moreMark 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 blogsDaniela 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 blogsFor any enquiries into our team or our services please contact Semmens & Co. via email at [email protected] or call us on 03 8320 0320