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 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 moreOur first webinar goes live this week. The webinar covers how and when to apply the instant asset write-off and how to treat assets that cost over $20,000.
Read moreAre you missing tax deductions? Dont leave your hard-earned money in the ATO’s pocket this year! Below are the most common missed tax deductions.
Read moreFrom time to time, employers may try to improve an employee’s engagement by offering them rewards and incentives that add value to the relationship. A fringe benefit is a non-cash benefit with a financial value that you offer to an employee on top of their salary. Any time you are providing this kind of incentive to an employee or their family, the business is liable to pay Fringe Benefits Tax.
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 info@semmensco.com.au or call us on 03 8320 0320