by Peter McCarthy | Oct 1, 2019 | Taxation
There can be varied sources for some of the myths about tax deductions —pub-talk, BBQ-banter, your hairdresser, the guy at work, what your Uber driver’s girlfriend’s mother said. We sort out fact v fiction. At the start of this year’s tax season, we saw...
by Peter McCarthy | Jul 4, 2019 | Accounting
There’s recently been a big tax law change that may reduce the tax deductions for many businesses across Australia. This may happen if you: Don’t lodge your BAS’s on time; or Don’t lodge your payroll each week using Single Touch Payroll (STP); or Don’t properly...
by Peter McCarthy | Jun 27, 2019 | Accounting, Staff
It’s awards season in Lake Macquarie The middle of the year brings with it many changes. Shorter days, colder nights and the promise of being beach body ready for Summer, even though I accept that this is never going to happen for me. For Team Precision, the...
by Peter McCarthy | Jun 9, 2019 | Accounting
The ATO says that it recognises that most trusts are used appropriately and for legitimate purposes. It says it will continue to help those who make genuine mistakes or are uncertain about how the law applies to their circumstances. But even so, the ATO has a number...
by Peter McCarthy | May 10, 2019 | Taxation
There is only a short time before the Federal Election on 18 May 2019, and there’s a lot of wild speculation and “fake news” in the media. We’re not trying to recommend whom you should vote for, but instead, we believe that it is vital that our clients understand how...
