by Peter McCarthy | May 5, 2019 | Taxation
Who doesn’t love a good statistic? It’s even better when they are taxation statistics. Each year the Australian Tax Office publishes an annual report on taxation statistics that provide valuable information about the financial state of our country. The...
by Peter McCarthy | May 2, 2019 | Taxation
The budget’s boost to instant asset write-off is now law Federal Budget night announced an increase in the instant asset threshold, and also an extension of which businesses could access the measure. Now the Treasury Laws Amendment (Increasing and Extending the...
by Peter McCarthy | Apr 30, 2019 | Superannuation
At Precision, the issue of unpaid superannuation is an issue that we are very passionate about. We have covered this problem on many occasions and now there is another turn with the proposed SG Amnesty failing to pass into law. This failure of the Superannuation...
by Peter McCarthy | Apr 27, 2019 | Accounting
As most of us know, donations of $2 or more are deductible, and there is flexibility in the rules around donating to emergency relief bodies in that no receipt is required if giving less than $10 (so-called “bucket” donations). Who qualifies for tax-deductible...
by Peter McCarthy | Apr 20, 2019 | Taxation
Treasurer Josh Frydenberg’s first budget has lots of goodies with few “baddies”. This was to be expected with the next federal election only weeks away and the Coalition Government trying to make up ground in the polls. The Treasurer’s “wow” factor was a return to a...
