by Peter McCarthy | Jan 7, 2020 | Accounting
If you are in business, you need to know about the PPSR. There is a simple step that many business owners can take to manage better the risk that certain assets may bring. A few years ago, a new scheme was introduced, which also established a national register. This...
by Peter McCarthy | Dec 27, 2019 | Accounting, Staff
As I slowly wake from a food coma following the annual Christmas indulgence, I want to take this opportunity wish you a Merry Christmas and a safe and happy New Year. This time next week, the year will have ended, and it will be goodbye to the 2010s. So, I thought...
by Peter McCarthy | Oct 5, 2019 | Accounting
It can be frustrating having to wait for your tax refund. Especially so when you are super organised and get in to see us quickly. However, it is important to note that sometimes there are delays at the Australian Taxation Office, especially in peak Tax Season. So,...
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...
