by Karen McDonald | Jun 27, 2024 | Accounting & Tax, ATO
From 1 July 2024, the Australian Government’s updated individual income tax rates take effect, reflecting the Stage Three tax reforms. These changes aim to simplify the tax system and provide relief for a broad range of income earners. This page outlines the new tax...
by Karen McDonald | Dec 24, 2023 | Accounting & Tax, ATO
Step 1 – Get My Gov ID It is an absolute pain to set up MyGovID.  I hate it! Don’t start this process when you are short of time or a bit stressed – it just won’t work – I know first-hand! The replacement for AusKey is MyGovID.  It is a business level Government...
by Karen McDonald | Dec 24, 2023 | Accounting & Tax
The Australian Tax Office has change the process for a company or a trust to appoint a tax agent in Australia from 13 November 2023. I will describe the process here. Â Don’t for one minute think I like it because I don’t like it one bit! AÂ – Get My...
by Karen McDonald | Dec 24, 2023 | Accounting & Tax, ATO
From 5 April 2022, Directors of new companies must have a director’s ID before becoming the director of a company. A Director’s ID is a unique identifier that a director applies for once and keeps forever. This is to help prevent false and fraudulent director...
by Karen McDonald | Aug 7, 2023 | Accounting & Tax, ATO, Small Business
Introduction In recent times, we have noticed the Australian Taxation Office (ATO) has begun rigorously following up late or non-payments of superannuation. Â This has resulted in notices being generated for employers and fines being applied. This fact Sheet is to...
by Karen McDonald | Apr 10, 2023 | Accounting & Tax, Legal Practice Management, Legal Software, Office automation, Paperless Office
Why should you use a legal practice management software that talks to something like QuickBooks Online or Xero? There are FOUR significant reasons why this is a really good idea. 1 Payroll Payroll is constantly changing. By using a practice management system that...
