Latest news
Most employers are now required to report your pay, tax and super information direct to the ATO each payday.
Take the stress out of preparing your income tax return and contact ASG Tax Agents Mornington to arrange an appointment.
Take advantage of small business concessions before June 30
Instant asset write off extended and threshold increased
Single Touch Payroll now a requirement for all employers, contact ASG Accounting Mornington - Tax Agent Mornington to discuss your payroll solutions.
Operating a courier or cleaning business - you may need to lodge a Taxable Payments Annual Report
The government has reduced the income tax rate to 27.5 per cent for small business and base rate entities.
The ATO recently announced its latest figures on lost and unclaimed superannuation accounts
Have you paid any subcontractors - you may need to lodge a Taxable Payments Annual Report
Government changes to investment property deductions
Employing new staff -TFN declaration forms can now be downloaded from ATO
If you take an item of trading stock for your private use, remember to include its value in your assessable business income.