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Hornsby Accountants, Tax Agents, Business Advice and Consultants
We provide exceptional service in a timely and efficient manner.
Our firm is located in Hornsby in Sydney but we have clients all throughout Australia.
We are large enough to offer the full range of accounting and taxation solutions, yet small enough to offer a friendly, hassle-free, tailored service.
Hornsby Based Accountants, Business Tax Agents and Consultants
ATO warns small businesses of tougher enforcement for late taxesSmall businesses have come under fire for late and non-tax payments by the Australian Tax Office (ATO). During an address by the ATO deputy commissioner Vivek Chaudhary, he noted that payment culture, once prompt and successful, has swayed since the pandemic with many small businesses accumulating tax debts. The ATO will return to business-as-usual when collecting overdue debt to reset expectations of cancelling or lowering penalties. The ATO will focus on five areas: * Unpaid superannuation payments Tags: #Hornsby Accountant#Hornsby Tax#Hornby Business Posted: Sep 2023 |
Payment Times Reporting Scheme to undergo reformSmall businesses are vulnerable to late payments. To address this, the federal government has released a new review of the Payment Times Reporting Act 2020. The review highlights how faster payments can reduce financial burdens for small businesses and, as a result, support higher wages and profits. This has a direct impact on the economy by increasing employment and economic opportunities. Tags: #Hornsbt tax#Hornsby business#Hornsby Accountant Posted: Sep 2023 |
ATO cracks down on rental property tax mistakesNine out of ten rental property owners are getting their tax returns wrong. This is according to the Australian Taxation Office (ATO) which has issued a warning to landlords to take care when submitting their tax returns. According to the ATO, around 87% of landlords use a tax agent, so it is important you provide your agent with accurate and up-to-date information. The ATO has reminded landlords that rental income must be included in the year the tenant pays, not the year the agent handed the money over. Tags: Hornsby Tax Accountant, Hornsby Business Accountant Posted: Sep 2023 |
Inflation falls to 4.9%In good news for businesses, inflation is continuing to decline – and, in some cases, prices are actually going backwards. The annual inflation rate fell to 4.9% in July, compared to 5.4% in June and 8.4% in December (see graph), according to the Australian Bureau of Statistics. That means prices throughout the economy as a whole are continuing to increase, but at a decreasing rate. Tags: Hornsby Tax Accountant, Hornsby Business Accountant Posted: Sep 2023 |