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North Advisory Accountancy Blog

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Cabinet Makers – ATO Benchmarks

Posted August 26, 2016 by North Advisory

Continuing our review of ATO benchmarks, we review the performance benchmark rates for businesses in the cabinet makers industry. Businesses in this industry typically manufacture…

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Electrical services – ATO benchmarks

Posted August 22, 2016 by North Advisory

Benchmarks are one of the indicators that the ATO uses to identify businesses for review or audit. The ATO releases performance benchmark rates each year…

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Airport Lounge Memberships

Posted August 4, 2016 by North Advisory

Airport lounge memberships deductible A recent tax determination has confirmed that the annual membership fee for airport lounges is deductible if the membership holder has…

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The Re-Contribution Strategy is still Attractive

Posted July 28, 2016 by North Advisory

On the 3rd May 2016, the federal government announced an immediate cut to the non-concessional contribution limit. The cap is now a lifetime limit of…

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Superannuation Tax Lodgement and Payment Dates

Posted July 27, 2016 by North Advisory

The following dates highlight key superannuation related tax lodgement deadlines approaching in the next few months. The list of key dates is not comprehensive and…

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Teachers Tax Deduction Guide

Posted July 18, 2016 by North Advisory

Continuing our series on tax deductions for employees in specific industries, the following are common deductions for teachers. Car expenses • You can claim deductions…

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Nurses, Midwives and Direct Carers Tax Deduction Guide

Posted July 18, 2016 by North Advisory

It’s the start of the new financial year, which means that it’s a good time to review the common tax deductions for employees in specific…

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Getting your contributions in before 30th June 2016

Posted June 28, 2016 by North Advisory

If you’re wanting to make contributions into your SMSF you will need to act quickly to get these in before the 30th June 2016. This…

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Small Business CGT Concessions

Posted June 17, 2016 by North Advisory

If you are running a small business, pass the aggregated $2 million turnover test or pass the $6 million net asset value test, you may…

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Flaws in the new Superannuation Proposals

Posted June 17, 2016 by North Advisory

The link below provides a good insight as to what professional bodies are doing in regards to the proposed superannuation changes. In summary, four association…

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