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North Advisory Accountancy Blog

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Simpler BAS reporting from 1 July 2017

Posted May 30, 2017 by North Advisory

From 1 July 2017, Simpler BAS will be the default GST reporting method for small businesses with a GST turnover of less than $10 million….

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Tax Time 2017 ATO Service Commitments

Posted May 30, 2017 by North Advisory

The ATO have announced their service standard commitments for the upcoming 2017 tax year. Tax returns The ATO will aim to finalise the majority of…

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Extension of instant asset write-off Bill introduced

Posted May 26, 2017 by North Advisory

The Treasury Laws Amendment (Accelerated Depreciation For Small Business Entities) Bill 2017 has been introduced into parliament. The Bill amends the accelerated depreciation rules for…

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Superannuation year end planning for the 2016/17 financial year

Posted May 25, 2017 by North Advisory

The end of the financial year always seems to crop up faster than it should. Given the impending July 2017 superannuation changes, being on top…

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Couriers and cleaners to report contractor payments

Posted May 17, 2017 by North Advisory

Recently the Federal Budget included new strict reporting requirements for payments to contractors in the courier and cleaning industries with effect from 1 July 2018….

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Travel deductions for rental properties removed

Posted May 17, 2017 by North Advisory

Deductions for travelling to a residential rental property will no longer be allowable for individuals after 1 July 2017. This removal is for individuals travelling…

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Extension of due date for lodgment of SMSF returns

Posted May 12, 2017 by North Advisory

The ATO has announced that it will extend the due date of lodgment of self-managed superannuation fund (SMSF) annual returns for 2015/16 to 30 June…

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2017-18 Federal Budget Highlights

Posted May 10, 2017 by North Advisory

The Federal Treasurer, Mr Scott Morrison, has handed down his second Budget (the government’s first of its three-year term) at 7.30 pm (AEST) on 9…

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Government delivers stability in 2017-18 Federal Budget

Posted May 10, 2017 by North Advisory

Stability and confidence for superannuation is the good news coming out of the 2017-18 Federal Budget. With SMSF members still working through the wide-reaching and…

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6 key differences between a contractor and an employee

Posted April 28, 2017 by North Advisory

Okay, so you’ve registered a company name and you’ve got your own ABN. Does this necessarily mean you’re now automatically a contractor? Well, not necessarily….

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