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North Advisory Accountancy Blog

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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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Can Your Accountant Also Be Your Financial Planner?

Posted April 28, 2017 by North Advisory

Choosing a financial planner is probably one of the most important financial decisions you will ever make… …and if you make the wrong choice it…

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Capital Gains Tax Relief – Start Planning Now

Posted April 11, 2017 by North Advisory

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which provides CGT relief for…

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Assistance for unincorporated small business

Posted April 11, 2017 by North Advisory

The following changes affecting small businesses have been recently passed by the federal government in principle and is currently waiting royal assent: • The company…

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Changes to Transfer Pricing Documentation Requirements

Posted March 29, 2017 by North Advisory

Documentation requirements Timing Businesses are now required to have the transfer-pricing documentation prepared before the time the entity lodges its income tax return for the…

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Healthcare practitioners and lump sum receipts

Posted March 28, 2017 by North Advisory

Recently, the ATO have released a document which provides clarity on upfront incentive payments made by healthcare centre operators to entice practitioners to operate in…

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