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Recent developments

26 Jul 2017

There are changes to super and BAS reporting and tax concessions that you should know about: Super – Do you have an SMSF or are you planning to retire? From 1 July 2017 there are changes to superannuation Less reporting – From 1 July 2017 small businesses with a turnover of less than $10 million GST will have […]
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Employer super quick check

15 Jul 2017

Paying super is an important part of being an employer. Here’s how to run a quick check of your super obligations to make sure you’ve got everything sorted. Check you’re paying super to all eligible workers. Some contractors may be entitled to super. Check that you’re paying the right amount. Currently, you need to pay […]
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Applying the $20,000 instant asset write-off?

13 Jul 2017

This tax time, small businesses with a turnover of less than $10 million can write off assets costing less than $20,000 each in their 2016-17 return. All simplified deprecation rules will apply to assets when choosing this method. To use simplified depreciation rules correctly you must: write off eligible assets costing less than $20,000 each pool […]
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ATO: Don’t take your tax return for a ride

10 Jul 2017

Tax time is coming and the Australian Taxation Office (ATO) wants people involved in ride-sourcing to make sure they understand their tax obligations. Assistant Commissioner Tom Wheeler said that drivers in the sharing economy should be aware that anything they earn is assessable income that needs to be included in their tax return. “It pays […]
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Griffin & Associates

79 Denham St, Townsville City QLD 4810

Phone 07 4772 6588

Chartered Accountants