Recent news
Learning from Home - COVID-19
The following resources are available for parents and students to utilise if you have the need, want or desire to have your children continue to learn at home, away from the classroom environment.
Courtesy Education Qld and Geoff Derry
Ready for Tax Time?
Whether you use a registered tax agent or lodge your own tax return, the ATO has a few tips to help you get ready for tax time 2018.
Courtesy ATO
Here are some tips to help get you ready to lodge your tax return:
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Gather and sort your business records now, including cash, online, EFTPOS, bank statements, credit or debit card transactions covering sales and other business income, and expenses you can claim as a business deduction such as staff wages, contractor expenses, operating expenses and business travel expenses
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If you changed your record keeping software during the year, check all your information has transferred over correctly
Concessions This Tax Time (2018/19)
There’s still time for you to take advantage of small business tax concessions before the end of the financial year.
Courtesy ATO
If you act before 30 June, you can make the most of some concessions, for example:
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Instant asset write-off
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Pre-paid expenses
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Do you need to do a stocktake?
There are so many concessions available for small business! Check out all of them on the ATO Concessions at a glance page, accessible below.
Tax Planning
Most taxpayers accept that paying tax provides community benefits, and they meet their tax obligations voluntarily
Courtesy ATO
In meeting this obligation, you also have the right to arrange your financial affairs to keep your tax to a minimum – this is often referred to as tax planning, or 'tax-effective' investing.
Tax planning is legitimate when you do it within the letter and the spirit of the law. However, a small percentage of taxpayers plan their tax affairs in a manner we consider is aggressive towards the tax system. These arrangements attract our scrutiny to determine whether or not they are within the law.
Water Consumption Spreadsheet
Had a bill shock with your water use?
Sample Spreadsheet
If you recently had a bill shock when your Rates Notice came, and your water use has pushed you over the allowance, then this spreadsheet could be the answer to getting on top of your water usage for the current financial year.
Click here to view the spreadsheet, download and use it to keep a record of the water used - it may save your wallet from hurt come next rates season!
The template has been updated to account for changes in methodology and rates in Charters Towers commencing 01 July 2018.
If you require different calculations, please contact me to discuss your requirements.
Tax withheld calculator
What is the tax withheld calculator?
Courtesy ATO
If you are an employer or another withholding payer, the tax withheld calculator helps you work out the tax you need to withhold from payments you make to employees and other workers.
To use the tax withheld calculator, you will need the information your employees or other workers supply in their:
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Tax file number declaration (NAT 3092)
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Withholding declaration (NAT 3093)
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Medicare levy variation declaration (NAT 0929).
ATO online newsroom to save small business time
ATO 11 August 2014
Small businesses just want to be told what they need to know and when they need to know it to ensure they get their tax and super right.
Paper activity statements to stop for electronic lodgers
ATO 13 August 2014
From 1 July 2014, if you or your registered agent lodges your activity statement via an electronic channel we'll stop sending paper activity statements. Instead, your next activity statements will become available in an electronic channel.
Fuel tax credits – making adjustments and correcting errors
ATO 08 August 2014
Explains how to change your claim for fuel tax credits on your business activity statement (BAS).