The Federal Court has agreed with the ATO that a lecturer providing services to a higher education provider was a common law employee and therefore entitled to superannuation support, despite being engaged as an independent contractor.
Read More
Director Greg Mawer was asked to share some insights on tips to fight rising inflation and interest rates in this article for Yahoo Finance recently.
Read More
The ATO is focusing on four major concerns this tax season when it comes to rental properties.
Read More
The ATO has observed an increase in the number of SMSFs that fail to lodge their first annual return and become what the ATO refers to as ‘NEVER’ lodgers.
Read More
The ATO has updated the cents per kilometre rate relating to individual car expenses for the 2023 income year
Read More
The ATO announced that it will be focussing on the following matters for small business tax returns for the 2021/22 year
Read More
We are pleased to announce that Accumulate has been recognised as a finalist in the 2022 Australian Small Business Champion Awards.
We would like to thank all of our great clients for choosing to work with us to achieve your goals.
Read More
Director Greg Mawer recently wrote an article for Smart Company on the upcoming changes to individual tax rates and how business owners can take advantage of these changes.
Read More
The ATO has announced four key areas that it will be focusing on for Tax Time 2022.
Read More
Director Greg Mawer recently was asked to write an opinion piece for Smart Company on the governments proposal to use superannuation to fund first home purchases.
Read More
Director Greg Mawer recently was interviewed for an article for the Small Business Development Corporation on tax planning.
Read More
Director Greg Mawer recently was asked to write an article for Business Business Business on Setting Business and Personal Financial Goals..
Read More
Director Greg Mawer was asked to share some insights on tips to minimise tax liabilities in this article for Prospa recently.
Read More
Director Greg Mawer recently was asked to provide comment to the Australian Financial Review regarding the taxation implications of cryptocurrency.
Read More
Individuals can now re-contribute amounts they withdrew under the COVID-19 early release of super program without the re-contribution counting towards their non-concessional contributions cap.
Read More
The ATO has proposed for individual taxpayers that use the cents per kilometre method when calculating tax deductions for their work-related car expenses, that the rate per kilometre for the income year starting 1 July 2022 (the 2023 income year) will be 75 cents per kilometre.
Read More
2022-2023 Budget Measures that are now law
Read More
The ATO has advised it is in the process of shifting from its previous engagement and communication focus on Single Touch Payroll (‘STP’). In particular, it will begin a ‘failure to lodge penalty’ process for small business employers (i.e., those with 19 or fewer employers) who have yet to commence STP reporting.
Read More
As announced in the 2020/2021 Federal Budget, legislation has now passed to allow eligible corporate entities (i.e., with, amongst other things, an aggregated turnover of less than $5 billion) a 12-month extension to claim a loss carry-back tax offset in the 2023 income year.
Read More
Director Greg Mawer was asked to share some insights on things to consider before dipping into your personal savings in this article for Prospa recently.
Read More