Vacant residential land tax (VRLT) for Victorian homes from 1 January, 2025
The Victorian Government introduced vacant residential land tax (VRLT) on 1 January 2018 and the VRLT is assessed each calendar year. Please read on for important changes from 1 January 2025. Prior to 1 January 2025, VRLT applied only to vacant residential land in inner and middle Melbourne. From 1 January 2025, VRLT will expand […]
Are you tax-time ready in 2023?
Whether you’re getting organised for an individual tax return or a business tax return, the more preparation you do before heading in for an appointment with your accountant, the more time you’ll save and ultimately the better your tax return will be. Tax returns require you to have a handle on two essential things: money […]
Financial Wellbeing: How well is your household budget supporting your lifestyle needs?
The cost of living in general has changed considerably over the last twelve months and Australians are feeling more financially stressed than they have for some time. When the economy puts more pressure on people and it’s time to tighten the purse strings, having better control of your money has a significant impact on your […]
Medical and healthcare practice accounting services
Spend time with your patients and less on your paperwork with our help Medical and allied health practices are often juggling the balance of providing quality patient care while ensuring cash flow in the business is healthy, and that accounting documentation is compliant. Wouldn’t you prefer to spend more time taking care of your patients […]
Year-end Single Touch Payroll (STP) obligations
If you are reporting your payroll to the ATO through Single Touch Payroll (STP), you must complete the end of year by submitting an STP Finalisation event. For most employees, this is due by July 14. This step provides your employees with access to their payroll information so that they can complete their tax returns […]
How to apply for your Director’s ID – you have until November 30, 2022
All company directors must now have a director identification number (director ID) which is a unique identifier that you keep forever. The purpose of the director ID is to prevent the use of false or fraudulent director identities. Your director ID will remain your own even if you: change companies stop being a director change […]