by welsh-tax | Feb 9, 2024 | Accounting, Australian Taxation Office, Estate, Estate Planning, FBT, Scams, Superannuation, Taxation, Xero
Over my years as an accountant in public practice I have heard of cases of fraud with the ATO but never actually seen any first hand. That all changed in the last couple of month. I will detail the 2 situations below but for privacy have left out names and details. A...
by welsh-tax | Feb 8, 2024 | Accounting, Australian Taxation Office, Finance, Taxation, Xero
Effective from November 2023, the ATO implemented necessary measures to enhance the security, protect clients against fraud and identity theft, and better manage agent access to tax and super. You must nominate your agent. We can’t do this process for you, but we can...
by welsh-tax | Dec 20, 2023 | Accounting, Australian Taxation Office, Finance, Taxation
The Small Business Technology Investment Boost is a tax incentive program that provides small businesses with an aggregated annual turnover of less than $50 million and an additional 20% tax deduction to support their digital operations and digitize their operations....
by welsh-tax | Nov 29, 2023 | Accounting, Australian Taxation Office, Taxation
With recent interest rate rises and the cost of living on the increase we are witnessing the effect it is having on taxpayers. In our experience many taxpayers rely on tax refunds as forced savings to assist with covering the cost of living. Unfortunately, a blow to...
by welsh-tax | Jun 28, 2023 | Accounting, Australian Taxation Office, Taxation
To set up a MyGov account, you can follow these general steps: Visit the official MyGov website https://my.gov.au/en/create-account/. MyGov is a platform used by several countries, so make sure you’re on the correct website for your country. Look for the...
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