Many scams prey on people’s greed to entice them into handing over their cold hard cash in return for the promise of a pay day, but in a new twist, fraudsters are claiming to be the Australian Taxation Office (ATO) and using fear to manipulate people into payment of fake debt.

Following the Federal Governments recent budget announcement regarding the $20,000 immediate asset write-off, there has been a lot of interest in the details. In this post we address some of the more common queries.

From 1 July 2015 taxpayers will only have two methods available to calculate and claim their work-related car expenses – the cents per kilometre and log book methods. Additionally, the sliding scale of deductions available under the cents per kilometre method based on vehicle engine size will be removed and replaced by a flat rate for all vehicles. The change is expected to result in budget savings over the forward

We were fortunate earlier this week to witness the induction of our Principal, Lloyd Priddle, as a Fellow of Certified Practising Accounts (CPA) Australia. Founded in 1886, CPA Australia is one of the world’s largest accounting bodies, with more than 150,000 members across 121 countries. Core services to members include education, training, knowledge exchange, technical support, networking and advocacy. Only highly-experienced CPAs can become a Fellow of CPA Australia (FCPA), so

The National Tax and Accountants Association have prepared a video summary of tax changes from the budget handed down last night.