Year End in your Accounting File
It’s that time of year when everyone is talking about ‘Year End’. But what does that actually mean and what do you actually need to do in your accounting file to ensure you are ready for the new financial year? Basically, it’s time to complete some final checks and steps in your accounting file so […]
Super Caps & Rates Changing from 1 July 2024
From 1 July 2024 the maximum amount you can contribute to super is changing: Current Cap Cap from 1 July 2024 Concessional Contributions 27,500 30,000 Non Concessional Contributions 110,000 120,000 The Super Guarantee rate is also increasing from 11% to 11.5% – most software will update automatically but we do suggest that you check your […]
ATO Data Matching with Air Bnb, Uber and AirTasker
Do you earn income via an Electronic Distribution Platform (EDP) such as Air Bnb, Uber or AirTasker? From 1 July 2023 EDP’s relating to taxi travel, ride-sourcing and short-term accommodation started reporting ‘tax related information’ (e.g. income you have earned) to the ATO, with EDP’s relating to other industries starting from 1 July 2024. What […]