BUSINESS

Services for all types and sizes of business

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INDIVIDUAL

Services for the wage and salary earner

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PRIVATE INVESTOR

Services for the active investor

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Self Managed Super

Services for self managed super

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  • Protecting Your Business

    Many business owners don’t hesitate to insure physical assets such as motor vehicles, plant and quipment. However, they often overlook the importance of insuring themselves (and other key people in the business) in the event of illness, injury, disability or death. This can be a very risky oversight, as the long term absence or loss…

  • Fuel Tax Credit Rates for Business

    Fuel tax credit rates vary depending on when you acquire the fuel, what fuel you use and the activity you use it for. Fuel tax credit rates are indexed twice a year, in February and August, in line with the consumer price index (CPI). In line with the 6-monthly CPI inflation adjustments, fuel tax credit…

  • Simpler BAS

    If you are a new small business, you can start using the simpler BAS ahead of the full implementation date of 1 July 2017.   To start reporting GST using the simpler BAS, you need to have: Started your business and registered for GST on or after 19 January 2017, and An annual turnover of…

  • June 30th Superannuation Changes – We Are Here to Help!

    At Butler Chartered Accountants, we pride ourselves in being a leader in the provision of services to Self Managed Superannuation Funds (‘SMSFs’). We strive to be at the leading edge of strategy and developments in this industry. In the past few years we have invested heavily in upskilling our service and qualifications to ensure that…

  • Organising Your Business Day for Maximum Results

    Running a home business has so many working parts. It can be hard for new entrepreneurs to prioritise every task that needs to be done. In many cases, home business owners spend a lot of time doing things that don’t lead to fast and profitable results. Leslie Truex, a home business entrepreneur, offers suggestions to…

  • Claiming Mobile Phone, Internet and Home Phone Expenses

    The Australian Taxation Office has recently issued a fact sheet entitled “Claiming mobile phone, internet and home phone expenses”, which now generally requires many taxpayers making such claims to keep a 4-week diary. If you use your own phones or internet for work purposes, you may be able to claim a deduction if you paid…

  • ‘Tis the Season For Super Changes – We Are Here to Help

    At Butler Chartered Accountants, we pride ourselves in being a leader in the provision of services to Self Managed Superannuation Funds (‘SMSFs’). We strive to be at the leading edge of strategy and developments in this industry. In the past few years we have invested heavily in upskilling our service and qualifications to ensure that…

  • INDEPENDENT CONTRACTOR OR DEEMED EMPLOYEE

    The costs of getting it wrong Recent co-ordinated audit activity from the ATO, State revenue offices and workcover authorities have highlighted the importance of making the correct distinction between a legitimate contractor and a deemed employee. The costs of getting it wrong can be significant, particularly to small businesses. Often businesses are looking to reduce…

  • Deductability of Client Gifts

    Tax Determination 2016/14, effectively replaces ATO ID 2004/427 (now withdrawn), and confirms that a taxpayer carrying on business is generally entitled to a deduction for an outgoing incurred on a gift made to a former or current client, if the gift is characterised as being made for the purpose of producing future assessable income. However,…

  • Director’s Personal Liability for Unpaid Company Tax

    Hidden Dangers of Unpaid or Unreported PAYG withholding or SGC Charges If you are a director or are about to become a director of a company, you should make immediate inquiries to ascertain if there are any unpaid and unreported Pay As You Go (PAYG) withholding or Superannuation Guarantee Charge (SGC) amounts. Directors of a…

  • Personal Income Tax Relief

    Legislation was passed on 12 October 2016 which increases the middle tax bracket threshold from $80,000 to 87,000, retrospectively from 1 July 2016. The marginal tax rate of 37 percent now starts at $87,000 instead of $80,000. By pushing up the tax threshold on the middle tax bracket, average full-time wage earners will be kept…

  • ATO Tips for Tax Time

    INCLUDE ALL YOUR INCOME Declare all your cash and online sales in your tax return. Income may also include money you have earned from participating in the sharing economy such as renting out a room or driving passengers for a fare. DON’T MISS OUT ON DEDUCTIONS You can claim tax deductions for most costs you…