Magdalene ChongJun 72 minATO warns of DPNsIt has come to our attention that the ATO is warning tens of thousands of directors to take action on company tax debts or face the risk...
Magdalene ChongJun 63 minCan I claim a tax deduction for my gym membership?There are lots of reasons to keep fit but very few of them have to do with how we earn our income. As a result, a tax deduction for a gym...
Magdalene ChongMay 313 minThe 120% deduction for skills training and technology costsIt’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will...
Magdalene ChongMar 311 minThe Importance of Trust Account AuditTrust account is a special type of bank account. It is where money is held by the agent, including any staff of the agency's, on behalf...
Magdalene ChongJan 143 minWays to Identify & Prevent Trust Account Theft It is very crucial act to protect your agency’s trust account from fraud, as clients’ have put their trust in your agency to hold their...
Magdalene ChongNov 29, 20211 minSMSF COVID-19 Audit Relief ExtendedThe COVID-19 relief for SMSF trustees has been extended by the ATO. The relief measures, which protect trustees from COVID-19 related...
Magdalene ChongNov 14, 20212 minHow to deal with Unclaimed Money in your Trust Account?Have you ever been troubled by unknown funds that have been staying in your trust account for a long period of time and do not know how...
Magdalene ChongNov 2, 20211 minTrust Account Theft VICAfter being convicted of trust account violations, a former real estate agent received a two-year Community Corrections Order and must do...
Magdalene ChongOct 27, 20211 minRecruiting new employees? The 1 November superannuation rule changesWhen a new employee joins your company, the Choice of Fund form is used to choose where they want their superannuation to go. If an...
Magdalene ChongOct 18, 20213 minUnderstanding Your Trust AccountWhat comes to mind when you consider your trust account? Is your blood pressure rising as you tremble in your shoes? If that's the case,...
Magdalene ChongOct 13, 20212 minAre COVID-19 Grants and Funding Tax Free?The majority of people believe that money granted by the government to help people and businesses during a crisis is tax-free. Otherwise,...
Magdalene ChongOct 6, 20216 minUnwinding COVID-19 ReliefCOVID-19 support will roll back as states and territories reach vaccination targets. The National Plan, the road map out of COVID-19,...
Magdalene ChongOct 4, 20211 minReconfirm JobSaver EligibilityHere is a reminder to reconfirm eligibility for your next JobSaver payment for 13-26 September. The process is easy and only takes a...
Gabriel WeeAug 10, 20212 minTrust Account Audit Requirements for Estate Agents and Conveyancers during COVID 19Consumer Affairs Victoria is offering extensions of time to help licensed real estate agents and conveyancers affected by COVIDSafe...
Gabriel WeeAug 10, 20211 minTrust Account Audit Lodgement Deadlines NSWThe audits for the year ending 30 June 2021 need to be lodged with Fair Trading by 31 December 2021. This is an extension on the normal...