by Peter McCarthy | Nov 18, 2016 | Accounting
In 1789, Benjamin Franklin stated that “in this world nothing can be said to be certain, except death and taxes.” A leading thinker of his time, it is a shame he didn’t think harder about how we account for those taxes in our data files and financial reports. The...
by Peter McCarthy | Nov 17, 2016 | Accounting
Taken goods for private use? Here’s the latest values The ATO knows that many business owners naturally help themselves to their trading stock and use it for their own purposes. This common practice can occur in businesses such as butchers, bakers, corner stores,...
by Peter McCarthy | Nov 11, 2016 | Accounting
After eleven months of campaigning, the US has now voted and elected it’s 45th President, Donald Trump. The election of Donald Trump to the presidency creates a great deal of uncertainty over both the economic and policy outlook for the US. In the short term, the key...
by Peter McCarthy | Nov 10, 2016 | Accounting
The sun, the surf, the shopping! Australia has enough temptations on offer to keep the credit card running hot. But there’s no need to stress, because there is a little known scheme that might help take the bite out of the credit card bill. The Tourist Refund...
by Peter McCarthy | Nov 5, 2016 | Taxation
With the Spring Racing Carnival in full swing, it is the perfect time to look at how gambling is treated in Australia. In many countries, the good fortune of winning a hefty windfall from a lucky wager must come with a bittersweet tinge, as more often than not the...
