by Peter McCarthy | Oct 8, 2019 | Taxation
Before the last election, the Federal government promised a series of tax cuts and economic stimulus measures. One of these was an offset to benefit Low to Middle-Income earners. This new offset called the “Low and Middle Income Tax Offset” is now law....
by Peter McCarthy | Oct 5, 2019 | Accounting
It can be frustrating having to wait for your tax refund. Especially so when you are super organised and get in to see us quickly. However, it is important to note that sometimes there are delays at the Australian Taxation Office, especially in peak Tax Season. So,...
by Peter McCarthy | Oct 1, 2019 | Taxation
There can be varied sources for some of the myths about tax deductions —pub-talk, BBQ-banter, your hairdresser, the guy at work, what your Uber driver’s girlfriend’s mother said. We sort out fact v fiction. At the start of this year’s tax season, we saw...
by Peter McCarthy | Jul 4, 2019 | Accounting
There’s recently been a big tax law change that may reduce the tax deductions for many businesses across Australia. This may happen if you: Don’t lodge your BAS’s on time; or Don’t lodge your payroll each week using Single Touch Payroll (STP); or Don’t properly...
by Peter McCarthy | Jun 27, 2019 | Accounting, Staff
It’s awards season in Lake Macquarie The middle of the year brings with it many changes. Shorter days, colder nights and the promise of being beach body ready for Summer, even though I accept that this is never going to happen for me. For Team Precision, the...
