by Peter McCarthy | Jul 26, 2017 | Taxation
With Tax Time now here, did you know that you can deduct the cost of travel to see your accountant? This is good news! A recently released tax determination spells out the circumstances where a taxpayer can make a claim for the costs of travel they incur where the...
by Peter McCarthy | Jul 4, 2017 | Accounting, Technology
Welcome to the new financial year A new financial year is often seen as new start for many businesses. It is a time when new goals are set, a time when new ideas are considered and a time when the team is energised to begin again. Like other businesses, Team PTAM have...
by Peter McCarthy | Jun 27, 2017 | Taxation
With the 2017 Financial Year coming to an end we want you to be aware that if you use a trust, you need to complete your trust distribution resolutions before 30 June. Why? To avoid paying extra tax of up to 49% of Trust profits. Trustees who distribute income of a...
by Peter McCarthy | Jun 22, 2017 | Taxation
There is good news and there is bad news. This may sound like an odd rule, but claiming a deduction for interest borrowed to pay your tax debt is an allowable expense, as long as you are running a business. In 1990, the ATO was asked about the tax deductibility of...
by Kelly | Jun 15, 2017 | Technology
So as some of you know I love learning about new products and searching for better ways of doing things. Automating what I can and creating efficiencies where possible at every opportunity. Early last year Team PTAM started using Trello and still love and use it to...
