Posts in Accounting
AIRBNB & HOME SHARING: TAXING IMPLICATIONS

Do you rent out a part of your home, or a holiday home, on Airbnb, Stayz or another sharing site? Perhaps you see this as a way of making a little extra income to help the household budget or to save for that holiday. But what you may not be aware of are the long term tax implications of such a move, which may lead to a case of short-term gain causing long-term pain.

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Tax, AccountingBelinda Frazer
GET READY FOR E-AUDITS

Are you ready for e-Audits? The ATO is finally moving with the times and have started conducting e-Audits using computer assisted verification techniques. This process is said to be more efficient, accurate and thorough than traditional audits with the advantage of also minimising the time ATO spends on your business premises.

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Accounting, TaxBelinda Frazer
TAX SCAMS UPDATE: STAY SMART ONLINE AND OFFLINE

With the upcoming tax season upon us, scammers are prevalent again. We are sharing tips to protect yourself (and your friends and family) from scammers. Taxpayers need to be ever-vigilant about bogus calls, text messages and emails from scammers. Some scammers go to great lengths to deceive taxpayers, including impersonating government representatives on the phone, sending fraudulent emails and even creating fake websites.

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Tax, AccountingBelinda Frazer