AFS Tax update

Tax Update – November 2015

Unbundling phone and internet expense claims for work purposes

Individuals can claim deductions for mobile, home phone and internet expenses that have been incurred for work purposes, however, correct apportionment for work use is a key issue. Read more

AFS Tax update

Tax Update – October 2015

Payroll tax grouping – know the rules

For payroll tax purposes, businesses may be grouped with other businesses if there is a link between the companies. Businesses may be deemed linked in several ways; one of the most common ways is where two or more businesses are controlled by the same person or persons.  Read more

AFS Tax update

Tax Update – September 2015

Small business tax discount on the way

In a surprise – but welcome – move in the 2015 Federal Budget, the Government announced a small business tax discount. Read more

AFS Tax update

Tax Update – August 2015

Work-related and rental property claims on ATO’s watch list

Tax time is in full swing and the Australian Tax Office (ATO) has highlighted areas of concern for individuals ahead of tax return lodgement time. High on the watch list is work-related expense claims that are significantly higher than expected. Read more

Want to know more about cloud accounting? Ask us

Cloud accounting allows you to access your financial information online from any device, anywhere.

There are many benefits to using cloud accounting. In addition to the flexibility of accessing your data anywhere and anytime, you never need to install software on a device and updates are automatic. Read more

Prepare Your Business for Success – Bendigo Small Business Festival

Each August, the Small Business Festival Victoria hosts hundreds of amazing events all across Victoria. For those considering starting a new business, or considering changing their existing business, AFS are hosting a free event at 4pm on Tuesday 4 August at the Capital Theatre in Bendigo. Read more

Are you SuperStream compliant?

What is SuperStream?

SuperStream is aimed at improving the efficiency of the superannuation system. Employers make super contributions on behalf of their employees by submitting data and payments electronically in a consistent and simplified manner. Read more

Fringe Benefits Tax Conference

In preparation for the end of the finge benefits tax (FBT) year, Erin attended the annual NTAA FBT conference in Melbourne to find out what’s new for FBT in 2015, namely: Read more