AFS NEWS | Your partners in success

Client update | August 2019

Happy new financial year! Just like that we have reached the 2019/2020 financial year. If you asked anyone in the 80’s what we could expect in 2020, we assumed we’d all be eating synthetic food pills and being served by robots. In reality,

Tax time tips for property investors

  Tax time is here! We have five tips to ensure you maximise the deductions for your investment property.

Penalties here for non-STP compliant businesses

The grace period for large employers required to be Single Touch Payroll (STP) compliant since last year (1 July 2018) has ended with penalties now in full force.

Getting on top of tax debt

In the 2017-18 financial year, the Australian Taxation Office (ATO) collected over $500 billion in liabilities from Australian taxpayers, with 89.5% paying on time, followed by 95.9% paying within 90 days of the due date. Although most Australians pay their tax bill on time, some can’t – or just won’t – pay what they owe.

Smart ways to invest your tax return

Tax time can often feel like a hassle, but it’s all worth it if a tax refund lands in your account. So what’s the best way to spend it?

Sizing up clothing claims

Submitting a claim for your work related clothing expenses is common come tax time, with more than six million Australian’s claiming deductions in the past financial year. This year it’s likely to bring your tax return right under the spotlight of the Austrlalian Taxation Office (ATO) due to a crack down on the growing number […]