Blog

Updates & news from The Field Group Accounting

Xero vs. MYOB – Which Accounting Software Is Best For Your Small Business?

Xero vs MYOB – Which accounting software will best suit your business? Accounting software has come a long way over...

Personal Income Tax Cuts Now Law

The proposed income tax cuts are now law. The immediate change is the extension of the low income tax offset...

Super, Insurance & Exit Fees: The 1 July Changes

From 1 July 2019, new laws prevent superannuation providers from eroding member balances with unwanted or unnecessary insurance and exit...

60,000 Tax Cheat Tip-offs

Tip-offs to the Australian Taxation Office (ATO) have reached an all-time high with close to 60,000 tip-offs received between June...

Cryptocurrency This Financial Year

The ATO has a special taskforce dealing specifically with cryptocurrency. Cryptocurrency is considered an asset for tax purposes, rather than...

Not Making Your Full Superannuation Contribution? Now You Can Catch Up

This year is the first year of new measures that enable people who have been out of the work force,...
ATO To Iron Out False Laundry Claims

ATO To Iron Out False Laundry Claims

The ATO will take strong actions against false clothing and laundry work-related expense claims this tax time. Six million taxpayers...

On 1 July 2019 Your Insurance Cover May Be Changing!

In February this year, the Government passed legislation which prevents trustees of APRA-regulated funds from providing insurance to members with...

The Differences Between Individual and Corporate Trustees

Superannuation Trusts must have a Trustee. But should the Trustee be a company or an individual? This question is important...