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...

Rental Property Expenses – What You Can & Can’t Claim

It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties. What...

Are All Your SMSF Eggs In One Basket?

The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700...

ATO Take ‘Gloves Off’ On Overseas Income

Five years ago, the Australian Taxation Office (ATO) offered a penalty amnesty on undisclosed foreign income. Five years on, the...

Why The Government Does Not Want Your Business Accepting Cash Payments Of $10,000 Or More

From 1 January 2020, the Government intends to restrict the value of cash payments a business makes or accepts to...

Confusion Over Personal Income Tax Changes – What Are You Really Entitled To?

The recent income tax cuts that passed through Parliament do not mean everyone automatically gets $1,080 back from the Government...

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...