Small Business Concessions
As a small business owner, you can prepare for the end of financial year by making use of these small business tax concessions
2019 Individual Tax Return Checklist
To assist us in preparing your tax return, please use this checklist when compiling your information. Completing the checklist can take some time however your efforts will enable us to maximise your deductions and process your return efficiently.
2019 Tax Deadline
Ample Finance can help you quickly bring your taxes up to date before the 2019 tax deadline. The official period for lodging your tax return is 1 July – 31 October 2019.
Get ready for Single Touch Payroll
Smaller employers with less than 19 employees will need to start reporting their payroll data via Single Touch Payroll (STP) by 1 July 2019. That’s not far away and if this affects you, you need to start getting ready now! Don’t panic though, Ample Finance are here to help and to that end, we have prepared a “Get ready for Single Touch Payroll” checklist to assist you.
Get set for a 3.0% wage increase – 2019 Minimum Wages
The Fair Work Commission has announced a 3.0% increase to minimum wages. The new national minimum wage will be $740.80 per week or $19.49 per hour.
2019 Federal Budget Analysis
Treasurer Josh Frydenberg’s first Budget focuses on reducing the tax burden for the majority of working Australians, greater superannuation flexibility for retirees and a one off energy relief payment for eligible income support recipients.
5 Most Common Tax Mistakes
ATO guide to the 5 most common Tax Mistakes As tax time 2018 kicks off this weekend the Australian Taxation Office (ATO) has profiled the five most common tax mistakes and the personalities most likely to have tax time troubles. Assistant Commissioner Kath Anderson said it’s often simple tax time mistakes and misunderstandings that [...]
2018 Annual Wage Review – Minimum Wage
2018 Annual Wage Review The Fair Work Commission has handed down its 2018 Annual Wage Review decision. The Fair Work Commission has announced a 3.5% increase to minimum wages. The new national minimum wage will be $719.20 per week or $18.93 per hour. The increase applies from the first full pay period starting on or [...]
FY19 BAS Due Date & BAS Payment Date
FY19 BAS Due Date & BAS Payment Date The FY19 BAS due date for lodging and paying is displayed on your BAS. If the due date is on a weekend or public holiday, you can lodge and pay on the next business day. Quarterly reporting Due date for each quarter Quarter Due date 1 [...]
2018 Individual Tax Return Checklist
2018 Individual Tax Return Checklist To assist us in preparing your tax return, please use this checklist when compiling your information. Completing the checklist can take some time however your efforts will enable us to maximise your deductions and process your return efficiently. For New Client Only / For Information Update Only PERSONAL [...]
2018 Tax Deadline
2018 Tax Deadline The 2018 Tax Deadline is Tuesday, 31 October 2018 Ample Finance can help you quickly bring your taxes up to date before the 2018 tax deadline The official period for lodging your tax return is 1 July – 31 October 2018. (If you still have not lodged a 2017 [...]
Newly introduced: Vacant Residential Property Tax (VRPT)
The third and final part of this series discusses the Vacant Residential Property Tax (VRPT), a new proposal by the Victorian government to address lack of rental supply. Specific details are still under consideration as the Victorian government consults property groups for further insight. Who does this effect? The Vacant Residential Property Tax will [...]
Changes to Stamp Duty
The issue of rising housing prices has been a growing concern for economists and policy makers, as first home buyers are increasingly being pushed out of the market. This article will discuss planned changes to Stamp Duty exemptions and concessions and is the second segment in a three part series covering the Victorian government’s [...]
Changes to the First Home Owner Grant
The issue of rising housing prices has been a growing concern for economists and policy makers, as first home buyers are increasingly being pushed out of the market. This article will discuss planned changes to the First Home Owner Grant and will be the first segment in a three part series covering the Victorian [...]
Changes in the Backpacker Tax
Following an eighteen-month political tussle, the Income Tax Rates Amendment (Working Holiday Maker Reform) Bill 2016 was passed in early December last year, with settlement being reached on what is more widely known as the Backpacker Tax. What has been changed? The Backpacker Tax is a tax on the income of workers employed in [...]