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Tag : audit

Lifestyle assets continue to be an ATO audit target

Posted on 10 February 2020 by Omnis Group

Lifestyle assets targeted The ATO has revealed it will request a further five years’ worth of policy information from over 30 insurance companies about taxpayers who own marine vessels, thoroughbred Read More…

Posted in Financial Planning | Tagged assets, audit, Australian Tax Office ATO, business insurance, data matching, Goods & Services Tax GST, self-managed superannuation SMSF, taxpayers
cash flow

ATO cash economy

Posted on 13 May 2019 by Omnis Group

Continued focus on the cash economy ATO Assistant Commissioner Peter Holt has announced that, in the 2019/20 financial year, the ATO will be visiting a further 10,000 small businesses across Read More…

Posted in Business Accounting & Taxation | Tagged audit, Australian Tax Office ATO, benchmarks, black economy, business activity statement BAS, Cash flow, Small business
outlook

Mid-Year Economic and Fiscal Outlook

Posted on 11 February 2019 by Omnis Group

MYEFO report Mid-Year Economic and Fiscal Outlook (‘MYEFO’) report recently released. It indicates that the underlying Budget deficit is expected to be $5.2 billion in 2019 (down from the $14.5 Read More…

Posted in Business Accounting & Taxation | Tagged assets, audit, Budget, depreciation, economy, Goods & Services Tax GST, Super Guarantee SG, superannuation, tax reform
beauty technician

Xero case study

Posted on 20 August 2018 by Omnis Group

Transposition error gets bookkeeper the snip Eve runs a successful hair salon in The Hills and has a friendly, professional manner that all her devoted clients love. She is also a conscientious Read More…

Posted in Cloud Accounting | Tagged audit, Australian Tax Office ATO, bookkeeping, business activity statement BAS, cloud accounting, recordkeeping, Xero

Recent Posts

  • New ‘gig’ economy reporting
  • Proposed new record-keeping course
  • Lifestyle assets continue to be an ATO audit target
  • 2020 Business Resolutions
  • Disclosure of business tax debts

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We are modern, forward thinking Business Accountants Perth, providing practical, proactive, real world advice and support that goes beyond the basic preparation and lodgement of tax returns, to identify opportunities for improvement in your business.

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