Tax Tips

TAX TIME TIPS

A business or a hobby? Now that the EOFY is creeping up on us quicker, it’s a great time to double check all your tax

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New ATO view on providing Utes, Vans and Trucks to employees

New ATO view on providing Utes, Trucks and Vans to employees. As part of many businesses’ operations, commercial type vehicles such as work Utes, Vans

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Single Touch Payroll –

Single Touch payroll – Doing Nothing Is Not An Option Single Touch Payroll (STP) is a mandatory reporting change for employers. From the 1st July

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Asset Protection and Tax Minimisation

Protecting your Assets and Minimising your Tax As self-storage owners you work hard to maximise the value of your business. On a daily basis you’re

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Logbooks & Car Fringe Benefit Tax

As we approach yet another Fringe Benefits Tax year end, it is a timely reminder of the log book requirements for calculating Fringe Benefits tax,

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Work Related Deduction Tips

Author – Anh To – Bishop Collins, Business Services, Client Manager. “My friend said I can deduct…” With a New Year upon us and tax

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Accountant or Taxation Reform?

By Ian Rodrigues – Director Bishop Collins Taxation reform – the real and significant kind – has eluded us for some time now. There are

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Negative Gearing – Why all the Talk?

By Ian Rodrigues – Director Bishop Collins Never let the facts get in the way of a good story or so the saying goes. In

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The biggest tax concession in perspective

The PPOR exemption is for many of us the single biggest tax concession we have in our country. Taxpayers are paying around 50% at the

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