Nobel Thomas Melbourne Business Accountants in Carlton, Victoria, Australia | Tax preparation service

Nobel Thomas Melbourne Business Accountants

Locality: Carlton, Victoria, Australia

Address: 100 Queenberry Street, 3053 Carlton, VIC, Australia

Website: http://www.melbourneaccountant.com.au/

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• Tax preparation service
• Accountant
• Financial service
• Business consultant

07.02.2022 Find ABN and GST errors in minutes and smooth out BAS review Almost 60% of accounting files contain GST or ABN errors how much time do you spend cleaning them up (and do you catch them all?)? AI Audit can help accountants and their bookkeeping teams save hours on clean-up and rework and reduce compliance risk. https://melbourneaccountant.com.au/find-abn-and-gst-errors/

27.01.2022 ‘Election Years Rarely Bode Well for Superannuation’: SMSF Association Speaking to sister title, ifa, Peter Burgess said it is hard to tell what’s in store for the sector as election years rarely bode well for superannuation. They usually come with promised changes to superannuation that can unnerve the industry and rattle fund members especially those in retirement, Mr Burgess said.... https://melbourneaccountant.com.au/election-years-rarely-b/

24.01.2022 ATO Touts New Account Viewing A number of changes have been made to the interface of the Australian Taxation Office’s online services for agents that are set to impact how tax professionals view accounts. In an update from the ATO, it outlined that it had made a number of improvements for tax professionals to make it easier to view clients’ accounts in online services for agents.... The changes detailed in the update include the development of a single system for activity statements and franking deficit tax accounts as well as simplified transaction descriptions for common tax types. Further changes include a summarised view of statement of account transactions that can be expanded for viewing of full account transaction lists. https://melbourneaccountant.com.au/ato-touts-new-account-v/

21.01.2022 Taxpayers urged to keep work-from-home records Moore Australia has called for taxpayers to keep a diligent log of the hours worked from home this financial year as tax time looms. https://melbourneaccountant.com.au/taxpayers-urged-to-keep/

19.01.2022 The Top 8 Reasons Why Staff Leave Australia is facing a shortage of skilled labour. When the supply of staff dry up the focus often turns to retention. But, the first step is to understand why people you want to stay, choose to move on? https://melbourneaccountant.com.au/the-top-8-reasons-why-s/

17.01.2022 5 Giveaway Signs of Stock Market Scams and How to Avoid Them Have you ever seen a pop-up when scrolling through social media or websites claiming a certain platform, financial adviser or celebrity can help you make thousands by ‘investing’ in programs or vehicles that seem to have the secret sauce to making bank with stocks, commodities or crypto assets? While some scams can stick out like a sore thumb, with less than impressive graphics and fake website links, others can app...ear somewhat legitimate, and even the most savvy Aussie investor can fall victim to these. The Australian Competition and Consumer Commission’s (ACCC) Scamwatch reported recently that last year alone, Australians lost $176.1 million to scams, up by almost 23 per cent in 2019. The number of scams also rose by 28.8 per cent with more than 216,000 reported in 2020. https://melbourneaccountant.com.au/5-giveaway-signs-of-sto/

15.01.2022 We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions that is, interactions between the SMSF, its assets, and its members (or relatives of members). We’ve set out some of the common questions and answers. https://melbourneaccountant.com.au/your-smsf-when-expenses/

14.01.2022 ATO signals crackdown on 4 ineligible work-from-home claims As tax time looms, the ATO has pointed to four key ineligible work-from-home claims it will be watching closely as taxpayers look to make the most of flexible working arrangements. https://melbourneaccountant.com.au/ato-signals-crackdown-o/

04.01.2022 7 Most Surprising Things You Can and Can’t Claim Depending on your area of employment, there are a range of tax deductions that could be available. The basic rule is that if you’ve incurred an expense as part of your job, you can claim it. For instance, if you’re a taxi driver, you can claim fuel for your car. While if you’re a tradie, you can likely claim a deduction for an array of essential tools. Such examples are relatively straightforward and obvious, but with tax bein...g something of a grey area for many, it is inevitable that some of the claims tax specialists encounter With this in mind, our network of skilled tax consultants have provided a list of the more outlandish claims taxpayers have tried to make over the years. And bearing in mind that we deal with over 750,000 Australians a year, it’s fair to say we’ve seen our fair share of strange claims and, surprisingly, some were allowable although plenty weren’t! https://melbourneaccountant.com.au/7-most-surprising-thing/

25.12.2021 ATO releases draft guidance on breaches with super benefits The ATO has released draft guidance outlining the factors the commissioner will consider when exercising discretion on superannuation benefits received in breach of the SIS Act. The ATO has published a draft Law Administration Practice Statement, PS LA 2021/D3, which explains when and how the ATO will apply discretion in section 304-10(4) of the Income Tax Assessment Act 1997 where a taxpayer receives a superannuatio...n benefit in breach of the legislative requirements. It is currently under consultation and when finalised, will be used to instruct ATO staff. It has also published a draft tax determination, TD 2021/D6, which clarifies the tax treatment of a superannuation benefit where a commissioner exercises the discretion in subsection 304-10(4). The ATO explained in PS LA 2021/D3 that where a person receives a payment from a super fund and the fund was not maintained in accordance with the sole purpose test or the benefit breaches the payment standards in subsection 31(1) of the SISA, the benefit will be included in the person’s assessable income. https://melbourneaccountant.com.au/ato-releases-draft-guid/

20.12.2021 ATO releases new guidance on allocation of professional firm profits The ATO has released its compliance approach to the allocation of profits or income from professional firms. https://melbourneaccountant.com.au/ato-releases-new-guidan/