As we say hello to the cooler weather we also head towards the end of another financial year. Now is a good time to revisit your tax and financial affairs to see if any changes need to be made before financial year 2023 closes. Some things to think about are whether you are eligible and […]
New Year, New Ute? If you need a new business asset and didn’t make the $150,000 instant asset write off that ended 31 December here’s some good news. There are new asset rules where you can expense the full purchase price of assets until 30 June 2022. Any asset first held, and first used or […]
During this crisis Downs accounting are open and ready for you to email or call us. Please don’t visit the office unless absolutely necessary. The office is open for now but please call before coming due to rapidly changing circumstances. We have been working via our online portal for over 6 years with most our clients […]
The ATO are sending letters to businesses they have identified as operating on a cash only basis and that their records are also not kept electronically. If you operate on a cash only basis you may receive a letter. The benefits of using a software program and keeping records can include easier finance approval, quicker […]
Time to gather your receipts and prepare for your 2017 tax return preparation. You may also have a BAS or Financial Statements due. We are ready and waiting at Downs Accounting to assist with your queries and provide checklists so get in touch today!
Have you located all the red tape relating to your business? There is an ever mounting pile of red tape that businesses must adhere to. Many business owners are simply not aware of all that exists. These include local council permits required to run certain businesses types or Payroll Tax that creeps up on you when […]
THERE’S never been a better time to hit the shops. Despite reports to the contrary, it seems women may be able to claim handbags on tax. But there’s a catch — you have to keep a logbook to prove it carried more than lipstick and lunch to the office. Accountants are trying to clarify tax […]