2019-07-29 03:48
The ATO has provided a concession from single touch payroll for payments by small employers to closely held payees.
Single touch payroll (STP) was extended to cover all employers o… Read More
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Hta Advisory Blog - Tax Accounting Services Blog
blog.htaadvisory.com.au
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concessional contributions
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HTA Advisory is an an accounting and business advisory firm that caters to the needs of small to medium enterprises (SMEs). The market was looking for more value and help in all areas of business, financial, personal and strategic. We knew we needed to ‘reinvent the wheel’ to provide a service that made us as a key team player in our client’s success.
2019-07-24 05:45
Tip-offs to the Australian Taxation Office (ATO) have reached an all-time high with close to 60,000 tip-offs received between June and May 2019 – almost double the number of the previo… Read More
2019-07-22 06:06
From 1 July 2019, new laws prevent superannuation providers from eroding member balances with unwanted or unnecessary insurance and exit fees. Plus, inactive accounts with low balances will… Read More
2019-07-17 01:58
There was a time when cars didn’t have a fuel gauge. That meant you had to understand the size of your fuel tank, remember when you last bought fuel (and how much) and estimate the dis… Read More
2019-07-03 01:00
If you want to grow your business, attracting new customers is an important strategy. Many will immediately think of marketing and creativity which can put many people off who feel like they… Read More
2019-06-21 01:20
Imagine what you could do with tax saved?• Reduce your home loan• Top up your super• Have a holiday• Deposit for an Investment Property• Upgrade your CarHere’s… Read More
2019-06-18 23:30
A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers… Read More
2019-06-18 03:30
A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers… Read More
2019-06-17 23:00
A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers… Read More
2019-06-17 01:10
A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers… Read More
2019-06-16 23:30
There’s recently been a big tax law change that may reduce the tax deductions for many businesses across Australia.
This may happen if you:
Don’t lodge your BAS’s on time… Read More
2019-06-14 05:39
Single touch payroll (STP) reporting has changed the way businesses report salary and wages, PAYG withholding and superannuation contribution information to the ATO. For the 2018-19 financia… Read More
2019-05-17 02:20
Tax on investment property
In general, taxpayers are able to deduct from their assessible income any expenses they incur generating or producing that income. An investment is negatively gea… Read More
2019-05-13 21:30
In the 2017-18 financial year, more than 2.2 million Australians claimed over $47 billion in deductions and the Australian Taxation Office (ATO) thinks that is too much - one in ten is estim… Read More
2019-05-10 00:08
The Federal Budget announced a series of measures, some of which were legislated before the election was called.
Extension and increase to the instant asset write-off
The popular i… Read More
2019-05-10 00:07
Headlines only explain so much. Over the next week or so, we examine where the 2019-20 Federal Budget left us, and the pivotal policies from the ALP on tax, superannuation and business.
Th… Read More
2019-04-29 23:20
The business landscape is changing by the day. Adaption to changing times is important as it requires business owners to enhance their financial understanding and necessary skills to have th… Read More
2019-04-17 05:45
RING THE BELL!!
Our very own Jim Hyssoli has been named as a finalist in the Australian Accounting Awards for New Partner of the Year Award.
The Australian Accounting Awards, is the… Read More
2019-04-10 06:19
As previously reported by HTA, from 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the AT… Read More
2019-04-03 06:05
With the federal budget revealed last night, I’ve taken this opportunity to provide you with my ‘j-sights’ into the key take away from the 2019-20 budget and how it could i… Read More
2019-03-20 22:10
If your business assists employees during an emergency, for example floods, bushfires etc., then fringe benefits tax is unlikely to apply to the assistance you provide. While we doubt anyone… Read More
2019-03-18 21:35
A budget, an election and the legislation that hasn't made it through.
The February 2019 Parliamentary sitting days were the last opportunity before the Federal Budget for the Government to… Read More
2019-03-13 21:03
From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all emp… Read More
2019-03-11 21:30
The superannuation guarantee amnesty is a one-off opportunity for employers to correct past super obligation non-compliance without penalty. Check out the proposed superannuation guarantee a… Read More
2019-03-07 21:35
Women and girls make up just over half (50.7%) of the Australian population. While women comprise roughly 47% of all employees in Australia, they take home on average $251.20 less than men e… Read More
2019-03-04 22:10
Another year, another scam. While data driven crime is more sophisticated and difficult to address than ever, human error and judgement remains one of the major problems.
The latest data br… Read More
2019-02-28 21:47
We have an awesome opportunity for an Intermediate Accountant who shares a common set of values to work with clients to help them achieve their goals and make success happen. The role offers… Read More
2019-02-27 22:10
Do you earn income overseas? A recent case highlights why you might pay more tax than you thought on foreign income.
If you are an Australian resident and earn income from overseas, such as… Read More
2019-02-18 21:42
The team headed down to the 2019 Xero roadshow last week to check out the latest updates from Xero and its industry partners, I've captured some of the key highlights & ta… Read More
2019-01-24 02:24
The Power of Knowledge. The Strength of Competence
No small business owner sets out to fail, but the reality is many do. Inexperience and limited cash flow are possibly the two big… Read More
2018-12-18 22:30
December is usually the busiest time of the year for retail and hospitality businesses. But businesses in other sectors often find that their sales slowdown and their customers stop paying t… Read More
2018-12-16 22:05
In today’s business world, it is statistically noted that, an individual or a business can expect to be audited at least once every four years. Whilst random audits can be costly norma… Read More
2018-12-04 00:45
We, at HTA, are thrilled to offer your business the perfect solution to your Human Resource needs.
In partnership with HR Central, national providers of HR advice and services, we can now… Read More
2018-11-13 00:37
As of 1 July 2018, there were new mandatory salary and super reporting requirements introduced known as Single Touch Payroll (STP).These were mandatory for business’s who had over 20 e… Read More
2018-11-05 02:00
Xero recently announced the launch of their new Xero Expenses, a feature now available to Standard & Premium Business Edition subscriptions.It allows employees to capture receipts &… Read More
2018-11-01 01:37
Victoria’s Long Service Leave Act 2018 applies from 1 November 2018.This will mean new rights and responsibilities for employers and employees.The State Government of Victoria has an o… Read More
2018-10-25 02:24
HTA have partnered with HR Central, who provide services and support in everything and anything HR.
This partnership has been created so we, at HTA, can extend our service offering to our c… Read More
2018-10-23 00:43
We've already found one superstar accountant and we are still looking for another one!
A person who shares a passion for success and who is willing to work in an exciting and fun… Read More
2018-10-08 00:56
As a business we love looking at ways we can improve our efficiencies and service offering to clients through the world of technology and amazing apps.
We are excited to tell you about an e… Read More
2018-10-05 00:56
Whilst Tax Planning discussions normally take place with your business advisor around June of each financial year you also need to focus on your business goals.
Your business goal setting s… Read More
2018-09-26 23:36
We have an awesome opportunity for two Senior Accountants (Yes TWO) who shares a common set of values to work with clients to help them achieve their goals and make success happen. The role… Read More
2018-09-26 02:12
A business that has a formulated business road map, will provide the guidance and opportunities as to how business goals can be achieved. By understanding the purpose of a business roadmap i… Read More
2018-09-11 03:36
Does your business have an outstanding debt with the ATO?Effective from 1 July 2017, the Australian Taxation Office (ATO) can disclose to Credit Reporting Bureaus the tax debt information of… Read More
2018-08-07 01:50
When it comes to the private health insurance rebate, we’ve noticed that a few of our clients are repaying some or all of their rebate.As a trusted advisor, we would like to educate ou… Read More
2018-06-27 00:15
Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and after 30 June. Some of these will help to mini… Read More
2018-06-26 03:40
According to ATO, they are changing the way they collect goods and services tax (GST) on some property transactions during the settlement process.From 1 July 2018, buyers who purchase new re… Read More
2018-06-14 04:08
The Victorian Government has made significant changes to long service leave, making it fairer and more flexible for women, parents and carers.
These changes come into effect from the 1st&n&hell…Read More
2018-05-24 01:15
It’s now one week after the Budget was released, and in hindsight there were very few changes that affect most Australians.
Apart from the promised phased personal income tax cuts and… Read More
2018-05-17 00:00
Do you have a Discretionary Trust (also known as a Family Trust)?
If yes, you MUST keep reading!
In the lead-up to 30 June 2018, we want you to be aware that you need to complete your trus… Read More
2018-05-14 22:00
In the lead-up to 30 June 2018, we want you to know why using a “bucket company” can be a great strategy to saving tax on trust profits distributed.
PROFITS FROM A TRUS… Read More
2018-05-10 00:00
In the lead-up to 30 June 2018, we want you to be aware of new opportunities to save tax with super contributions.
CONTRIBUTING TO SUPER AND CLAIMING A TAX DEDUCTION
With all the n… Read More
2018-05-08 00:10
With the end of financial year (EOFY) approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June to reduce your tax and grow your wealth.
For 20… Read More
2018-04-13 06:03
In a recent Four Corners investigation, 'a whistleblower told a joint Four Corners and Fairfax investigation that tax office staff were instructed last year to ramp up the number of gar… Read More
2018-04-13 01:42
What is a myGov account you ask? It is a secure way to access a range of government services online using one login and password.
It allows you to link the following services to your mcGov… Read More
2018-04-10 03:00
On 31 March 2018, the Fringe Benefits Tax (FBT) year ends. With the ever increase budget deficits, the ATO will be reviewing whether all employers who should be paying FBT are, and that they… Read More
2018-04-10 00:00
The 17th of March marked the 10 Year anniversary of HTA Advisory.
When Tim and Troy commenced HTA it was one of the braver decisions they had made in their lives. Troy at the time had a 4… Read More
2018-04-03 04:35
Single Touch Payroll (STP) is changing the way employers report to the Australian Taxation Office (ATO). STP becomes mandatory from 1 July 2018 for employers with 20 or more employees, and i… Read More
2018-02-21 23:00
Hunting for new cars can be time-consuming and difficult, especially for professionals who don’t have time and people who don’t have ideas on how to find the best car deals. T… Read More
2017-12-11 05:56
One of the best things about HTA Advisory is that it is composed of highly skilled, experienced and amazing professionals. One of the team members that HTA Advisory is proud to have is Ben S… Read More
2017-11-30 03:26
Online security and safety is very important. That is why, with the ATO’s recent announcement about tighter security requirements for tax sensitive data, Xero is extending the use of X… Read More
2017-11-13 00:42
Beware of the dreaded inheritance tax and changes to it from April 2017!
Approximately 1.3 million Britons now live in Australia and Brexit may only increase this number! Many think that mo… Read More
2017-11-08 00:01
Many business owners are so busy running their business that they sometimes forget about this important business process. They get so busy, especially as Christmas approaches, that once they… Read More
2017-10-30 23:54
How can you make your business worth a larger amount when you want to sell it?
Before we answer this question, remember: your business will only be worth what someone else is willing to… Read More
2017-10-26 23:47
Thinking of ways on how to grow your business? Or how to know if you are hitting your numbers?One of the most common mistakes of businesses that make them unsuccessful is not focusing enough… Read More
2017-09-20 03:27
Why do you own a business?
It’s interesting to consider this because we are shocked at how many business owners haven’t taken the time to consider this fundamental question. Fro… Read More
2017-09-05 06:58
As an innovative team, we, at HTA Advisory are always on the lookout for the best technologies that would help us improve our operations and better serve our clients. And this year, we won&r&hell…Read More
2017-08-23 04:52
If you are in the service and trade industry, Tradify is a job management software designed to help you track every job you have. The software helps you manage your workflow by tracking your… Read More
2017-08-14 05:49
It’s tax time again. What can you claim to reduce your tax?
Please take just 2 minutes to read this blog article. We’ll explain:
Deductions you can claim
The importan… Read More
2017-07-27 03:53
As part of a global network of accounting firms called PANALITIX, we, at HTA Advisory, can use and share all impactful resources that can help our clients in improving their business and ach… Read More
2017-07-19 05:52
Two months ago, we reminded our clients that there are scammers posing to be members of ASIC asking to pay fees and give out personal information to renew their business or company name.&nbs&hell…Read More
2017-07-11 00:10
Happy new financial year! We hope last years was financially prosperous and here’s to another exciting year ahead.
However, as it is the new financial year, it’s time to ensure… Read More
2017-07-07 04:44
Business financial planning and tax accounting services can help you comply with all ATO requirements your business needs to meet annually.
We have compiled a list of the ATO's annual tax f… Read More
2017-06-28 00:15
Congratulations! Read More
2017-06-22 04:42
Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and after 30 June. Some of these will help to m… Read More
2017-05-11 22:15
We at HTA Advisory are here to help you make smart financial decisions now so you can have a beautiful financial future. One way we do that is through careful tax planning! If you haven… Read More
2017-05-11 02:00
Avoid extra tax by making your Trust Distribution Resolutions before 30 June 2017
In the lead-up to 30 June 2017, we want you to be aware that you need to complete your trust distribution… Read More
2017-05-04 02:28
Choose the right SMSF strategy and potentially pay ZERO tax!
In the lead-up to 30 June 2017, we want you to be aware of how using a SMSF as a tax saving strategy can have long lasting ben… Read More
2017-04-27 02:30
How to “cap” the tax on trust distributions using a “bucket company” – save tax!
In the lead-up to 30 June 2017, we want you to know why using a “bucket… Read More
2017-04-19 02:30
In the lead-up to 30 June 2017, we want you to be aware of your Last Chance to make BIG Super Contributions.
Watch the 2 min video below to learn how our expert tax planning advice can he… Read More
2017-04-04 03:00
From 1 July 2017, a new tax measure will come into play for small businesses, and we’re here to help prepare you for this tax change.
Businesses that haven't engaged with the Austra… Read More
2017-04-03 03:32
2017-04-03 02:00
Don’t miss the opportunity to save tax before 30 June 2017!
In the lead-up to 30 June 2017, we want you to understand the Secrets to Tax Planning.
Watch the 2 min video below to le… Read More
2017-03-24 02:52
There are 5 key things all business owners must consider right now. Some of them are brilliant wealth creation ideas. Please read on…
30 June will be here before we know it. Let us… Read More
2017-03-23 01:00
On 31 March 2017, the Fringe Benefits Tax (FBT) year ends. The ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount.
To help… Read More
2017-02-21 01:10
Utilising Technology to improve Cashflow...
One of the most common problems small business owners face is managing their cash flow, and getting paid on time by their clients. You get an in… Read More
2017-01-17 01:55
The Australian Government has passed legislation to alter the way Working Holiday Makers (WHMs) will be taxed. As discussed in our previous blog, Changes to Working Holiday Makers Tax Rate… Read More
2016-12-20 01:15
New tax rates apply from the 1 January 2017.
From the 1 January 2017 the ATO are changing the tax rates for working holiday makers who hold 417 and 462 visas.
What you need to do:
If yo… Read More
2016-12-09 01:45
The best accountants add value to your business – here’s how to make sure your accountant is ticking all the boxes.
Here is our promised final 5 of 10 tips for getting the mo… Read More
2016-11-28 04:18
Changes to various key superannuation legislation are at the final stage of the legislative process and are likely to pass into law in the near future.
Key changes to be noted are as foll… Read More
2016-11-21 02:00
Family wealth can take a lifetime to accrue, but can also disappear in an instant through poorly considered generosity.
This 3 minute read may be one of the most important a… Read More
2016-11-18 02:16
The silly season is back upon us with us all about to enjoy the odd Christmas Party or 3.
In order to ensure you stay on side of the ATO and Fringe Benefits Tax (FBT) here are some tips for… Read More
2016-11-10 05:43
After eleven months of campaigning, the US has now voted and elected it’s 45th President, Donald Trump.
The election of Donald Trump to the presidency creates a great deal of uncer… Read More
2016-10-13 01:00
HTA Advisory has a broad spectrum of clients across many industries. Often, it's only the business advisor who gets to hear about the exciting things our clients are doing. Our Client Conver… Read More
2016-09-28 06:40
The Australian Tax Office (ATO) have released new tax tables that will take effect this week – whether you pay wages or receive a regular wage, here are some tips to get you ready… Read More
2016-09-26 03:00
Last week in Brisbane, Tim, Troy & Elisha were lucky enough to attend Xerocon South 2016.
The annual conference was Xero’s biggest conference yet, with over 2000 attendees! Consid… Read More
2016-09-19 04:38
The Government has provided a further update of the proposed $500,000 lifetime non-concessional (after tax) contribution cap from the 2016/17 Budget.
At this stage the Government is now l… Read More
2016-09-12 22:00
The best accountants add value to your business, all for an affordable cost that you can control
Growing businesses rapidly find they need the services of an accountant in order to help the… Read More
2016-08-28 22:00
Do you run a business with employees? If yes, then we can guide you to take care of your Human Resources (HR) the EASY way.
Don’t get caught out. If you answer ‘Yes” to… Read More
2016-08-22 22:00
We take a closer look into the latest update from the ATO.
The ATO has introduced a 10% withholding rate on payments made to foreign residents under contracts entered into on or after th… Read More
2016-08-15 00:30
Think of life insurance as your car seatbelt. Your seat belt has no way of stopping an accident from occurring, but it does make sure that you walk out of that mess with all limbs attached… Read More
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