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Platinum Accounting & Taxation
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Free Tax Tips to boost your tax refund. Award winning Melton accountants
Free Tax Tips to boost your tax refund. Award winning Melton accountants

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Platinum Accounting & Taxation's posts

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Business assets, personal use?: http://bit.ly/2d2xMji

Is there a problem with using your company's assets for yourself? Assets that belong to your business but that are being used for your own benefit or enjoyment can potentially trigger a tax issue known as 'Division 7A'.
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How does HECS withholding work?: http://bit.ly/2dABGRy

Often, I am asked by clients "Why do I pay HECS in my tax return when my employer withholds HECS and pays it for me?" The answer is quite simple and this article explains exactly what happens with the extra tax deducted from your pay.
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Red flags that can trigger an ATO tax audit: http://bit.ly/2deRIPS

The last financial year has witnessed a record number of tax audits. and with the ATO actively stepping up its inspection of business transactions across the board, utmost vigilance must be exercised at all times with the recording of your business transactions. In order to help you avoid such a stressful, time-consuming and costly tax audit, we’ve put together a list of some triggers you should be aware of.
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Let's get clear about GST: http://bit.ly/2cHS9aX

One of the key decisions to be made when starting a new business is whether you should, or should not, register for GST. In this article I’ll be discussing some the issues you’ll need to consider very carefully.
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Two or more income sources? Beware a potential Tax Trap!: http://bit.ly/2d0McEt

Taxpayers with two more income sources in a given financial year (simultaneously, or at separate times) need to beware of a possible tax trap caused by the tax-free threshold. This article outlines how the tax trap arises and what you can do to avoid it this financial year.
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Payroll Tax - When does it apply in my business?: http://bit.ly/2c93O0K

Business owners are often unaware of what Payroll Tax is and when the obligations for payroll tax arise. Our blog article here examines the details of Payroll Tax - minus the technical jargon, so you, the business owner, are absolutely clear on how Payroll Tax affects you and your business.
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Building a new home? Is it exempt from CGT?: http://bit.ly/2cgflg2

When building a new home, is it CGT exempt? There is a concession in the CGT rules that can allow a taxpayer to treat a property as their “main residence” even though it does not yet have a habitable dwelling. Read on to learn more about this.
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8 Reasons to switch to cloud accounting: http://bit.ly/2bUJz71

As a small business owner you know that bookkeeping is a necessary evil. When done inefficiently, it saps time and energy from the core revenue-generating functions of your business. If your business hasn't already adopted cloud accounting technology, then here are 8 compelling reasons to make the switch now.
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Workcover - What are my obligations?: http://bit.ly/2cmglM7

Quite often our clients approach us with questions pertaining to their obligations for WorkCover. Our blog article here examines the important details of Workcover - minus the technical jargon - so you, the business owner, are absolutely clear on how WorkCover insurance affects you and your business.
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