Profile cover photo
Profile photo
Wise Accounting Pty Ltd
26 followers -
Your end-to-end business specialists.
Your end-to-end business specialists.

26 followers
About
Communities and Collections
View all
Posts

Post has attachment
Tax time 2017: Rush of early returns but taxpayers should be careful.

“We know that taxpayers like to get in early and lodge in the first month of tax time, but our analysis shows that if you lodge in July you’re far more likely to make a mistake by leaving out some of your income.”
Add a comment...

Post has attachment
Parents will pay the price when the Australian housing bubble bursts.

Many First Home Buyers (FHBs) are dependent on their parents for financial assistance for deposits, mortgage payments, co-buying and using the family home as collateral (guarantees). This fast-tracks ownership for the children of the more affluent regardless of their ability to meet mortgage repayments over the long term. These forms of parental assistance allow some FHBs to enter the market dangerously over-leveraged with minimal equity and savings.

The parents' financial future is at risk should their children experience difficulties meeting mortgage payments, let alone defaulting and suffering foreclosure.
Add a comment...

Post has attachment
ATO takes 'unnecessary', 'belligerent' stance on disputes, but finally willing to deal with individuals and small business; not just the top end of town.
Add a comment...

Post has attachment
Alphabet Inc's Google said it will challenge amended tax assessments issued by the Australian Taxation Office (ATO), which is trying to claw back billions of dollars from multinational corporations citing unpaid taxes.

The ATO has increased scrutiny over how much tax multinationals operating in Australia pay. In December, it said it was pursuing seven global businesses over A$2 billion ($1.50 billion) in unpaid tax.
Add a comment...

Post has attachment
HELP / HECS for ex-pats now in target!

Many young Australians living overseas will soon find themselves in the sights of their home country's tax authorities.

Australian tax officials have been told to prepare for a campaign to recover student and trades training loans from graduates and trainees living and working all over the world.
Add a comment...

Post has attachment
Australia's poorest people are taking on negatively geared property investments, despite their inability to manage the risks, a new report from KPMG shows, putting them at severe risk of financial distress when interest rates begin to rise.

While the proportion of households facing economic hardship has remained static in recent years, the total number of very poor households has risen and reached almost half a million people.
Add a comment...

Post has attachment
The Deloitte report suggests Western Australia, the Northern Territory and Queensland are continuing to suffer from the mining slowdown, while New South Wales and Victoria have been the big winners out of economic “megatrends”, with population growth in Victoria giving the state a leg up into the future.
Add a comment...

Post has attachment
Internet retail giant eBay has threatened to block Australians from accessing its global marketplace if the government pushes ahead with a new 10 per cent tax on foreign imports.

In a submission to a parliamentary committee on April 10, CEO Jooman Park slammed as “complex, inconsistent and unworkable” the proposal to require almost all overseas websites to charge GST on everything they sell into Australia.

“Regrettably, the government’s legislation may force eBay to prevent Australians from buying from foreign sellers,” Mr Park wrote.
Add a comment...

Post has attachment
Business welcomes 457 visa changes, warns on red tape in wake of sweeping changes to the skilled migration program.
Add a comment...

Post has attachment
According to the ABS, employment increased by a massive 60,900 in seasonally adjusted terms, easily surpassing the 20,000 increase expected by economists.

The lift in employment was the largest since September 2015, and the sixth consecutive month with an increase.

Total employment now stands at 12.06 million, the highest level on record.
Add a comment...
Wait while more posts are being loaded