Spinell Group | Accounting, Financial Planning, Finance & Superannuation

Would you take tax advice from a car salesman?

The attached article states that some car dealerships are providing unlicensed tax advice in relation to GST and depreciation in an effort to push clients into purchasing or entering into a financing agreement. We would suggest that you don't take tax advice from a car salesman and come see us (the professionals in tax advice)…

Are you ready for Single Touch Payroll? From 1st July 2018, employers with 20 or more employees will need to report payments such as wages, PAYGW and super directly to the ATO from their payroll program at the same time they pay their employees. You should ensure that your payroll program is (or will be)…

ATO Cancels the ABN’s of Thousands SMSF’s

The ATO has recently cancelled the ABN’s of over 9,000 Self-Managed Super Fund (SMSF) as part of its non – lodgement swoop. The reason behind cancellation of the ABN’s is because the SMSF’s have overdue tax returns and are therefore considered to be showing “no evidence of operating". The ATO will be contacting more SMSF…

Tax – Smart tips for your investment property journey

The ATO have issued some new flyers for rental property owners to help them understand tax and property investment, how to avoid common mistakes, and what records they need to keep. If you have any queries in relation to this, please don't hesitate to contact us.