AcCounting on me Pty Ltd

07/05/2024

Property, shares, crypto assets... If you earn money from investments, then you need our 2024 Investors toolkit!

Download and share the whole toolkit or just the fact sheets you need.

Get tax time ready now 👇

17/04/2024

Fuel tax credit rates changed on 5 February. It’s important to remember to apply the latest rates to your quarterly BAS.

Here are a few tips to make sure you can get the most out of your claim 👇🚚 ⛽

26/03/2024

If you’re earning income from personal efforts and skills as a sole trader, you might be earning personal services income (PSI).

PSI is earnt:
✅ through expertise
✅ through labour
✅ as an entertainer.

But PSI isn’t generated:
❌ as an employee
❌ through assets
❌ by supplying and selling goods.

If you earn PSI, you will need to complete specific questions in your tax return and schedules.

05/03/2024

01/07/2022

🔍💥 Tax scam myth 3: Tax scams only happen at tax time.

Myth = busted! We see different types of tax and super scams happening all year-round, like:
❌ dodgy emails about your cryptocurrency investment
❌ ads for fake TFN applications
❌ phony requests to update your financial info.

Stay scam safe and always be cautious about any requests for your personal info and financial details.

For more info and to stay up to date on our latest scam warnings go to
www.ato.gov.au/general/online-services/identity-security-and-scams/scam-alerts/

10/06/2022

🤔 Thinking of giving your super fund a boost by making personal contributions? You may be able to claim a tax deduction!

But before you do, it’s important to make sure:
✔️ you meet the age requirements
✔️ you give your fund a notice of intent to claim, and
✔️ your fund has validated your notice of intent and sent you an acknowledgement.

Just remember, you can’t claim the super contributions made by your employer!

For more info, visit www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Claiming-deductions-for-personal-super-contributions/

10/06/2022

🧑‍💼👷 Whether it’s a plain white shirt or a high vis vest, not all clothes that you wear for work are tax deductible.

You can’t claim the cost of your everyday clothes, even if you’re required to wear them to work. However, you may be able to claim a deduction for clothing if it’s either:
✔️ a compulsory uniform
✔️ protective clothing
✔️ specific to your job.

To find out if the clothing you bought for work fits the bill, visit www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/clothing,-laundry-and-dry-cleaning-expenses/

10/06/2022

Employers: Changes to super guarantee start from 1 July and include:
✔️ the super guarantee rate increasing from 10% to 10.5%, and
✔️ the removal of the $450 eligibility threshold. This means employees may be eligible for super, regardless of how much they earn.

To learn more about what these changes mean for you, visit www.ato.gov.au/business/super-for-employers/work-out-if-you-have-to-pay-super/

09/03/2022

All casual employees must be given a copy of the Casual Employment Information Statement (CEIS) before, or as soon as possible after, they start a new job.

The CEIS includes info about conditions of employment for casuals like when they need to be offered part-time or full-time employment.

The CEIS is available in 38 languages. Download it from our website: https://www.fairwork.gov.au/employment-conditions/national-employment-standards/casual-employment-information-statement

Remember, employers have to give the Fair Work Information Statement (FWIS) to all new employees (full-time, part-time and casual) too.

26/03/2021

Friday afternoon in the office........

18/01/2021

Work rosters ✅
Payroll ✅
Super guarantee payments 🤔

Remember 💡 If you’re an employer, your next super guarantee payments need to be received by super funds by 28 January.

Having difficulty meeting your super obligations? Contact us to discuss your options on 1800 806 216.

For more info, visit www.ato.gov.au/Business/Super-for-employers/Paying-super-contributions/When-to-pay-super/