Blogs & Resources
14 April 2019
Are employee lunches tax deductible?
Employee meal costs, like lunch during a normal work day, are normally private non- deductible expenses. However, an employer can provide the following mea…
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5 April 2019
Taxation Update - April 2019
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:1. Continued focus on the cash economy2. Common erro…
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30 March 2019
9 things to consider for 2019 tax planning.
That time of year has arrived again. Businesses and Individuals should be reviewing their affairs to ensure the best possible tax outcome for the 2019 fin…
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19 March 2019
What can I do about my late Super?
Traditionally if you were an employer that was late in paying your employees super you were required to complete a Superannuation Guarantee Charge (SGC) Stateme…
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19 March 2019
Personal Services Income (PSI) and how it effects your tax deductions.
If you are deemed to be receiving Personal Services Income (PSI) and not deemed to be operating a Personal Services Business (PSB) what you are able to claim as…
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16 March 2019
Taxation Update - March 2019
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed: Changes to the small business instant asset w…
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2 March 2019
What are the proposed changes to Division 7A?
The Australian Taxation Office (ATO) released a consultation paper concerning proposed amendments to the Division 7A integrity rules.The proposed changes includ…
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26 February 2019
Are Start-up Expenses immediately deductible?
In most instances the simple answer is yes.This is a common question. When people start up a business, they will usually use a company or a trust structur…
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23 February 2019
What is Single Touch Payroll?
Single Touch Payroll (STP) changes the way businesses communicate their employee information with the Australian Taxation Office (ATO).Historically employ…
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7 February 2019
Taxation Update - January & February 2019
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:1. Division 293 assessments2. Claims for home office…
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26 January 2019
December 2018 quarterly Business Activity Statement (BAS) due date
The December 2018 quarterly Business Activity Statement (BAS) is due for lodgement and payment by February 28th 2019. If you would like to discuss further …
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7 January 2019
Can I claim a lunch with a client as a tax deduction?
Provided the lunch is light and does not contain alcohol the answer is yes.Taxation Ruling IT 2675, states that the more elaborate the lunch becomes the more li…
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16 December 2018
Season's Greetings and Tax Tips
McNamara & Company would like to wish you and your family all the best for the festive season. We would also like to thank you for all of your support…
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15 December 2018
Are gifts to clients / customers tax deductible?
Generally speaking yes. If the gift is designed to:1. Promote and / or advertise your business;2. Generate goodwill between your busin…
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15 December 2018
Can I claim my Christmas party as a tax deduction and what are the fringe benefit tax implications?
Generally speaking, if a party / function is held off the employer's premises and the cost per head is less than $300 the cost will be exempt from Fringe Be…
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