Category Archive for: ‘6.2 – Updates’

The last six weeks have been significant for Isaacs & Cole in terms of recruitment. First up, as we’ve mentioned, Catherine Reynolds joins us as of Head of Business Advisory. We look forward to introducing her to our business clients over the coming months to identify how she can add value to your organisation. We also welcomed Fred Monteiro to …

– Catherine Reynolds Before anything else, I’d like to acknowledge that Isaacs & Cole is no newcomer to providing outstanding guidance and support to business clients. Over the years the firm has enabled many businesses to grow and thrive through their advice and active engagement with business owners. I’ve spent the last 20 years working with businesses of all sizes, …

– Rebecca Collins Most of us have engaged in strategic planning for our business or career at one time or another, but have you applied these same principles to your personal affairs and goals? Have you really considered where you want to be in five, ten or even 20 years? And most important, are you on track to achieve your …

– Catherine White The beginning of the financial year is always an exciting time for accountants as it represents a blank canvas in terms of planning for the year ahead. This year we have upwards of 1,500 income tax returns to lodge on behalf of our clients, so we’ve already been busy scheduling these to ensure you continue to enjoy …

The legislation to repeal the Minerals Resource Rent Tax passed the Senate today along with a series of concessions funded by the mining tax. Many of the small business related measures were repealed, without amendment. These include: The company loss carry back rules The instant asset write off threshold of $6,500 under the simplified depreciation rules Accelerated deduction of $5,000 …

ASIC have released a new app which will assist small business owners in undertaking a due diligence process in respect of potential trading partners. Click here to read more about this and access the app.  

Understanding money and finances in order to make informed and effective financial decisions is an essential skill in today’s world. This year the Chartered Accountants Australia and New Zealand is a proud partner of MoneySmart Week – a government supported initiative encouraging all Australians to take a closer look at their everyday money management. The MoneySmartWeek website contains some handy …

With the first month of the new financial year underway, you would be receiving the various year-end tax records required to complete your 2014 income tax return. To assist you in compiling and organising your 2014 tax records, please click here to view our 2014 individual income tax return checklist. For those of you expecting an income tax refund upon …

The ATO has warned the net is closing in on individuals with undisclosed offshore income and assets. Deputy Commissioner Michael Cranston has advised that the ATO has ramped up its efforts to identify offshore tax evaders by mining data from overseas tax authorities and financial institutions. This information will be used to encourage people to disclose under Project DO IT, …

If you operate in the building and construction industry and you pay contractors for building and construction services, you need to report those payments to the ATO on the Taxable Payments Annual Report each year by 21 July of the year following. If you use book-keeping software such as MYOB or Xero in your business, it is possible to generate …