Walshs Blog
March 8, 2019

Scam warning from the ATO

Scammers have developed a different tactic over the New Year to impersonate the ATO. Perpetrators are using an ATO number to send SMS messages to taxpayers, asking them to click on a link and hand over their personal details. The…
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Walshs Blog
March 8, 2019

Tax traps the ATO is watching

The ATO often focuses on specific behaviours, characteristics and tax issues that are suspicious and can lead to investigations. Due to enhancements in technology, the ATO has expanded its data matching capabilities which have improved the ability to identify incorrect…
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Walshs Blog
March 8, 2019

Instant asset write-off for small businesses to be extended and increased

The Instant Asset Write-Off Scheme will be extended to 30 June 2020 for assets purchased under $25,000. The Instant Asset Write-Off affects small businesses with a turnover of up to $10 million a year. It allows business owners to immediately…
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Walshs Blog
March 8, 2019

Making the most of your depreciation claims

Depreciation schedules greatly aid your investment in property by helping to maximise on your tax deductions.o receive legitimate deductions, you will need a qualified person such as a quantity surveyor, project organiser or supervising architect to undertake an onsite inspection…
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Walk with Walshs
Walshs Blog
February 12, 2019

Walk with Walshs 2019 registrations are now open

Walk with Walshs 2019 registrations are open. Join Walshs Practice in supporting the Leukaemia Foundation on a two-day 55km guided hike through the Sunshine Coast Hinterland. You can register, donate or find out more about Walk with Walshs 2019 here.  Walshs’…
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Splitting super contributions
Walshs Blog
January 16, 2019

Splitting super contributions

Splitting super contributions between spouses can result in tax advantages that will help you grow your joint retirement nest egg.You must meet the eligibility requirements and follow tax rules to avoid incurring penalties from the ATO. Advantages of splitting super contributions…
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Super health check
Walshs Blog
January 10, 2019

Time for a super health check

 Retirement may seem like a far-off event, but your decisions now will determine how comfortable you are when you stop working.Checking that your finances are on track is vital to maximising your super, reaping tax benefits and giving your future…
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Walshs Blog
November 29, 2018

System overhauls for secure data

A breach in your security systems or failure to backup could jeopardise your business’ productivity and profitability. Every year you should take time to secure your data to prevent panic should your computer systems fail. The effectiveness of backups relies…
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Renewing your lease
Walshs Blog
November 20, 2018

Renewing your lease

Avoid leaving your business’ future in the dark by understanding your rights when your lease is up for renewal. A retail or commercial lease is a legally binding contract between a landlord and a tenant of a retail shop that allows…
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Small Business Superannuation Clearing House
Walshs Blog
October 29, 2018

ATO issues Small Business Superannuation Clearing House (SBSCH) reminder

The Australian Tax Office (ATO) is reminding employers using Small Business Superannuation Clearing House (SBSCH) to check their employee details are accurate when making payment. Submitting incorrect employee details can risk their super fund rejecting your payment and returning the amount…
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