The Queensland Building and Construction Commission (QBCC) recently announced that the framework for the Minimum Financial Requirement (MFR) would change for the quarter ending 31 December 2023 onwards. This change affects contractor licensees in the building and...
Nexis
Meet Kevin Magdadaro
Meet Kevin Magdadaro, one of our accountants, who started with Nexis in 2022 as part of our Philippines team. Kevin’s role involves preparing financial statements and tax returns for companies, individuals, trusts, and partnerships, as well as bookkeeping...
Meet Michelle Suwignjo
Meet Michelle Suwignjo, one of our newest graduate accountants, who started in the Nexis Canberra office in June 2023. Michelle supports the bookkeeping team preparing BAS and IAS, TPAR, STP finalisations, payroll tax, payroll and general bookkeeping tasks. We...
​​There may be tax implications to the season’s festivities​Â
‘Tis the season, but before you get carried away with presents and end of year parties, there may be tax implications when it comes to the season’s festivities. https://vimeo.com/886733323/56aad5ba66?share=copy Are you aware that fringe tax benefits (FBT)...
Is it time for a new accountant?
Were you left unsatisfied with your accountant after this year’s tax time? Was your tax return not quite what you were expecting? Has your business grown/evolved but your accountant’s approach hasn’t grown and evolved with it? Was your accounting firm once great, but...
Meet Louisa Lupari
Meet Louisa Lupari, one of our newest Graduate Accountants. Louisa started with our Nexis Canberra office in June 2023. Louisa’s role involves assisting with individual tax returns, helping clients navigate the tax system, minimising clients' tax liability and...
Superannuation funds: What’s the difference between them?
Whether it’s a self-managed super fund (SMSF), industry super fund or retail super fund, there is a lot to consider when choosing a super fund that’s right for you. So, what’s the difference between them? SMSFs SMSFs are managed by their members, who are either...
5 things to consider when starting a Self-Managed Super Fund
Managing your retirement savings through a self-managed super fund (SMSF) can be enticing. SMSFs have gained popularity in recent years because of the control in shaping your superannuation investments. As you contemplate this avenue, it's crucial to understand the...
Keep up to date with everything that changed during the 2022-23 tax year
The 2022-23 financial year has ended, and it’s time for Australians to file their tax returns. This past income year brought significant changes that could impact your tax return. Whether you’re preparing it yourself or seeking professional advice, staying informed...
Changes to taxation reporting requirements for non-charitable not-for-profits
The Australian Tax Office (ATO) is changing how non-charitable not-for-profits (NFPs) report income at the end of each financial year. About 70% of NFPs with an active Australian Business Number currently self-assess their income tax exemption each year. From the...