If you’re a company director, the Australian Taxation Office’s (ATO) October announcement about enforcement changes to Director Penalty Notices (DPNs) should be on your radar. With stricter rules in place, unresolved tax or superannuation obligations could now pose a...
The holiday season is fast approaching, and while you're gearing up for Christmas parties, Secret Santa, and festive cheer, there’s one gift you don’t want – an unexpected tax bill! Before you book that lavish office party or hand out employee gifts, let’s talk about...
Between the information that’s available online, what your friends and family tell you and the advice that is no longer relevant due to the ever changing laws, it can be genuinely difficult to determine whether your employee expenses are tax deductible or not. And, if...
The 2023/24 tax season is here and it’s time to submit your tax return. But with all the changes the ATO have introduced this past year, it’s hard to know what can and can’t be claimed this tax time. We’ve pulled together a comprehensive (and simple) list of the most...
Defined Benefit Superannuation (DBS) plays a crucial role in the financial lives of many Australian Police Officers and retirees. However, navigating the taxation complexities can be challenging, not only where the superannuation entitlements are large, but in fact...
Now that the 2023/24 financial year has ended, it's time for Australians to file their tax returns. Tax time can often be a stressful time of the year, but Nexis is here to help make it easy for you. We have compiled all the key information you need to know ahead of...
Meet Madelene Simoran, one of our Senior Accountants, who joined Nexis in May 2020 as part of our Philippines team. As a Senior Accountant, her role includes preparing tax returns for individuals, companies, trusts, partnerships, and self-managed super...
Meet Elrhy Suminguit, one of our Bookkeepers. Elrhy started with Nexis in June 2022 and works in our Philippine office. Elrhy’s role as bookkeeper involves bank reconciliations, checking and approving invoices, preparing monthly IAS and quarterly BAS’s, payroll...
In 2023, the Australian Taxation Office (ATO) announced it would change how non-charitable not-for-profits (NFPs) report income at the end of each financial year. From 1 July 2024 onwards, non-charitable NFPs with an active ABN are required to lodge a new annual...
Ensuring your business meets tax obligations is essential to avoiding penalties and being taxed correctly. Tax compliance can be overwhelming, especially when managing it as a business, so here are our top tips for those new to business… Management records Starting...
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