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...
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...
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, 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...
‘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)...
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