Meet Adam Douglass, who joined Nexis as a Tax Specialist and Manager in our Business Services team in July 2022. His best advice is: “Failing to plan is planning to fail – planning your key business decisions upfront where possible can...
Tax
5 things to know about cryptocurrencies and your SMSFÂ
In recent years, many Australians have been looking to invest their money and become financially independent. This has seen an increase in the number of self-managed super funds (SMSF) and investments in cryptocurrencies (crypto) such as Bitcoin or...
Meet Victoria
Meet Victoria, who joined Nexis as a Senior Accountant in September 2022. Her best advice to those new to the accounting world is to “listen to your client’s needs and create an offering that truly solves their problems rather than changing their idea of what...
Here’s everything you need to know about the changes to WFH deductions
The ATO has changed the way you claim work from home (WFH) deductions, starting from 1 July 2022. The Practical Compliance Guideline (PCG 2023/1) was finalised on 16 February 2023. The Guideline outlines the ATO’s post-COVID 19 approach to WFH tax deductions. Prior to...
Your relationship with your accountant should be one of the best you have
It’s Valentine’s Day, so you might be celebrating the relationships in your life: with your significant other, your friends, or your fluffy companion. But you might be overlooking other important connections, like your business relationships. Such as with your...
Everything small businesses need to know about claiming 120% deductions at tax time
The government is helping small and medium enterprises with an aggregated turnover of less than $50 million to reinvigorate their businesses after the effects of the pandemic. Announced in the 2022-23 Budget and still subject to law, the proposed investment boosts...
Here’s everything you need to know about the proposed changes to WFH deductions
The ATO is changing the way you claim work-from-home (WFH) deductions from the start of the 2022/23 financial year. The Practical Compliance Guideline (PCG 2022/D4) is currently in draft but was released for comment on 2 November and is open until 30 November. The...
There may be tax implications to the season’s festivities
‘Tis the season, but before you get carried away with the presents and Christmas parties, there may be some tax implications when it comes to the season’s frivolity. Are you aware that Fringe Tax Benefits (FBT) may actually apply to the fun you’ll have at your...
COVID-19 Tests for work are tax deductible
Throughout the COVID-19 pandemic, we have collectively adapted to a different way of life. Some of the biggest changes we have had to get across have been in the workplace – how we work, where we work, and when it comes to tax time, what we can and can’t claim. In all...
Get Your Accounts Ready for Tax Preparation Webinar
https://player.vimeo.com/video/729850351?h=2e4d2f0b63&dnt=1&app_id=122963 At a loss for what documents, statements or receipts you need to provide for your tax return? In this Nexis Business Chat, Jacklyn goes through what documents are needed to prepare...