The Latest Accounting News
PRESENTED BY SOLUTION IN
Search

Solution In ACT
- Apr 26
- 3 min
A Business Owner's Guide to Surviving an Audit.
Most business owners dread the idea of having to deal with an audit. They are both time consuming and costly events for any business,...
15 views0 comments

Solution In ACT
- Apr 11
- 1 min
Superannuation Update: Removal of the $450 per month threshold Super guarantee eligibility
The Australian Government announce in the 2021-22 federal Budget that it would remove the $450 per month threshold in order to expand...
10 views0 comments

Solution In ACT
- Mar 30
- 3 min
5 Ways Accountants Help Business Owners Make Smarter Business Decisions
Many entrepreneurs do not realise that starting your own business means you’d have to deal with its downfalls. Surprisingly, most...
56 views0 comments

Solution In ACT
- Mar 17
- 1 min
Is food and drink entertainment for Non Profit Organisations?
What is entertainment? Providing entertainment means: providing entertainment by way of food, drink or recreation providing accommodation...
16 views0 comments

Solution In ACT
- Feb 23
- 3 min
Audit Insurance and why your business needs it!
The Australian Taxation Office (ATO) as well as several State and Federal Government agencies are increasingly carrying out random tax...
38 views0 comments

Solution In ACT
- Feb 11
- 2 min
What you need to know about receiving an Inheritance and how Capital Gains Tax may apply.
According to the Australian Tax Law, Capital Gains Tax (CGT) does not apply if a beneficiary inherits a dwelling (or any asset in the...
22 views0 comments

Solution In ACT
- Dec 14, 2021
- 2 min
Is my office Christmas party tax deductible?
Is my office Christmas party tax deductible? Tis the season to be jolly! And think about fringe benefit tax!! Oh just us? With Christmas...
19 views0 comments

Solution In ACT
- Nov 25, 2021
- 2 min
Is Your Small Business Eligible for a $10,000 Reimbursement?
Overview The ACT government has engaged in a Covid-19 Hardship Scheme, to help small Canberra businesses that’ve been negatively impacted...
15 views0 comments

Solution In ACT
- Nov 22, 2021
- 2 min
Reminder: Superannuation Changes for New Employees
From the 1st of November 2021, you will be required to complete an additional step if you have new employees who start that have not...
37 views0 comments

Solution In ACT
- Nov 8, 2021
- 1 min
Important Update for Business Directors: Director ID’s are now Required!
All directors or individuals who intend to become directors will now need to apply for a Director Identification Number (DIN) via the...
40 views0 comments

Solution In ACT
- Sep 23, 2021
- 2 min
Super Choice Rules will Change from 1 November
From the 1st of November 2021, you will have to complete an additional step to take if you have new employees who start and that have not...
11 views0 comments

Solution In ACT
- Aug 26, 2021
- 5 min
What you need to know about the Business Support Grant - Part 2 - Non-employing Businesses
The Solution In team has summarised the guidelines of the ACT Governments recently announced COVID-19 Business Support Grant so that you...
24 views0 comments

Solution In ACT
- Aug 26, 2021
- 5 min
What you need to know about the COVID Business Support Grant - Part 1 - Employing Businesses
The Solution In team has summarised the ACT Governments recently announced COVID-19 Business Support Grant so that you can see what you...
28 views0 comments

Solution In ACT
- Aug 16, 2021
- 1 min
Solution In Lockdown Update
Following the ACT Government's announcement of a snap lockdown, our office will be temporarily closed from 13th August until the lockdown...
28 views0 comments

Solution In ACT
- Jul 6, 2021
- 1 min
Have you invested in cryptocurrency or NFTs?
Over the past few years we have seen a boom in the investing and trading of cryptocurrency (crypto) and Non-Fungible Tokens (NFT's). In...
31 views0 comments

Solution In ACT
- Jun 29, 2021
- 1 min
The Superannuation Rate is Rising on July 1st - here's what you need to know!
Superannuation is set to increase from 9.5% to 10% on July 1st 2021. For salary and wage payments made on or after 1st July 2021, the...
20 views0 comments

Solution In ACT
- Jun 21, 2021
- 3 min
2 Ways to Access your Income Statement.
An income statement is the document prepared by your employers where you can see your income for the financial year. An income statement...
190 views0 comments

Solution In ACT
- Jun 15, 2021
- 2 min
5 Benefits of Using a Tax Agent this Tax Season
As the financial year comes to a close on the 30th of June and the tax season begins, you may be questioning whether you want to complete...
35 views0 comments

Solution In ACT
- May 18, 2021
- 2 min
Getting Perks and Reducing the Tax you Pay – Fringe Benefits
If you want to reduce your taxable income while enjoying job perks, Fringe benefits is your answer. Fringe benefits are the “extra”...
27 views0 comments

Solution In ACT
- May 10, 2021
- 2 min
4 Essential GST and BAS Tips for Businesses
GST (Goods and Services Tax) and BAS (Business Activity Statement) are two important components when managing your business and its...
68 views0 comments