Phone: (03) 9563 4688


Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
Tax Office sounds alarm on popular property strategy
Our Advent calendar for 2018
‘Please do not panic’: ATO boss addresses STP concerns
Stop!! Don't do a paper Budget, use our online budgeting tools instead.
Employee Christmas Parties and Gifts – Any FBT?
Behavioural Coaching and your financial plans
FBT – Christmas Parties and Taxi Fares
Information needed to be the BBQ expert.
Tax consequences of trust vesting
Fringe Benefits Tax (FBT): employees’ private use of vehicles
ATO to contact clients over bank details
ATO claws back $850m in unpaid SG in FY 17-18
Appetite for property in SMSFs shows signs of life despite tough market
Superannuation gender gap narrowing, research shows
Identification numbers for directors
How financial advice helps create wealth.
Australia's vital statistics
Unlocking equity crowdfunding in Australia
$20m boost for SME clients looking to exporting
Work-Related Expenses
ATO updates crypto guidance
ATO zones in on hundreds of newly created reserves
Senate passes $20,000 instant asset write-off extension
Victorian Vacant Property Tax
Director Penalty Notices
ATO set to pounce on undisclosed income streams
In case you missed it – The company tax Bill that did pass Parliament.
GST spotlight headed to smaller end of town
Superannuation Amnesty – Maybe! Maybe Not!
ATO drills in car-sharing focus this tax time
Articles archive
Quarter 3 July - September 2018
Quarter 2 April - June 2018
Quarter 1 January - March 2018
Quarter 4 October - December 2017
Quarter 3 July - September 2017
Quarter 2 April - June 2017
Quarter 1 January - March 2017
Quarter 4 October - December 2016
Quarter 3 July - September 2016
Quarter 2 April - June 2016
Quarter 1 January - March 2016
Quarter 4 October - December 2015
Quarter 3 July - September 2015
Quarter 2 April - June 2015
Quarter 1 January - March 2015
Quarter 4 October - December 2014
Quarter 3 July - September 2014
Quarter 2 April - June 2014
Quarter 1 January - March 2014
Quarter 4 October - December 2013
Quarter 3 July - September 2013
Quarter 2 April - June 2013
Quarter 1 January - March 2013
Quarter 4 October - December 2012
Quarter 3 July - September 2012
Quarter 2 April - June 2012
Quarter 1 January - March 2012
Quarter 4 October - December 2011
Quarter 3 July - September 2011
Quarter 2 April - June 2011
Quarter 1 January - March 2011
Quarter 4 October - December 2010
Quarter 3 July - September 2010
Quarter 2 April - June 2010
Quarter 1 January - March 2010
Quarter 4 October - December 2009
Quarter 3 July - September 2009
Quarter 2 April - June 2009
Quarter 1 January - March 2009
Quarter 4 October - December 2008
Quarter 3 July - September 2008
Quarter 2 April - June 2008
Quarter 1 January - March 2008
Quarter 4 October - December 2007
Quarter 2 April - June 2007
Quarter 1 January - March 2007
Quarter 2 April - June 2006
Quarter 1 January - March 2006
Quarter 4 October - December 2005
Quarter 3 July - September 2005
Quarter 2 of 2012
Last-minute super contributions
ATO reporting requirements for builders and contractors
Pitfalls of 'late' super payment
Important - Private Health Insurance Rebate - 2012-13
Tax Time checklist - Company, Trust or Partnership - 2012
Tax time checklist - Superannuation Fund - 2012
Tax time checklist - Individuals - 2012
GST Change of Use Continuing Obligations
What is 'lost' Super?
Small Business CGT Concessions
GST Private Use Continuing Obligations

April\May 2011 Newsletter

Federal Budget 2012 - 2013  -  At a Glance
Federal Budget 2012-13  -  Overview
Federal Budget 2012 - 2013
More Pressure on SME's
Who will pay the unexpected FBT?
Carbon tax to commence on 1 July 2012
Government Set on Countering Phoenix Activities

MARCH 2012


Hello to all


This month we have some interesting articles for your information –


The “Power” principle appears to have been suggested to the ATO; it seems a bit like the norm of “innocent until proven otherwise” has been put aside. Now the ATO is attempting to hold refunds on the basis that “the return does not look quite right”.

I would have thought that maybe attached to the refund a notice listing queries or questions in regard to a particular return, with a 10 – 14 day reply deadline, would be more prudent..


All employers need to understand and accept that Employee Superannuation is a “must pay” employment expense. By the time penalties and interest are paid following audit, is it really worth it?


Be aware of any contracts you sign – that is the message – as you may put yourself in harms way where possibly tax avoidance is suggested. The legislation is yet to pass, but is applicable now.

What the exact legislation is and how it applies nobody knows – but it is effective now. I think something is not quite right – Yes…….No…….


Rental Property Deductions – be careful and keep good records. Consult professionals when thinking of investment renovation, or build. Keep GST in mind as it may be applicable.

Ed Chan (Chan & Naylor) has some advice.

We follow this with some tips regarding subdivision.


Is your employee an “employee” or a “contractor”?  As an employer or an employee, you must clarify which you are, to ensure that income and taxation calculations are correct.


“Data Matching” is becoming a very useful tool for the ATO. Now covering many SME’s and spreading further, and coupled with the “Industry Benchmarks” released earlier, the ATO is able to discover anomalies far more easily than before.


Just a note to all who have yet to see us for the 2011 tax year – 15 May 2012 – that’s the deadline; please ensure that you make an appointment, giving us time to complete and lodge your return(s).


Enjoy the coming break.


George Psiakis, George Carydias, and John Clarke.


Included in this March communiqué – 

Tax experts say new draft legislation allows ATO to withhold refunds unfairly, Patrick Stafford – Smartcompany - Link Here 

ATO plans crackdown on super-dodging micro employers, Michelle Hammond - Link Here 

Be careful what you sign, sign”: Businesses warned to seek advice on new contracts after Arbib sneaks through vague new tax avoidance provisions, Patrick Stafford - Smartcompany - Link Here 

The Tax Office has property investors in its sights, Ed Chan - Chan and Naylor - Link Here 

Subdivision can make you money, but there is a lot of potential for costly mistakes, Jo Chivers - Property Bloom - Link Here 

Employee v contractor a crucial distinction for workers, Taxpayers Australia Inc, Tax E-news - Link Here 

Tax and super cheats targeted by ATO’s improved Technology, Taxpayers Australia Inc, Tax E-news - Link Here