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Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
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
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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
What is Bankruptcy?
Update of Australia's vital statistics
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ATO’s corporate residency guidance cops backlash
ATO dispels top tax time myths to clients as clampdown rolls out
Tools for budgeting, cash flow, Super and more ….
Guidance for SMSFs on transfer balance reporting
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Articles
FBT – Christmas Parties and Taxi Fares
Hiring older employees
Deadline - 19th December 2014
Traps in Making Family Trust Distributions
Data matching offshore bank accounts
Estate planning in an SMSF.
Maximising the benefit of Credit Cards
Warning on Bank Offset Accounts
Mining tax gone but watch for associated tax changes
Maximising the benefit of Credit Cards

 

If you have a credit with interest free days, then make it work for you.


     

Know the cut off date (the end of each months transactions) and then delay, if you can, some charges on the card until after that date.  This might mean paying the utility account a bit later.  Doing so will give you an extra month to pay.


Paying the full amount stated on a credit card statement by the due date means no interest is paid on those transactions – excludes cash advances.  Do the same every month.  Being late will be very costly, so ensure your payment is received in time.


Obtaining a card that has a 0% or a very low interest rate for several months is a very good way to minimise interest, but you should pay the amount off if you can.  Rolling this amount to a new card (0% or very low % interest rate – balance transfers for example) after this period is also a good idea, if you find another bank to take on your credit.


 


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21st-October-2014