Insights - Rogerson Kenny Business Accountants

26 Sep

A close-up of a stack of electronic devices, including a smartphone, a tablet, and a laptop. The smartphone is silver with a black screen, the tablet has a black cover, and the laptop has a black keyboard. All devices are placed on a light-colored surface, ready for any SMSF accountant to streamline their workflow.

Salary Sacrifice Arrangements for Electronic Portable Devices

The digital age is evolving, which means that technology such as laptops, tablets and mobile phones can be carried everywhere. Common items your employees use in their everyday life. As...

15 Mar

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Aerial view of a parking lot filled with rows of parked cars in various colors, illuminated by warm sunlight. The cars are neatly arranged, echoing the precision and orderliness you'd expect from a top Melbourne Accounting Firm handling your finances. The image captures both symmetry and efficiency perfectly.

GST and Depreciation Cost Limits for Motor Vehicles

This article considers the impact on depreciation and GST when purchasing a motor vehicle for your business. As a business owner you may be thinking of purchasing a motor vehicle...

12 Nov

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Four wooden blocks are lined up side by side on a wooden surface. Each block features a black house icon, with the houses decreasing in size from left to right. The background is a plain, muted light gray, symbolizing the detail-oriented approach of a Melbourne Accounting Firm offering precise tax advice.

Downsizer Contributions

From 1 July 2018, Australians aged 65 years of age or older are able to make a $300,000 “downsizer contribution” into their superannuation fund, per person, from the sale proceeds...

07 Sep

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Agency Relationship and GST on Disbursements – Legal Practices

It is common for legal practitioners to seek reimbursement for costs, in addition to the charge for services. However, the GST treatment of such reimbursements depends on the nature of...

06 Jul

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A businessperson and a construction worker shaking hands over a table with construction blueprints, a yellow hard hat, a tablet, and office supplies. Another person, possibly the tax accountant, is also visible, partially in frame, pointing at the blueprints.

Tax treatment of long-term construction contracts

The Commissioner of Taxation recently released a taxation ruling, TR 2018/3, which provides guidance on reporting profits derived and losses incurred from long-term construction contracts. While the understandings are not...

14 Mar

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Advantages and Disadvantages of Starting Up A Business

Advantages of starting up a business Advantages of starting your own small or medium business can include: - Being your own boss - You can make your own decisions, keep your...

27 Feb

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A laptop, desktop monitor, tablet, and smartphone display a website with the title "Successful online strategy." The background is gray, and other objects like a notebook, keyboard, mouse, mug, and USB drives appear to float around the devices. This scene highlights Melbourne Accounting Firm's expertise in SMSF Accountants.

Deductibility of expenditure on a commercial website

The ATO has released a public taxation ruling covering the ATO’s views on the deductibility of expenditure incurred in acquiring, developing, maintaining or modifying a website for use in the...

27 Feb

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A close-up of a person's hands working with financial documents. One hand is holding a pen, and the other is pressing buttons on a calculator. Nearby, there is a checkbook, coins, and notebooks on a wooden table. The scene suggests financial planning or budgeting with the guidance of SMSF Accountants.

Can a UPE be written off and claimed as a bad debt?

'UPE' (or 'unpaid present entitlement') arises where a trust makes a beneficiary entitled to an amount of the trust's income (and therefore the beneficiary may have to pay tax on...

30 May

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Three construction workers in a room being renovated. Two of them, wearing hard hats, look at a tablet and smile, possibly discussing plans with their Melbourne Accounting Firm. Meanwhile, the third worker in the background uses a drill on the wall. Tools and building materials are scattered around the workspace.

ATO focusing on repairs vs. improvements

The Australian Taxation Office is paying particular attention to claims that investment property owners make for repairs to rental properties. All clients should note repairs are deductible, improvements are not....

22 Apr

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A magnifying glass focuses on a notebook with the letters "GST TAX" on it. The notebook is on a desk among other items including a pair of glasses, sticky notes, a pen, a cup of coffee, and a small potted plant. This setup could belong to any tax accountant at a Melbourne accounting firm offering expert tax advice.

Business Finance 101: Claiming GST Credit

At Rogerson Kenny Business Accountants, we've put together a slideshow to explain the regulations surrounding tax invoice compliance for businesses. You can click through the slideshare, or scroll down to...

Insights : Business advice

Latest Business Insights

Salary Sacrifice Arrangements for Electronic Portable Devices

GST and Depreciation Cost Limits for Motor Vehicles

Downsizer Contributions

Agency Relationship and GST on Disbursements – Legal Practices

Tax treatment of long-term construction contracts

Advantages and Disadvantages of Starting Up A Business

Deductibility of expenditure on a commercial website

Can a UPE be written off and claimed as a bad debt?

ATO focusing on repairs vs. improvements

Business Finance 101: Claiming GST Credit

Buying a Business: Your essential guide.

We've created this valuable 10 step checklist to guide you through the initial stages of assessing a potential business opportunity