Wednesday, January 19, 2022
News & Updates
    Accounting, Accounts  cash, money 
Simplified depreciation rules for small business
July 29, 2013 

If you need to buy depreciating assets in your business – computers, machinery, cars, etc., - then the new rules that came into effect on 1 July 2012 provide some significant tax advantages for businesses with turnover of less than $2 million.

Expanding our horizons!
Click on the link to find out just how you can stay in touch.

The Guide to activity statements (BAS)
An overview...

Are you being paid enough super?
The employee superannuation guarantee (SG) calculator tool is designed to help you determine whether you are eligible for SG contributions, and whether your employer is paying the correct amount.

Scams target everyone

That surprise lottery win in the mail, the email from your bank asking for ... these can be fronts for scams. ( more...)

Scams target everyone

This article is reprinted with the permission of the Australasian Consumer Fraud Taskforce. You may want to bring it to the attention of your clients

That surprise lottery win in the mail, the email from your bank asking for your personal information, the 'amazing' share offer over the phone - all these can be fronts for scams. Scams have a devastating financial and emotional impact on Australian consumers. They target everyone. Tens of thousands of Australians, regardless of background, age and income continue to fall prey to scammers and lose hundreds of millions of dollars every year.

'Scams are designed to trick you into giving away your money or your personal details', said Louise Sylvan, Chair of the Australasian Consumer Fraud Taskforce speaking on the occasion of this year's Fraud Fortnight.

Scams succeed because they look like the real thing. Many scammers approach you out of the blue pretending to be legitimate banks or businesses. Genuine organisations don't usually contact you out of the blue and ask for passwords or account numbers. 'If this happens, don't respond', Ms Sylvan said.

Most scams originate from outside Australia and once money is sent overseas it is virtually impossible to recover. This is why education and prevention strategies are currently the most effective way to deal with scams.

Consumers are encouraged to report scams, scammers and fakes to the federal government's SCAMwatch

website  or phone 1300 795 995.


More information about scams can be found in

The Little Black Book of Scams

published by the Australian Competition and Consumer Commission, phone 1300 302 502 or visit their website

Fraud Fortnight is an initiative of the Australasian Consumer

Fraud Taskforce, which seeks to increase the level of scam awareness in the community, and educate consumers to protect themselves from scams. Now in its third year, the taskforce is made up of representatives from government agencies and features a diverse range of members from across Australia and New Zealand, including government and non‑government agencies, community members, and private sector organisations.