Capitaleyes Latest Accounting News

It’s estimated we spend a third of our life at work. It may even be more if you run your own small business. From working overtime during the week to catching up on paperwork on the weekend, having enough time to get everything done is a challenge for most small businesses.
Read More

The government has released further details about the design of its payday super policy including an updated super guarantee charge framework. 
Read More

The draft legislation aims to modernise the luxury car tax by tightening the definition of a fuel-efficient vehicle and adjusting the indexation rate.
Read More

If you manage a self-managed superannuation fund (SMSF), recent changes to tax rules for certain fund expenses may affect you and the fund.
Read More

Recent results from the data-matching program identified issues around the reporting of rental income and claims for capital works and depreciating assets. 
Read More

Trade marks are a form of intellectual property protection your business can rely on to distinguish yourself from your competitors. Likewise, you can use trade marks to clearly differentiate your goods and services from your competitors.
Read More

It’s common for small businesses to struggle when understanding their financial data.  Cash flow needs and a Profit and Loss statement are analysed more often a business owner and so, understood better.  
Read More

The ATO is reminding businesses to lodge their tax payable payment annual report by 28 August after issuing around $9 million in penalties in the five years to 2023.  
Read More

The lower risk profile of small practices means they should not face the same scrutiny as larger ones, the NTAA says.
Read More

  The Tax Office will acquire property management records to clamp down on taxpayers misreporting rental income and deductions.
Read More

The Australian Securities and Investments Commission (ASIC) has issued a scam alert warning consumers that there has been an recent increase in the use of ASIC’s logo in social media scams. ASIC’s warning to consumers covers three main areas of concern.
Read More

The new financial year has begun, and with it have come some important changes to superannuation from 1 July 2024. With these changes coming into effect, it’s a good time to give your super a check-up.
Read More