Monthly archives for January, 2015

PSI – Personal Services Income

by Jeff Banks

PSI – Personal Services Income

If you derive your income from your personal services or labour, deductions that you can claim may be limited. To find out whether PSI Legislation applies to you, please contact us on 1300 792 874.

Cash Basis or Accruals Basis

by Jeff Banks

Jeff explains the difference between Cash and Accruals basis and which one may be best for your company. For further advice and help in adopting either a cash or accruals basis, please contact us on 1300 792 874.

When is my December BAS due?

by Jeff Banks

Listen to Jeff speak about the extra extension provided by ATO during this Holiday Season for your BAS and Tax Return. However there will be no further extension that is usually accorded to us as tax agent for this period. We look forward to…

Welcome to 2015

by Jeff Banks

Welcome to 2015

There will be a couple of changes in how we do our tidbits and your access to our website. It will be easier to access answers to your questions in regards to your tax and business within the tidbits.  Listen to…

Are my gifts tax deductible?

by Jeff Banks

Are my gifts tax deductible?

Gifts to clients and staff need evidence to support your claim if used as deduction in Tax Returns. Potentially receipts are not enough. Listen to Jeff speak in detail in regards to this topic. Please contact us at Banks…