From 1 July 2021, superannuation guarantee changes were to increase incrementally each year to reach 12% by the 1 July 2027 – 30 June 2028 financial year. This means that on 1 July 2022, the SG changes will apply to your business for the 2022-23 financial year,...
Stay up to date with our upcoming webinarsIt’s almost tax time! To help get you ready for payroll tax time and to help get your accounts ready for tax, we have a couple of webinars scheduled. Please see details below, and register to join.Year-End Payroll Finalisation...
Meet Shinda, who has just celebrated his one-year anniversary with the Nexis team. Shinda brings over 15 years’ worth of experience and knowledge about the industry to the team and is now managing a fabulous team of four. His best accounting and business advice is to...
Ensuring your business meets tax obligations is essential to avoiding penalties and being taxed correctly. Tax compliance can be overwhelming, especially when managing it as a business, so here are our top tips for those new to business… Management records Starting...
The 2022 Fringe Benefits Tax (FBT) year has just ended. For all business vehicles of which there was private use you should record: Closing odometer reading on 31 March 2022 Car make, model, and registration details FBT Questionnaire We have developed a questionnaire...
The Australian Taxation Office (ATO) has released a package of draft advice and guidance that sets out tax treatment of: Trust entitlements arising out of reimbursement agreements Unpaid present entitlements of trust beneficiaries What does this mean? This important...
Not-for-profit (NFP) organisations can use the Fringe Benefits Tax (FBT) concessions to provide tax advantaged salaries to their employees. The FBT Concessions are essential in allowing NFPs to be able to provide services sustainably. FBT Concessions Some FBT...
It’s Valentine’s Day, so you might be celebrating the relationships in your life: with your significant other, your friends, or your fluffy companion. But you might be overlooking other important connections, like your business relationships. Such as with your...
Meet Brayden, our newest Accountant here at Nexis. After 7 months working with us, Brayden has brought a fresh and new perspective on age-old tax organisation strategies. As an Accountant, his best piece of advice for clients is to identify what their business’ most...
Once upon a time, Accountants could just do their 60 hour work weeks absorbed in Excel and hand written ledgers. While for some businesses that’s still the norm, the world is changing – and so are expectations. Excel, TechOne, financial statements, tax, CA/CPA...
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