Accounting

Blog tagged as Accounting

Government superannuation contributions to be added to paid parental leave   

In an initiative to promote women’s economic equality, the Labor government has announced plans to pay superannuation on paid parental leave (PPL) for government-funded payments from 1 July 2025.

RBizz Team

06/04/2024 03:09 PM - Comment(s)

The ABCs of bookkeeping

Why is good bookkeeping so vital for your financial management? We’ve got some top hacks for maximising your bookkeeping, and the options for outsourcing this job to the professionals.

RBizz Team

05/04/2024 05:04 PM - Comment(s)

Are you hiring the best talent for your business culture?

Are you hiring the best talent for your business culture? We’ve summarised 5 ways to make sure your next hire is a perfect fit for the business.

RBizz Team

04/04/2024 03:35 PM - Comment(s)

Your guide to claiming working from home expenses for 2023–24 income year

Tax time 2024 is fast approaching and with many individuals still working from home partially or completely, this quick guide can assist you with completing the calculations for claiming the deduction.

RBizz Team

28/03/2024 02:52 PM - Comment(s)

Review your business expenses – and save

Need to cut your business expenses? We’ll review your current costs, find the expenses that could be cut, and will provide a proactive spend management programme to reduce your spending.

RBizz Team

03/02/2024 05:10 PM - Comment(s)

Changes proposed for DGR status and charitable giving rules

The Productivity Commission released a draft report reviewing philanthropic giving in Australia and recommending various reforms

RBizz Team

19/01/2024 02:34 PM - Comment(s)

Payroll tax updates for medical practices

Given the high risk of payroll tax audits across the medical and allied health industry, organisations must understand and adapt to the changing payroll tax landscape.

RBizz Team

28/11/2023 04:04 PM - Comment(s)

Indentify the relevant depreciating asset - ATO's guidance on composite items

The ATO released draft TR 2023/D2 which provides guidance on whether an asset that is made up of a number of parts or components (composite item) is itself a depreciating asset, or whether one or more of its components are separate depreciating assets.

RBizz Team

16/11/2023 04:05 PM - Comment(s)

The ATO agent nomination process

Wondering about the ATO agent nomination process? If you are an existing client, you may not need to do anything. If you are a new client we'll send you information about the steps required to link to us.

RBizz Team

30/10/2023 04:15 PM - Comment(s)

Outstanding tax debts? ATO warns about disclosure to CRAs

The ATO is warning businesses to engage with their tax and super obligations to avoid having their debts disclosed to credit reporting agencies (CRAs).

RBizz Team

18/10/2023 03:26 PM - Comment(s)

ATO finalises guidance on the deductibility of costs relating to holding vacant land

The ATO has finalised the taxation ruling TR 2023/3, which provides guidance on the deductibility of expenses associated with holding vacant land.

RBizz Team

29/09/2023 03:36 PM - Comment(s)

Small Business Instant Asset Write-Off This Financial Year

Are you looking to purchase assets for your business? Eligible businesses can spend up to $20k per asset and immediately claim the tax deduction and GST. Talk to us about the best strategy for purchasing business assets.

RBizz Team

30/08/2023 01:37 PM - Comment(s)

Principal purpose of a commercial vehicle to determine application of Luxury car tax

The ATO has finalised the luxury car tax (LCT) determination LCTD 2023/1 which provides guidance on determining the principal purpose of a commercial vehicle for LCT purposes.

RBizz Team

14/08/2023 02:00 PM - Comment(s)

Claiming your bonus deduction for technology investment in the 2022–23 tax return

The small business technology investment boost wrapped up on 30 June 2023. For your 2022–23 tax return, we will be working with you to ensure you get the full bonus deduction that you are entitled to. Work through your next steps here.

RBizz Team

18/07/2023 02:13 PM - Comment(s)

Fringe Benefits Tax and Business

Do you offer your employees benefits in addition to salary and wages? If so, you may need to report FBT. Fringe benefits can help employees reduce their taxable income but you need to take care of the admin. Get in contact to learn more.

RBizz Team

20/06/2023 05:06 PM - Comment(s)

Avoiding Compliance Issues with the ATO: Common Mistakes for Doctors Running Businesses through Companies or Trusts

Discover common compliance issues faced by doctors running businesses through companies or trusts and learn how to avoid them. Stay compliant with the ATO to ensure smooth operations and financial success.

RBizz Team

20/06/2023 03:38 PM - Comment(s)

Lump sum payment in arrears to be exempt from Medicare levy

Lump sum payments in arrears may get an exemption from Medicare levy in limited situations.

RBizz Team

04/06/2023 05:02 PM - Comment(s)

New Rules for Working from Home Expenses

Working from home? Are you claiming your expenses on your tax return? There are 2 methods available to calculate your WFH claim.

RBizz Team

17/04/2023 02:06 PM - Comment(s)

ATO scrutiny on family trust and s 100A arrangements

The ATO has finalised a major tax ruling about when distributions from family trusts may be caught by anti-avoidance tax laws. Make sure you are doing the right thing now and in the future.

RBizz Team

07/02/2023 05:42 PM - Comment(s)

Paid Family and Domestic Violence Leave – New Entitlement Rules

As of 1st Feb, Paid Family and Domestic Violence Leave is a paid leave entitlement for employees of larger employers, and from 1 Aug 23 for employees of small employers. Talk to us to plan for changes to payroll provisions and costs.

RBizz Team

03/02/2023 03:30 PM - Comment(s)

Chartered Accountants Australia and New Zealand

American Institute of Certified Public Accountants CPAs.

Institute of Chartered Accountants of India.

Australian Securities and Investments Commission.

Partner with

MYOB essential cloud accounting software.

QuickBooks ProAdvisor Certificate. — QB ProAdvisor

What do our happy customers say about us?

Success Stories

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RBizz Solutions handled restructuring of our medical practice business very innovatively, efficiently and accurately. They professionally planned and executed all accounting and compliance processes. I found them responsive, proactive and caring. Their systems are advanced, established and efficient in producing meaningful reports. They highlight current and possible challenges in regular discussions and advise in an easy to understand manner. I am confident tin recommending their business accounting serviced to other businesses.

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