Latest News
Taxable Payments Annual Report
As part of the Australian Taxation Office's crack down on the Building and Construction industry all businesses within the industry that pay other businesses as contractors or subcontractors directly, must lodge an annual taxable payments report by 28 August each year.
Continue ReadingWhy are Self Managed Super Funds so Popular?
In today's economic climate, planning for the future is more important than ever. Australia has a growing ageing population and we are living longer than ever before which requires practical investment choices and forward-thinking.
Continue ReadingTax Planning Considerations for Small Business Owners
Are you a small business owner? At GMD Accounting, we work with our clients to make tax a stress-free and seamless process. As an extension to this, we have put together a few of our top planning considerations for small business owners prior to 30 June, 2015.
Continue ReadingAudit Insurance Offer
As ATO audit activity increases across the country we at GMD Chartered Accountants are proud to now offer Audit Insurance to all clients seeking to protect themselves against unwanted costs surrounding reviews and audits from the tax office.
Continue ReadingInvestment Properties in ATO sights
The Australian Taxation Office is targeting investment property owners in it's latest crack down on incorrect tax reporting.
Continue ReadingInvestment loan interest
While it is generally understood that interest paid on loans for investments such as shares and rental properties is deductible, there are many other common scenarios where the ability to claim deductions for interest are not so clear-cut.
Continue ReadingArms Length Rules - SMSF
A key concept that all Superannuation Fund Trustees should be aware of is the Arms Length Rules.
Continue ReadingWork related car expenses
Clients often ask our experts a range of tax and accounting questions. One popular question this tax season has been from individuals seeking advice in relation to when and how they can claim work related motor vehicle deductions in their personal income tax returns.
Continue Reading