DENYING DEDUCTION for ATO INTEREST CHARGES 1 JULY 2025

Posted by Anna Han Willetts
On 22/06/2025

About this law change On 13 December 2023, as part of the 2023–24 Mid-Year Economic and Fiscal Outlook (MYEFO), the government announced it would amend the tax law to deny income tax deductions for ATO interest charges. This is now law. The law change applies in relation to assessments for income years starting on or after […]

The Second $66.1 bn Stimulus Package: What You Need To Know

Posted by Anna Han Willetts
On 24/03/2020

On 22th March 2020, the Government released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws. Federal Parliament passed both the stimulus measures on Monday 23 March […]

The Stimulus Package: What You Need To Know

Posted by Anna Han Willetts
On 17/03/2020

The yet to be legislated four part package focuses on business investment, sustaining employers and driving cash into the economy. For business Business investment Increase and extension of the instant asset write-off Accelerated depreciation deductions Cash flow assistance for small and medium sized business Tax-free payments up to $25,000 for employers Wage subsidy of up […]

Happy New Year from Achieve Accounting

Posted by Anna Han Willetts
On 31/12/2016

At Achieve Accounting – a Hornby accountant and tax agent, we provide cost effective Xero accounting solutions and tax expert services to small businesses, not just in Hornsby, Asquith, Mount Colah, Wahroonga, Waitara, Turramurra, Normanhurst but all over Sydney and national wide. 2016 has been a great year for us, we will continue to provide our best services in 2017. Happy […]

Cloud Accounting for Small Business

Posted by Anna Han Willetts
On 25/02/2015

Five ways cloud software benefits your business You have a clear overview of your current financial position, in real time. Multi-user access makes it easy to collaborate online with your team and advisors. Worry-free maintenance means you can spend more time doing what you love. Everything is run online, so there’s nothing to install and […]

Contractor or Employee?

Posted by Anna Han Willetts
On 25/02/2015

There are a number of factors that determine whether you are working as a contractor or as an employee. None of the following situations make you a contractor: you must have an ABN to work the work is only for a day or two you want to be a contractor everyone in the industry has […]

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