Latest News

Latest News 2017-11-29T12:31:49+00:00

Cone of Silence Lifted – Mandatory data breach notification laws to take effect

On 22 February, new laws will require businesses who suffer data breaches to notify both the government and their customers / clients.  The consequences of a notification could be extremely damaging to businesses, and it is therefore imperative to understand the rules and to take action to protect yourself! Author Thomas Aitkenhead [...]

By | January 30th, 2018|Categories: Business Management, General News, Tax Saving|

Personal Services Income

Personal services income (PSI) is income produced mainly from your personal skills or efforts as an individual, other than from salary and wages. Income is classified as PSI when more than 50% of the amount you received for a contract was for your labour, skills or expertise. Author Renee Murray [...]

By | January 29th, 2018|Categories: Business Management, General News, Tax Saving|

5 minutes with….. Chris Stone

Chris is an Accountant at Hoffman Kelly and has worked here for just under a year. We asked him to tell us in his own words what a few of his favourite things are, past experiences and what life is like at Hoffman Kelly. How long have you worked at Hoffman Kelly and what brought you [...]

By | January 29th, 2018|Categories: 5 Minutes with.......|

Purchasing New Residential Property? These Changes Could Affect You

The Federal Government announced, as part of the 2017/2018 Budget their desire to strengthen compliance of the GST Act on property transactions due to the view that some developers are failing to remit GST to the ATO. The changes would apply to purchasers of new residential premises and land in new subdivisions, whereby the purchaser will [...]

By | December 4th, 2017|Categories: Business Management, General News, Tax Saving|

Lease Incentives and Their Tax Implications

With the commercial leasing market becoming increasingly competitive and supply often exceeding demand, it is becoming common place in many areas for landlords to offer incentives in order to secure tenants. Various incentives are offered to help entice potential tenants, such as rent free or discounted periods, free fitouts or contributions, covering of relocation costs [...]

By | December 1st, 2017|Categories: Business Management, General News, Tax Saving|

5 minutes with….. Hayley Nixon

Hayley is an Accountant at Hoffman Kelly and has worked here for 2 years. We asked her to tell us in her own words what a few of her favourite things are, past experiences and what life is like at Hoffman Kelly. How long have you worked at Hoffman Kelly and what brought you to that [...]

By | November 28th, 2017|Categories: 5 Minutes with.......|

5 minutes with….. Amelia McMullan

Amelia is an Accountant at Hoffman Kelly and has worked here for 2 years. We asked her to tell us in her own words what a few of her favourite things are, past experiences and what life is like at Hoffman Kelly. How long have you worked at Hoffman Kelly and what brought you to that [...]

By | October 19th, 2017|Categories: 5 Minutes with.......|

New Depreciation rules that will affect everyone

In this year’s budget, Treasurer Scott Morrison announced some surprising changes to investment property tax rules that are going to affect many current and future property investors, and those who sell dwellings to these investors. Travel allowances were attacked as well as changes to depreciation rules on what can and can’t be depreciated on investment [...]

By | October 10th, 2017|Categories: Business Management, General News, Tax Saving|