Latest News

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

Alert: Property Developers – Preparing for new GST withholding regime

Treasury Laws Amendment (2018 Measures No. 1) Bill 2018 received royal assent on 29 March 2018, flagging the start of a new GST withholding system significantly changing the way developers remit GST from 1 July 2018. Author Michael Kerwin Why? Treasury assessed, that through illegal phoenix activities in [...]

By | April 16th, 2018|Categories: Business Management, General News, Tax Saving|

2017/18 SME Research Report

SMEs are the lifeblood of the economy, and there are more than 2 million actively trading businesses in Australia. We have collaborated with Bstar to bring you this SME Research Report. The Report provides insights into the opinions and concerns of business owners, and explains how SMEs are surviving and thriving. If you would like [...]

By | February 27th, 2018|Categories: General News|

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.......|