Blog

***Tax Return Checklist – 2015***

We have included the attached checklist to use when you send us your 2015 tax information. Please fill the checklist in and send it in with your paperwork (post, email or drop off). This will enable us to:

maximise deductions
process your return more efficiently; and
keep your details up to date.

Tax returns will not be […]

I am running a small business – do I really need to have a bookkeeper?

In short, YES!

A good bookkeeper will be able to provide a very important function for your business. It can be tempting for small business operators to try to skimp on bookkeeping costs by either DIY bookkeeping or not doing the books at all during the year. For a minority of very small businesses with […]

ATO correspondence and myGov accounts

The ATO has recently advised tax agents that they will be able to view some of their clients’ correspondence electronically towards the end of March ’15.

From late March 2015 if a client has linked the ATO to their myGov account, the ATO will begin sending most of their individual correspondence directly to their myGov […]

Claiming your Centrelink benefits – lodge before 30th June 2015

The ATO has recently reminded tax payers that those who want to claim family assistance payments for the 2014 financial year, must lodge a claim with the Department of Human Services (Centrelink) by 30 June 2015 to be eligible.

This deadline applies to clients who intend to lodge a claim for:

-          Family Tax Benefit

-          Child […]

Important information about your super (for businesses and employees)

All business owners, employees and self managed super fund trustees/members should benefit from the information below (employees & trustees/members of super funds, this is relevant for you to make sure you are receiving your super on time):

SUPER CUT OFF DATE

Super contributions for employees and employee/contractors MUST be paid before the super cut off date […]

To upgrade your bookkeeping software or not???

Who thinks they are ‘beating the system’ by not paying for bookkeeping software upgrades?? Think again!

New software comes with a cost, but it also comes with some major advantages. Upgraded payroll tax tables, electronic lodgement of payment summaries/annual payment summary report and contractor/subcontractor taxable payments reporting abilities.

The time involved in producing these calculations/reports/lodgements manually […]

ATO app for small business

The ATO has advised that they have updated their smartphone app so that clients can now access a range of tax and super advice any time, anywhere!

The app comes loaded with a range of tools including the ‘small business assist’ program, tools, calculators, answers to frequently asked questions, news and updates.

The app can be […]

Super Concessional Contribution Cap 2014/2015

We have heard unconfirmed rumours of the concessional contributions cap increasing from $25,000 per person per financial year to $30,000 from the 2014/2015 financial year. However, nothing official has come from the ATO as yet, we will keep you posted.

Please consult your financial planner (hopefully Cashmanagement!!) if this could be of benefit to you, […]

Welcome to our new website!!

ITS HERE.

Welcome to the new Cashmanagement website, we hope you enjoy the information presented on this website and the regular updates that we provide on our blog.

The purpose of the blog wont just be for updating you on the ‘interesting’ world of tax and accounting but we will also be keeping you up to […]