NEWS

News and Tips from Stellar Accounts

Tax Deductions on an Investment Property

Do you want to make sure that you’re claiming all possible tax deductions on an investment property? At Stellar Accounts we specialise in rental property and Airbnb tax returns at an affordable fixed price – $175 or $280 if you have a joint investment property with another person. Plus, no matter where you are in…

Small Business Tax Deductions

Are you in the dark about what small business tax deductions you might be eligible for? Stellar Accounts is here to help change that; we make business accounting easy whether you’re a sole trader or running a company with multiple staff, and no matter where you are based in Australia. So, what tax deductions can…

Business Structures and Types – Everything you need to know

Sole traders, companies, partnerships and trusts – there are many Business Structure Types and we’re going to tell you everything you need to know about them. If you’re unsure which one will work best for you, keep reading below, or come see us at Stellar Accounts and we’ll help work out the best structure for…

Investment Properties and Capital Gains Tax

It’s time to talk about a topic that can confuse people – investment properties and capital gains tax. But don’t worry, Stellar Accounts are here to help as your investment property and capital gains tax accountants. To find out more keep reading below, call 0428 887 104 or submit an online inquiry here. What is Capital…

How to Claim Home Office Expenses

Running your own business is complicated enough without worrying about how to claim home office expenses. Well Stellar Accounts are here to make it easy for you, and hopefully save you some money when you’re running a home business. To find out more about how we can help with your home office expenses, keep reading…

How does Single Touch Payroll Affect Me?

How it Impacts the Employer’s Payroll Process Single Touch Payroll will entirely change how all businesses report their activity to the Australian Tax Office. With Single Touch Payroll, businesses will report their payroll activity digitally after every payday instead of once every year. Previously with the former payroll reporting method, employers would send a payment…

Single Touch Payroll: What Is It?

As an employer, your business is responsible for taking proper measures to report tax information to the ATO. This includes your payroll information, as well as employee earnings and super information. Single Touch Payroll provides distinct advantages and new processes. So it’s vital to ensure your business follows an established system. Keep in mind that…

10 Main Benefits of Using a Registered Tax Accountant You Probably Didn’t Consider

Tax time can be an especially trying time for small businesses. While you’re worrying about compliance and deadlines, you still have other pressing business matters to focus on. A registered tax accountant can alleviate some of this stress. At Stellar Accounts, we can also provide your business with a variety of other benefits. Benefits of…

What does a Bookkeeper do? All Your Questions Answered

Bookkeeping involves a lot of moving parts and components along with financial analysis and critical thinking. It’s an ever-growing career path, with as much problem-solving and unending work as you could ever imagine. Bookkeeping is vitally important to maintaining and successfully progressing your business in today’s market. Today, I’ll be going more into detail about…

Investment Property Taxation Melbourne, Sydney, Brisbane

Investment properties can easily become a minefield of facts and figures, but never fear Stellar Accounts is here to help with investment property taxation advice Melbourne, Sydney, Brisbane. Investment Property and Tax Deductions Did you know that how you own an investment property with your partner, can impact your tax deductions? The two common types…

Bookkeeping Services Melbourne, Sydney, Brisbane

If the financial paperwork side of running a business has you feeling a little frazzled, Stellar Accounts can help with online Bookkeeping Services across Melbourne, Sydney and Brisbane. We’ve also outlined our top bookkeeping tips and tricks that might help lessen the stress. Need help getting (and keeping) your books in order? Enquire online here…

Online Tradies Accountant Melbourne, Sydney, Brisbane

If balancing the books isn’t your typical tool of the trade, Stellar Accounts is your go-to online tradie accountant – no matter whether you operate in Melbourne, Sydney, Brisbane or further afield. Covering all aspects of finance, tax, bookkeeping and more – Stellar Accounts offer tradies flexible packages and expert support online to ensure you…

Online Retail Accountant

If you’re looking for an experienced online retail accountant, Debbie Hoffman from Stellar Accounts is here to help. We offer flexible, affordable accounting and bookkeeping services through our online portal here. We work closely with small to medium businesses, individuals and investors to ensure you understand your tax obligations, and as a Chartered Practising Accountant…

FBT and Business Christmas Related Expenses

The silly season is well and truly upon us which, for business owners, tends to bring a lot of confusion about FBT and business Christmas related expenses. In this blog, Debbie Hoffman CPA at Stellar Accounts helps set the record straight on your FBT obligations and expenditure thresholds which may influence your decisions about where…

Best Online Tax Return Australia

If you’re looking for someone to make the tax process simpler and easier, Stellar Accounts is here to help provide you with the best online tax return Australia. Can’t get in to see an accountant during business hours but still want that expert tax accountant advice and assistance? Stellar Accounts provides clients with email and…

Investment Property Tax Accountants

Looking to buy another property or need some advice on using your property as a holiday home, Stellar Accounts are here to help as your investment property tax accountants – no matter where you live in Australia. If the idea of capital gains tax is making your head spin, Stellar Accounts will take the worry…

Online Accountant for Small Business

Are you looking to engage an online accountant for small business who can provide you the expert advice without the price tag, and one who has your best interests at heart? Stellar Accounts works with and alongside small businesses to provide bookkeeping, tax and accounting services. Running a small business can be hard and we…

Rideshare Accountant

Stellar Accounts is your go to specialist rideshare accountant. It doesn’t matter which rideshare company you drive for, Stellar Accounts can help with our hassle-free approach to help you tackle all your tax and other accountancy needs. Enjoy convenient, personalised service and you don’t have to worry about finding time to meet with your accountant.…

Uber Driver Income Tax Returns

Are you a rideshare driver and need help with your Uber Driver Income Tax Returns? It doesn’t matter which rideshare company you drive for, Stellar Accounts can help with our hassle-free online income tax returns. Start your Income Tax Return paperwork here. Why Choose Stellar Accounts? Here’s 6 reasons to choose Stellar Accounts for your…

Uber Driver BAS Accountant

Stellar Accounts is your specialist Uber Driver BAS Accountant. No matter which rideshare company you drive with – or where you live in Australia – we can help you prepare your BAS return quickly and accurately. We help drivers across the country with our affordable online BAS service for Uber drivers. Let us help you…

Australian Budget 2018 Changes

Wondering what the Australian Budget 2018 changes could mean for you? In this blog, Stellar Accounts Owner and CPA, Debbie Hoffman, explains the biggest potential Game Changers in the 2018 Budget – and how these might just affect you and your business. Got a question? Call us on 0428 887 104, or submit an online…

Online Individual Tax Returns

Stellar Accounts is your go-to for fast, accurate and affordable online individual tax returns. Don’t have the time to get into an accountant’s office but still want the best advice and assistance that only comes from seeing a qualified accountant? Unlike many of the big franchise outfits, at Stellar Accounts, your online tax return will…

5 Accountant Tips to Get Ready for Tax Time

If the thought of doing your tax causes you angst, take heed of Stellar’s top 5 Accountant Tips to Get Ready for Tax Time. The tax return deadline for 2016-2017 in Australia is looming… but do you know what to take to an accountant for your tax return? Stellar Accounts Owner and CPA, Debbie Hoffman…

Capital Gains Tax Specialist Brisbane

Stellar Accounts is your capital gains tax specialist Brisbane. Do you know exactly what Capital Gains Tax (CGT) is or if you will incur it? And if CGT does apply to you, how much will you have to pay? In this blog article, Stellar Accounts Owner and CPA, Debbie Hoffman, explains what is Capital Gains…

Does GST Apply On Investment Property Rent?

A common question we field from clients with a property portfolio is: Does GST apply on investment property rent? The short answer is no, but there are some tax deductions you should be claiming (see below) so it’s worth speaking to an Accountant. Stellar Accounts are experts at dealing with property tax implications, including GST…

Claiming Car Expenses in Australia

Do you know whether or not you should be claiming car expenses in Australia? Do you use your car for work purposes (e.g. do you use it to travel to different clients or different job sites)? Want to have the opportunity to maximise your tax deductions? Can I claim my personal vehicle as a tax…

ABN Tax Return Brisbane

Stellar Accounts can provide the expert advice and assistance you need for your ABN Tax Return Brisbane. Did you know that if you earn income under an ABN, you MUST lodge a tax return, even if your income is under the $18,200 tax free threshold? Let Stellar Accounts get your tax return in ship shape…

Investment Property Tax Depreciation Schedule

Do you have an Investment Property Tax Depreciation Schedule? Or, do you have investment or rental properties and are looking to maximise your tax return this financial year? Talk to Stellar Accounts about how you can claim tax deductions against your investment property. What is a Tax Depreciation Schedule for an Investment Property? A must have…

New Business Accountant North Brisbane

Are you looking for a new business accountant North Brisbane? Getting ready to launch a new venture but not sure what is required in terms of managing your financials, accounting or bookkeeping? Stellar Accounts can help! No matter the stage of your new business, speaking to a CPA (Certified Practising Accountant) with experience in audit,…

ATO Crackdown on Work Related Expenses

Have you heard about the ATO crackdown on work related expenses in 2017/18? So what does it cover, and what are the implications for you? The much publicised recent “crackdown” includes: Motor vehicle claims Personal phones and internet Home office expenses What is a legitimate work expenses? How do you determine if a work expense…

Advice on Starting A Small Business

Do you need advice on starting a small business? We’ve compiled a 7 point checklist to help you get started and cover your bases from a financial and taxation standpoint. Each and every day Stellar Accounts provides consultations to people on the cusp of launching their own business (and those with existing businesses) – and…

Sole Trader vs Company vs Trust

Here at Stellar Accounts we often get asked what is the difference between a Sole Trader vs Company vs Trust. To help you navigate the different types of business structures and provide an indication of which may best suits your needs, we’ve outlined some of the advantages or disadvantages of each. Important note: When setting…

Pros and Cons of Setting Up A Trust

Looking for business structure advice, including the pros and cons of setting up a Trust? Stellar Accounts can help! This is just one article in a short series we’ve compiled comparing Sole Trader vs Company vs Trust to help you make a better informed decision. What is a Trust? A trust is a business structure…

What are the advantages of a Company?

Wondering what are the advantages of a Company? Are you setting up a new business and trying to determine the right business structure? Here at Stellar Accounts, we get asked what is the difference between Sole Trader vs Company vs Trust so we’ve put together a series of short blogs. In this article we explore…

What are the advantages and disadvantages of being a sole trader?

Our team at Stellar Accounts are regularly quizzed about the advantages and disadvantages of being a sole trader. To help determine what business structure might be best suited to your needs, we’ve put together some more information about the pros and cons of becoming a Sole Trader – and how it compares to a Company…

Will my Christmas Party be a Tax Deduction?

Having a Christmas Party? Like most other businesses, at Stellar Accounts we love Christmas and parties, so we are in love with Christmas parties!  And we want to make sure that we look after our staff and clients while maximising any related tax benefits. Do you understand the ATO rules in relation to Christmas Parties…

Are you in business or is it just a hobby?

Hobby or Business? How to know when you need to start reporting your income? Selling online The questions below can help you understand whether your online selling is a hobby or a business. Every ‘yes’ answer increases the likelihood you are carrying on a business – but you need to consider all of your answers…

Thinking about starting a business – speak to your Accountant first!

What should I do when starting a new business or thinking about changing my current business structure? If there is one tip I can give to those thinking about starting a business or those you are already in business and are thinking about changing their structure – talk to a professional first! Find out exactly…

Latest from ATO on RideShare/UBER

Latest update from the ATO in relation to Rideshare. Assistant Commissioner Tom Wheeler said the ATO is still working to educate ride-sourcing drivers, but now focus is shifting to drivers who are ignoring their obligations. “We know that most drivers do the right thing, and we are now focusing attention on the minority of drivers…

Are you and your business struggling under the weight of financial pressure? Stellar Accounts can help!

Are you in Debt? Or heading into Financial Difficulty? Warning signs to watch out for: Issues with money coming in: You don’t know what the total debts outstanding to your business are. People aren’t paying you on time. Issues with money going out: Cash flow is tight so paying bills is difficult. You’re using personal…

Superannuation Funds and Employees

Do you have an employee that hasn’t nominated their Superannuation fund ? If your employees haven’t provided their super fund information, you will need to make their super guarantee payments into your employer-nominated or default fund by the required due dates. As an employer, you must nominate your default fund and make sure that it…

Work at Home Mums – Tips for running your business

Are you a work from home mum? Stellar Accounts have put together some tips to help you run family, house and business while reducing the associated stress: Planning – Forward planning is your friend. If you only have time for one thing, make planning a priority. Try to pre-organise things like meals, uniforms, school and…

Missed the 31 Oct Tax Return Deadline?

What to do if you didn’t lodge your tax return prior to 31 October? If you use a tax agent (like Stellar Accounts) to prepare and lodge your tax return, the chances are you simply don’t need to worry about the 31 October deadline because it probably doesn’t apply to you. Provided all your prior…

Want to know how to become a soletrader?

Registering as a sole trader is a great option for people wanting to start a small business. It’s the simplest and cheapest business structure to set up with very few obligations, unlike other business structures. Being a sole trader is perfect for someone who plans to manage and run a business by them self. Do…

Zone Rebate Changes for FIFO Workers

Fly In Fly Out  (FIFO) Workers & Zone Rebates As a FIFO worker, you may be eligible for a ‘zone tax offset’ if you live or work in a remote or isolated area of Australia (but not an offshore oil or gas rig) for at least half the tax year. These offsets are designed to…

Capital Gains Tax and Your Home Business

Will you be liable for Capital Gains Tax on sale of the family home? If you are running a small business from home, YES, you will potentially have a capital gains obligation for that portion of your home you use for income producing activities (ie using it as a base for your small business). Did…

Are you an UBER Driver? Stellar Accounts can help you meet your Tax and GST Obligations!

Are you an UBER Driver?  Let us help you with your Tax and GST obligations. Stellar Accounts have been helping UBER Drivers since Sept 2016 understand and meet their income tax and GST obligations. Important things to know about UBER: 1. You MUST have an ABN 2. You MUST be registered for GST 3. You…

Stellar Accounts – Helping you run your Small Business!

Stellar Accounts – Our tips to help your small business succeed! Running a small business can be stressful, you have so many hats that you have to wear at different times, it can become quite overwhelming. That is a part of the reason I set up a Small Business Tax Advice group in Facebook, to…

Are you using a Registered Tax Accountant like Stellar Accounts?

Getting the right advice on GST, tax and super – contact Stellar Accounts for more information 96% of Australian small businesses rely on a tax or BAS agent to help manage their tax and super affairs. Benefits of using a registered agent Using a registered agent provides you with: consumer protection through professional indemnity insurance…

Do you need to be registered for GST? Ask our CPA at Stellar Accounts.

Do you understand when you need to register for GST? It is mandatory to register for GST when your SALES hit $75k in a financial year – ie between 1 July and 30 June. You can also voluntarily register for GST at any time. You can not charge GST on your sales unless you are…

Preventing Credit Card Fraud – Stellar Accounts – Chermside Tax Accountant

Preventing Credit Card Fraud Guard your business from credit card fraud There are a few things to look out for to protect your business and minimise the risk of customer disputes and chargebacks. Is the customer placing an unusually large order, or large quantities of orders in a short period of time? Is the order…

What is a taxable payments annual report? Ask our tax accountant.

What is the Taxable Payments Annual Report and do you need to lodge one? If you work in the building or constructions field – you are required to lodge a Taxable Payments Annual Report (TPAR) by 28 August each year. Businesses in the building and construction industry need to report the total payments they make…

ATO is zoning in on work related expenses – Stellar Accounts – Chermside – CPA

Taxation Services – ATO Case Study – Wrongly claiming work related expenses – always check with your accountant/tax agent – like Stellar Accounts if you are unsure. A sales consultant made claims for work-related car, clothing and other expenses. She claimed more than $3,000 for work-related clothing, but said she realised her suits did not have…

Tax Tips for UBER Drivers

UBER TIPS FROM OUR TAX AGENT There are a range of tax deductions you can claim as an Uber driver. Here are just a few work-related expenses that become tax-deductible when you drive for Uber: Registration Insurance Repairs Tyres Car maintenance Car cleaning costs Along with these expenses, you can claim additional costs that are…

EOFY Taxation Advice for Companies – Stellar Accounts

EOFY Taxation Advice for Companies Do you operate your business under a company structure? Looking for advice from an accountant/taxagent focused on minimising taxation obligations for companies? Did you know that at 30 June each year you need to repay all personal drawings by the end of the taxation year? Many small businesses get caught…

Stellar Accounts Chermside Tax Agent

Stellar Accounts – Chermside Tax Agent Have you received some great taxation advice from Stellar Accounts? Or some great small business advice?  Would you like to make sure other people also get the best accounting and taxation advice? We would love a review on our google page – https://goo.gl/maps/WbrHwnnfgpx Thanks from Deb Hoffman Stellar Accounts www.stellaraccounts.com.au…

Federal Budget 2017-2018 Summary by NTAA

We have available a copy of the Federal Budget Summary for 2017-18 produced by NTAA

Lump sum payments received by healthcare practitioners – Ordinary Income Not Capital Payments.

The ATO are concerned about healthcare practitioners receiving lump sums and treating them as capital payments.

The ATO has Disaster Assistance for those affected by natural disaster

The ATO says it may be able to fast-track any tax refund payments for people affected by natural disasters

Think you might have been a victim of a tax scam?

You should be wary of emails, faxes, SMS and phone calls claiming to be from the ATO. These could be scams designed to trick you into paying money or providing personal information.

What is a Fringe Benefit? And when do I have to pay Fringe Benefits Tax?

Do you provide non-cash benefits to your employees (ie a car; entertainment, drink etc)? Are they over $300 per benefit per employee?

Discretionary Trusts – are they the new company?

Thinking you have outgrown your soletrader status? Looking to minimise your tax?

We are a Finalist in the 2017 Australian Small Business Champion Awards

We have just been informed that we are a finalist in the 2017 Australian Small Business Champion Awards!

Uber Loses GST fight with the Tax Office

More than 50,000 Uber drivers in Australia will have to pay 10 per cent GST from the first dollar they earn after the ridesharing app lost a 18-month battle with the Australian Tax Office.

Are you using the best business structure to suit your business needs?

Do you shudder at the thought of how much tax you will have to pay when your business income starts to increase?