Accounting News

Helpful Accounting & Taxation Articles

Byford Accountants are not the new kids on the block. Take a look at this timeline to see how it all began and how the journey has continued to where it is today....
1. Payment Summaries/Group Certificates: These documents outline the income you've earned from your employer throughout the financial year. 2. Bank Statements: Gather statements from your bank accounts to track interest income, dividends, and any other financial transactions....
Watch this entertaining little video about Armadale, WA and also view the beautiful photos of Armadale! Armadale has a growing number of large and small businesses, companies and organisations. Armadale has seen some rapid growth! Armadale is located about 30kms...
Do you have little ones and need tax advice? Sometimes it is difficult to get away for an appointment when you have little ones. But don't worry, because you can bring them along! We love meeting your little ones. We...
When you have been operating a business in the local Byford area for 30 years, you really gain a sense of what it is to be part of a great community. We have seen businesses and clubs in our area...
This is going "straight to the pool room!" - Congratulations to Ashley on achieving a Certificate of Excellence to go along with his CPA Australia membership. Ashley is part of our amazing team of accountants here at Byford Accountants....
As is the case with tax, the laws continually change and the Labor government have proposed to change the individual tax rates, starting from 01 July 2024. As we approach the end of the financial year, it is a great...
Business tax compliance refers to the process of meeting all tax obligations set forth by the government, including the timely and accurate reporting of income, expenses, deductions, and payments. Compliance with tax laws is crucial for several reasons:...
Small business tax incentives are government initiatives designed to encourage and support the growth and success of small businesses. These incentives come in various forms, such as tax deductions, credits, grants, and concessions, aimed at reducing the tax burden on...

What is Fringe Benefits Tax? Fringe benefits tax (FBT) is a crucial aspect of Australian taxation that affects both employers and employees. Understanding FBT and how it applies to your situation is essential for ensuring compliance and minimising your tax...

Travel Expenses – for tax Purposes When completing your tax return, there are certain travel expenses related to your work that you might be able to claim. These expenses must be directly related to earning income and not be private...

Operating a small business in Australia comes with a multitude of challenges, and managing your tax obligations is certainly one of them. Navigating the intricate maze of tax laws and regulations can be overwhelming, especially when you’re focused on growing...