It can be a confusing, stressful and emotional time when considering placing yourself or a loved one into residential aged care – the best approach is to gather the facts and seek guidance from specialists. Read More +
We are dedicated to becoming the most trusted third party advisor for your business and personal financial needs. Read More +
We can help with decisions on the best business structure for your new venture as well as the registration requirements from ABN applications through to GST, WorkCover and PAYG withholding registrations. Read More +
Let us assist with any and all of your personal accounting needs. Read More +
We can offer advice on your investments, from retirement planning to investment properties and much much more. Read More +
No matter your age it is never too early or late to start planning for financial security so you can live the retirement you deserve. Read More +
Whether you are a retiree wanting to implements a retirement income strategy or you are still working and accumulating your superannuation asset for retirement, we offer you peace of mind that your SMSF is well managed. Read More +
The taxation landscape is forever changing. Here at Adams Accounting we ensure our clients receive the highest quality of advice and service. Read More +
We provide more than just the generic and mainstream services, we also offer Auditing, Centrelink Entitlement Valuation, Corporate Affairs, Employer Services, Special Investigations, and Vehicle and Equipment Finance Consultations. Read More +
Victorian Government Business Support Fund The Victorian Government has recently announced further financial support for small businesses operatin...
Generally, you cannot access your superannuation before you reach a certain age and have met a condition of release (usually retirement). However, ...
The ATO has always focussed on taxpayers who claim deductions for holiday homes that are not actually available for rent or only available to friends ...
CLAIMING HOME OFFICE EXPENSES If you perform work duties from home you may be entitled to a tax deduction. Home based businesses and salaried em...
We get asked from time to time if your side business is seen as a hobby or a business by the ATO. Here is some information about how the ATO views it....
With cyber crime on the rise, we thought it would be a good time to explain how important it is to have secure passwords in place! A strong passwor...
Do you claim other work-related expenses such as telephone, stationery, internet and home office costs? BEWARE - the Australian Taxation Office foc...
Division 293 additional income tax on super contributions What is this additional tax? Division 293 of the Income Tax Act was introduced from the...
CRYPTOCURRENCIES & AUSTRALIAN TAX So you’ve put some hard earned cash into the newest investment sector known as cryptocurrencies, made a gain bu...
Over the past five years, claims for uniform and laundry deductions have increased by around 20%. This has made the ATO sit up and take notice. Th...
For those taxpayers who have difficulty keeping all their deductible receipts together, the ATO ‘myDeductions’ app may be the answer. Simply down...
As our local summer sports are starting to wind up and the winter sports start ramping up, local sporting clubs may approach your business during the ...
A new era of superannuation deduction commenced on the 1st of July 2017. People who work for a wage or are required to have superannuation contribu...
TAX & BUSINESS SERVICES ACCOUNTANT Adams Accounting is an accounting firm located in Maffra and offers a broad range of services to a large variety...
8 reasons you need to know the value of your business “I’m not planning on selling my business any time soon. So I don’t need to know what it...
CAPITAL GAINS TAX AND DECEASED ESTATE ASSETS What happens with income tax when a person is deceased? When a person passes away their executors ar...
The Superannuation (unclaimed money and lost members) Act 1999 was recently amended* so that, from 31 December 2015, the small lost threshold for supe...
Did you know? As a business, if you do not pay your employee superannuation guarantee contributions by the quarterly cut-off date, you are not able...
NAB is offering a 0.70 per cent cut on financing for farmers and related agri businesses looking to improve energy efficiency. NAB has advised Adams...
Murray Goulburn Share Restructure Progress What’s happened so far? On the 29th May 2015 MG announced its Initial Public Offer (IPO) price range ...
Parliament announced the budget changes last night 12th May 2015 with some exciting news for many small business owners. CHANGES EFFECTIVE 7:30pm 1...
If you operate your business from home, you may be able to claim some of the costs in doing this: • if you work from home occasionally and your pla...
The ATO receives around 18,000 complaints a year about employers failing to pay staff superannuation and approximately 70% of the complaints relate to...
Fuel Tax Credit rates increase bi-annually from 1 February 2015 The Government announced in the 2014-15 Budget that it would be reintroducing bi-an...
Are you self-employed and plan on claiming a tax deduction for superannuation contributions? You are able to claim a tax deduction for contribution...
SMALL BUSINESS CAPITAL GAINS TAX CONCESSIONS The CGT small business concessions can significantly reduce the CGT liability for small business owner...
Have you searched for lost super? Have you kept track of all your super? If you've ever changed your name, address, job, or done casual or part-tim...
Have you considered a Self-Managed Superannuation Fund (SMSF)? As at 30 June 2014 there are roughly 534,000 Self-Managed Superannuation Funds in Au...
ATO CHANGING DEBT COLLECTION APPROACH Over the GFC period the ATO took quite a lenient approach to collecting both income tax & GST debts. Towards th...
What should I do if one of my staff members seems to be suffering from stress? When a staff member seems out of sorts and you think they could be s...
