12 March 2024
ATO Scams information
Protect your personal information from ATO scams, such as your name, date of birth, address, myGov and Tax file number (TFN).
04 March 2024
The AFYF Document Portal
You may have noticed access to our old Portal is no longer active. We have been rolling out our new system over the past months, which also includes a new Document Portal. The new Document Portal is a secure platform for our clients to upload documents directly into our system and is done via Sharepoint.
04 March 2024
The Super Guarantee Charge (SGC)
The ATO has stepped up their compliance investigation around the late payment of Super Guarantee payments (SGC).
29 February 2024
THE MEDICARE LEVY, SURCHARGE & PRIVATE HEALTH CARE REBATE 2024
The Medicare Levy, Medicare Levy Surcharge & Private Health Care Rebate are all items administered via the taxation system that are affected as your level of taxable income changes.
14 March 2022
New Requirements for Directors - Director ID
The Federal government has introduced new director identification requirements for all directors of current and future companies.
18 June 2021
End of Financial Year Prep 2021 - Businesses & Employers
Be prepared for the End of Financial Year and take advantage of tax deductions and super benefits on offer
18 June 2021
End of Financial Year Prep 2021 - Individuals
Be prepared for the end of financial year and take advantage of tax deductions and super benefits on offer
13 May 2021
Budget 2021 - Businesses & Employers
Extension of the instant asset write off scheme and changes to super will impact businesses and employers from this year's budget
13 May 2021
Budget 2021 - Individuals
See what Budget 2021 has in store for individual tax payers
02 June 2020
JobKeeper FAQ
Your questions on JobKeeper payments answered
16 April 2020
JobKeeper Update 15 April 2020
Read the latest news regarding JobKeeper payments, after the ATO's release this week
09 April 2020
COVID-19 - State & Local Government Response
Read about the NSW state government and local Sydney council's grants available for businesses impacted by the Coronavirus - as at 9 April
07 April 2020
COVID-19 - Update 7th April
Read about the government's initiatives and support packages available for those businesses and individuals impacted by the Coronavirus - as at 7 April
07 April 2020
COVID-19 - JobKeeper Payments
Read about the government's JobKeeper payment package announced for employers and businesses impacted by the Coronavirus - as at 31 March 2020
07 April 2020
COVID-19 - Government & Tax Assistance
Read about the government's initiatives and support packages available for those businesses and individuals impacted by the Coronavirus - as at 23 March 2020
28 November 2019
Employers - getting ready for end of year break
With the end of year break just around the corner, now is a good time to make sure your employees' leave entitlements and accruals are up-to-date
01 November 2019
Everything you need to know about Rentvesting
Read mortgage broker, Gokee Arora's breakdown on the pros and cons on 'rentvesting' in the current property market
01 November 2019
Asset Disposals & Capital Gains Tax
Selling or disposing of an asset is called a Capital Gains Tax (CGT) event and may need to be reported on your annual tax return
30 September 2019
Final date for Single Touch Payroll
The deadline for starting reporting STP is now upon us. Make sure your payroll or accounting software is STP compliant and ready to start reporting
24 September 2019
Understanding the Medicare Levy, Surcharge & Private Health Care Rebate
Confused about the different levies, surcharges and rebates associated with Medicare and the NDIS? Read our breakdown here.
29 August 2019
Four signs it's time to refinance
If any of these 4 points from mortgage broker, Gokee Arora sound familiar then it may be time to review your home loan
30 July 2019
Dependents and Your Health Cover
Depending on certain circumstances, dependent children can remain covered by your insurance policy, in some cases, up to the age of 25 years
27 June 2019
Changes for Employers from 1 July
Employers should get ready for two important changes coming into effect from 1 July 2019
27 June 2019
New Client Document Portal
Our new tax client portal system will help us streamline our tax process, securely store your tax documents and save you time when signing and sending back documents for lodgement
18 June 2019
End of Financial Year Prep 2019 - Businesses & Employers
Be prepared for the End of Financial Year and take advantage of tax deductions and super benefits on offer
18 June 2019
End of Financial Year Prep 2019 - Individuals
Be prepared for the End of the Financial Year and take advantage of tax deductions and super benefits on offer
31 May 2019
Notice of Intent to Claim Super Contributions
A Notice of Intent to Claim a Deduction for Super form must be lodged with your super fund before you can make a deduction for personal super contributions on your tax return
30 April 2019
Time to move to online accounting
With the start of the new financial year and the introduction of STP for all employers now is a great time to consider a move to online accounting
26 April 2019
Budget 2019 - Superannuation
The government has announced various changes to super in this year's budget, particularly aimed at seniors, pensioners and young people
26 April 2019
Budget 2019 - Businesses
Budget night 2019 has brought some changes that will affect business tax payers, including an increase to the instant asset write-off scheme
26 April 2019
Budget 2019 - Individuals
An increase to the Low and Middle Income Tax Offset has been proposed as part of the government's budget plan for individuals for 2019
29 March 2019
Changes to Comprehensive Credit Reporting
Mortgage broker, Gokee Arora, from iConnect Financial Alexandria has detailed how comprehensive credit reporting can affect your credit history and ability to apply for a new loan
28 March 2019
Single Touch Payroll
Single Touch Payroll (STP) will be introduced to all employers from 1 July 2019. Find out how this will affect your payroll records and processes
28 February 2019
GST Requirements when dealing in property
If you are developing property with the intent to sell a new premise, you may be required to register for GST
31 January 2019
Fair Work Audits on Employers
Fair Work has been conducting audits on employers to check that businesses are paying their workers correctly and meeting their record-keeping and payslip obligations
31 January 2019
Estimating Rental Returns on Investment Properties
Read about calculating the potential rental return on an investment property when purchasing from mortgage broker, Gokee Arora at iConnect Financial
21 December 2018
Understanding Workers Comp Actual Wages forms
Confused about the Actual Wages Declaration form required by your workers compensation policy provider? Read our explanation of what's required here.
20 December 2018
Earning Income from Ride-Sourcing
If you're considering earning some extra income these holidays through ride-sourcing there are a few things you should be aware of first
20 December 2018
New Year, new processes
The start of the new year is a great time to review your record keeping processes & consider the move to online accounting
29 November 2018
Changes to Xero
Read about the changes made to Xero's navigation panel and how to access your everyday functions in the new-look Xero
31 October 2018
Being an active landlord
It's important for landlords to play an active part in the management of their investment property. Here are some tips from real estate agent Peter Wong
31 October 2018
Employees working from home
With more employees working from home than ever before, the ATO is focusing on home office claims in individual tax returns this year
27 September 2018
Stepping Out Board Members
Have you ever considered donating your time and expertise on a board for a charitable organisation? The Stepping Out Program is now looking for new board members.
26 July 2018
ATO Focus on Shares & Capital Gains
The year, the ATO will be focusing on taxpayers who have sold or transferred shares and the amounts reported as capital gains on their returns
26 July 2018
Simplifying the Process of Investing in Shares
Looking to invest in the share market & want a range of diversified investments in a more simplified manner? You may want to consider Exchange Traded Funds & Listed Investment Companies.
26 July 2018
Understanding the Low & Middle-Income Tax Offset
Confused about what the Low & Middle-Income Tax Offset (LAMITO) is and how this will affect your tax rate? Read more here
29 June 2018
Moving to Online Accounting
Due to the introduction of Single Touch Payroll and Standard Business Reporting it is now time to review whether you need to move to an online accounting program.
28 June 2018
Redraw Facilities vs Offset Accounts
Gokee Arora is a mortgage broker at iConnect Financial Alexandria. He has outlined some of the pros & cons of offset accounts & redraw facilities on home loans
14 June 2018
End of Financial Year Prep 2018 - Individuals
Be prepared for the End of the Financial Year and take advantage of tax deductions and super benefits on offer
14 June 2018
End of Financial Year Prep 2018 - Businesses & Employers
Be prepared for the End of Financial Year and take advantage of tax deductions and super benefits on offer
31 May 2018
Deductible Personal Super Contributions
Martin Reyment is a financial advisor at TMC Advisory with over 10 years experience in finance. He has some tips on personal super contributions and how these can benefit you
31 May 2018
Changes to Trading Names Register
From November 2018 all trading names must be registered with ASIC to continue to appear on ABN Lookup
31 May 2018
Budget 2018 Highlights
Here's a summary of the key items from the 2018 Budget that will affect individuals and businesses in the coming years
10 May 2018
Budget 2018 - Businesses
Small businesses will receive an extension to the $20,000 instant asset write-off, while the contractor payments reporting system will be extended to further industries over the next few years.
10 May 2018
Budget 2018 - Individuals
A new tax offset and changes to the tax brackets have been announced for the 2018-19 year, as well as tighter rules on super contribution deductions
30 April 2018
ATO Focus on Work-Related Expenses
The ATO is paying close attention this year to work-related expenses claimed on individuals tax returns
30 April 2018
Accelerated Depreciation Ending 30 June 2018
Unless next month's Budget allows for an extension of the accelerated depreciation scheme, the cut off date for eligible assets is 30 June 2018
28 March 2018
Changes to the Small Business Super Clearing House
As of 26th February, the way you access the SBSCH has changed. It's now only accessible via the ATO's online services.
26 February 2018
Medicare Levy, Surcharge & Private Health Care Rebate
A breakdown on these levies, surcharge & rebate that are all administered via the taxation system and are affected as your level of taxable income changes
26 February 2018
Stepping Out Program
The Stepping Out Program is a community organisation that was established to support the process of recovery for adult survivors of childhood sexual abuse. The program seeks to empower survivors to achieve independance within their community through support, case management, counselling, group programs, information, advocacy and referral.
26 February 2018
Changes to the 457 Visa Program
The 457 Visa Program has recently been scaled back and renamed as the Temporary Skill Shortage Visa program. Some changes are already in place, with further alterations coming into effect from March 2018
25 January 2018
Focus on Motor Vehicle Claims
The ATO is cracking down on motor vehicle claims in tax returns. Make sure you meet the necessary requirements by keeping an up-to-date logbook, available to download from our Info Base
23 January 2018
Changes to rental property deductions
Changes have been made to the allowable deductions for rental properties. The changes take affect from the 1 July 2017 and relate to travel and depreciation claims.
13 October 2017
Lodgement Dates - BAS & IAS
See the full list of lodgement due dates for the 2017 - 2018 financial year for all activity statements, including monthly PAYG withholding payments. Please note the different dates between those clients who lodge their own activity statements, and those who lodge through us.