How Australians spend their tax refunds (and why you should consider Tax Planning)!
How Australians spend their tax refunds (and why you should consider Tax Planning)! We are part-way through May, with the final siren due to ring for the end of financial year only a mere 49 days away. The 2014 MoneySmart poll provided a great insight into what Australians actually did with their tax refunds in the 2014 financial year. Not surprisingly, the vast majority of taxpayers used the funds to […]
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Super contributions caps for the 2015/2016 year
Super contributions caps for the 2015/2016 year As the end of the financial year rapidly draws to a close, have you thought to check your super contributions? Below is a brief overview of  the superannuation contribution caps for the 2015/2016 financial year – don’t leave it too late! Concessional (before-tax) contributions 2015/2016 A concessional contribution is a contribution that is made by […]
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Tax office makes new ruling for property investors
Tax office makes new ruling for property investors A new Tax Office ruling clarifying the criteria for deductions on income earned through specific lease arrangements may limit property investors who incorrectly claim losses on their properties. The ruling, issued mid-September, sets out parameters for claiming losses on properties that are let at arm’s length or to relatives, or on properties that are used […]
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What can a XERO add-on do for Melbourne businesses?
What can a XERO add-on do for Melbourne businesses? Xero is truly an incredible product. Not because it is a bookkeeping program that makes you coffee, does your tax returns or magically improves your cashflow, but because of the way in which it integrates with other complimentary products known as ‘add-ons’ to automate business processes.  What is an add-on I hear you ask? Basically, […]
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Maddern Accountants – Your new XERO partner in Melbourne
Maddern Accountants – Your new XERO partner in Melbourne At Maddern Accountants in Melbourne, we are very excited to announce that we have recently teamed with XERO to become a XERO Partner. If you are a small to medium sized business owner in Australia and have not heard of XERO, you soon will. Xero is revolutionising business financial management by offering to its users […]
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