blog
A friendly reminder about Tax Audit Insurance!
In late April/early May we will be issuing our annual Tax Audit Insurance Premium renewal notices. What is Tax Audit Insurance? Audit Shield is an end-to-end tax audit insurance solution that covers accountants’ professional fees and the fees of experts,...
Book in a Tax Planning Meeting before June 30!
A dedicated tax planning meeting is something that we have been doing for years with our clients. We feel that the amount of income tax you pay should be managed just as prudently as you manage other businessor personal expenses. It's important, as an owner of a...
ATO announces changes to Working From Home Deductions
The ATO has revised the way taxpayers can claim deductions for costs when working from home. The new changes will apply from 1 July 2022 and will be applicable to the 2023 Income Tax Returns. Please note the compliance requirements are more stringent than previously....
Designing and creating your future in 2023!
The start of a new year is a great time to set some goals that will help you design and create your future. Here are a few questions to ask yourself in 2023: Do you have business & personal goals? Are your business & personal goals in writing? Do you review...
We’re back in the office & ready for 2023!
We hope you've had a wonderful break, and are refreshed and ready to tackle 2023! We wanted to remind you that as of this Monday, 9th January 2023, our team are back in the office to answer any of your questions. Feel free to book in a meeting via Calendly, or give us...
Looking back on 2022 at Lark Business Advisory!
2023 is just around the corner, and as many businesses prepare to close for the Christmas/New Year break, I wanted to use this chance to reflect on the year that's been. I've put together a summary of the highlights of our year at Lark Business Advisory below!...
ATO Commissioner of Taxation extends Director ID Due Date to December 14
The ATO Commissioner of Taxation Chris Jordan has extended the Director ID Due Date to December 14. "According to the Australian Taxation Office (ATO), some 1.8 million directors have now applied. However, with more than 2.5 million directors operating...
Queensland Extraordinary Disaster Assistance Recovery Grants
Extraordinary Disaster Assistance Recovery Grants are available to assist directly impacted South East Queensland small businesses, primary producers and non-profits with the costs of clean-up and reinstatement. South East Queensland primary producers, businesses and...
Changes in ATO Communication to our clients
The ATO have made several changes to how they deliver their notices in the past 2 years. There have been many upgrades, and these changes have caused some difficulties, particularly with PAYG Instalment Notices. The ATO deliver PAYG Instalment Notices in 4 ways: By...
A reminder to apply for Director ID’s!
Just a reminder for those directors who have not yet done so, the deadline for applying for a Directors Identification Number is 30 November 2022. As this date is fast approaching, we encourage those that have not done so to apply. Once you have applied, please email...