Accounts NextGen

You still have a little more time and a chance to submit your tax return if you have forgotten about it or weren't entirely prepared for the online tax return Melbourne . You might be stressed on getting slapped with a fine on missing the deadline because 31 st October is the date when all Australians have to prepare their paperwork and send it to ATO (Australian Tax Office). So hurry, through online, you can still lodge a tax return in Melbourne . But, what is the final tax Deadline? 15th May was the final deadline for taxpayers who have maintained a good tax history or were engaged with registered tax agents. But due to global pandemic-Coronavirus, the date was extended and dropped on 5 th June. You must be well-acquainted with that lodging after 5th June is likely to put you into big trouble. Whether you had a good tax history with ATO or not, penalties will surely hit you badly. Hence, now you should take the help of registered tax agents to lodge an...

If you also work in Melbourne, Australia, then each year, lodging a  tax return in Melbourne  is also requisite for you. According to ATO (Australian Tax Office), your tax return reveals the income you have generated from your business throughout the financial year. However, this is mainly done to figure out the correct tax amount that you have paid. Moreover, if any refund for tax is entitled to you, then your money is returned back even if you have already submitted your annual tax return. Although, it’s understandable that with lodging  a tax return  in  Melbourne,  loads of burden hits you strongly. Hence you’re likely looking for some tips in the financial year 2020, so you could pay less tax. Therefore, we have narrowed down some fantastic tips to do this for you. Keep good Tax Records. Every year, a vast number of people overlook deductions from tax, which they could easily claim. Resulting in, most of the people among you mig...

Want some special guidance on how to treat VAT correctly for your automated electronic service supplying businesses? No wonder, you have landed at the right page. Here you’ll find some detailed tips from expert  tax accountants Melbourne , after which you’ll gain a deep understanding of various dynamics of VAT. What’s VAT? VAT stands for Value Added Tax. It is a kind of tax that is levied on goods and services while selling and purchasing process. However, VAT is also called GST in Australia (GST-stands for Goods and Services Tax). Nearly all types of goods and services come under VAT. Hence, if your business is also operational in the field of supplying or selling electronic services, then it will be influenced positively by the scheme ‘MOSS’ (Mini One Stop Shop). What is MOSS? If you run a business on a small scale in which you provide electronically supplied services across E.U. country, and the burden of VAT appears annoying, then MOSS is definitely for the ...

After showing interest in Paycorp, Australian Multinational Corporation, and a leading Accounting software company MYOB had announced a deal of $48million with Paycorp. Resulting in, the accounting of MYOB income for the 2016 financial year- falls in line with the official statement that the total revenue of the company was boosted by 13 % to 3704 million dollars. Not only this, but the company also stated that the  tax return in Melbourne  benefit with $54 million has helped the company to cover previous year loss which was around $42.2 million. Tim Reed, MYOB’s CEO , mentioned that MYOB’s acquisition gives the business “massive growth prospects” in the industry of payment services. He also mentioned that $700 million payment fees using ‘accounting software platforms’ have been estimated. On the grounds of all such estimation, MYOB’s CEO- Tim Reed has also shared his view. In which he coined lines and discussed how it will lead to reducing the client’s administratio...

No wonder, 2019–2020 has settled in our memories with unforgettable experiences. But with the end of this financial year, you need to review ‘what is your financial position right now.’ For instance, everyone is well-acquainted with how we are dealing with the global pandemic COVID-19 impact. Hence, there’s nothing wrong with saying that this year will be identified as one of the most vexing years that ever had come in the life of any businessman. But, amid this problematic situation, you should get relief from tax exposure and audit risk by regulators. It is vital to take help related to the online tax return in Melbourne amid this hard time. EOFY- an essential moment for businesses The End of Financial year has always been one of the busiest and actionable times for business owners. EOFY is a great opportunity that advises all business owners to think more and create strategies in the New Year. That’s why it is imperative to gain all the essential information that may h...