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Beware of an ATO phishing scam e-mail

We have been made aware that a scam email called “Tax Agent Report – Delayed Tax Report” has surfaced. The emails have been sent out randomly and they appear to be from a @ato.gov.au email address. Please be aware that … Continue reading

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Health Insurance 30% Rebate Means Test

The 30% health insurance rebate will be subject to an income means test starting on the 1st of July 2012. The following table outlines the changes which will come in to effect: The Medicare levy surcharge is also going to … Continue reading

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Accountants Offering Exceptional Service

Clients have differing needs and wants from their accountant. Whether you are a tradesman, retailer, wholesaler, professional services, or just starting a business the needs vary. But the one thing everyone wants is exceptional service. At Elevated Accounting exceptional service … Continue reading

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The benefits of Cloud accounting and information systems for Australian small business

Businesses worldwide are moving more and more of their business life to cloud based storage systems. Australian small businesses have been a bit slow to embrace the change but we are on the verge of an explosion in growth. Who’s … Continue reading

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The Benefits of Audit Insurance

Death and Taxes As the saying goes, only 2 things in life are certain – death and taxes! We can’t protect you against the costs of death except to say eat good foods and exercise more often. But we can … Continue reading

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GST and goods to be exported

GST registered businesses can sell goods GST free when the goods are going to be exported overseas. There are 3 situations where this can apply: 1 The vendor is an exporter 2 The vendor is organising the export of the … Continue reading

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Federal Budget 2011 Highlights for Small Business

Well Wayne Swan has handed down the budget and there was not much joy for small business. Here is our summary of the key points. Trust distributions to minors no longer eligible for low income offset From the 1/7/2011 minors … Continue reading

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Business name registration to be streamlined for Australian businesses

Proposed legislation means that by mid 2012 the current state based business name registration system will be replaced with a national system to be administered by ASIC. Under the new system businesses will need to have an ABN or be … Continue reading

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Crackdown on tax breaks for business cars likely in budget

The upcoming federal budget is likely to see an increase to FBT paid on company cars. This will mean an increase in costs to businesses who currently allow employees to use business cars for private use as well. Currently the … Continue reading

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