As of 1 October 2015 Online Accounting and Taxation Solutions has changed name to Affinitas Accounting, you have now been redirected to the new page.

  • 15May2018

    Cryptocurrency tax tracking upped with new register

    cryptocurrency

    So you think your Cryptocurrency transactions can’t be tracked?

    New rules now require cryptocurrency exchanges to sign up to a new Digital Currency Register. All transactions exceeding $10,000 will need to be reported to AUSTRAC in line with existing rules for bank transfers and cash transactions. Taxpayers will need to show where the money came from and also that they have followed the ATO’s rules. Ignorance of the rules is not considered an adequate defence for failing to pay the appropriate tax. There are currently strong warnings from the ATO for taxpayers to review cryptocurrency guidance ahead of tax time 2018. So, if you’re unsure of what your cryptocurrency transactions mean tax-wise make sure you give us a call.
    An ATO spokesperson told Accountants Daily earlier this year, “Where people attempt to deliberately avoid these obligations we will take strong action, in particular using a range of existing powers that are designed to address unexplained wealth and conspicuous consumption that may arise through profits derived from cryptocurrency investment,”

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  • 20Apr2018

    ATO Alert – ATO data matching – motor vehicles

     

    ATO-Alert-motor-vehicles

    The ATO will acquire information for the 2016-17, 2017-18 and 2018-19 financial years on vehicles that have been transferred or newly registered where the purchase price or market value is equal to or greater than $10,000. Data will be acquired from the eight state and territory motor vehicle registry authorities.

    It is estimated that records of 1.5 million individuals in each year will be electronically matched with ATO data holdings to identify non-compliance with obligations under tax and superannuation laws.

    The Gazette notice for the data matching program (Gazette C2018G00277, 13 April 2018) notes the objectives include:

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  • 13Apr2018

    Beware Being Fooled by New Business Payroll Reporting

    payroll

    April 1, 2018, is the key date to analyse whether your business needs to comply with the new Single Touch Payroll (STP) requirements.

    Single Touch Payroll is a reporting change for employers with 20 or more employees which starts from 1 July 2018.

    It involves reporting to the ATO salaries and wages, pay as you go (PAYG) withholding and superannuation information from your payroll solution each time you pay your employees.

    Currently most employers report this information either quarterly or monthly.

    Single Touch Payroll will be expanded to include employers with 19 or less employees from 1 July 2019. This is subject to legislation being passed in parliament.

    Businesses need to count the employees on your payroll as of 1 April, 2018, to see if you need to get ready for Single Touch Payroll.

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  • 13Apr2018

    Procrastinating About Overdue Tax Returns?

    Let Us Help Get You Up To Date

    Overdue-tax-returns

    When you have been involved in a business that completes thousands of tax returns each year, for more than 25 years, you’ve heard just about every excuse why people delay or avoid lodging their returns.

    Regardless of the excuse you fall back on, the obligation to lodge a return does not go away via avoidance. Delaying returns may end up getting you in even more trouble with the ATO.

    But for every excuse, there is an answer. Consider the following list of commonly used delay justifications and the help that can be provided:

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  • 13Apr2018

    Client of the Quarter

    At Affinitas Accounting we like to share and celebrate our client’s success.

    Congratulations to The Brisbane Plumbers for being our ‘Client of the Quarter’.      donut-box

    For a business that started less then a year ago Courtney & Joseph have done extremely well in growing their client base and brand name around Brisbane.

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  • 09Mar2018

    Foreign Residents Face Tax Bill on Sale of Aussie Home

     

     

    foreign-resisents-tax

    Foreign residents (also known as non tax residents) of Australia will soon have to pay tax if they sell their own homes at a profit.

    This change, announced in the 2017-18 Federal Budget, potentially affects all property owners from 9 May, 2017 in two broad categories.

    The first is those who sign a purchase contract for a property after 7.30pm on 9 May, 2017, and sell that property as a non tax resident of Australia. These people will need to calculate whether a capital gain has been made and pay tax accordingly. This will apply regardless of your tax residency status when you bought the property.

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  • 05Mar2018

    Tips to get your Medical Career off to the best start

    medical-books

    After many years of hard study, starting your medical career can be a rewarding time – from both a career and financial perspective.

    The early months and years will be busy – getting to know different hospitals and the new rotations each term.
    Long term financial planning may not be your immediate priority, but there are still a few things you should spend some time on in this early part of your career.

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  • 09Feb2018

    Five Tips To Keep Your Medical Business Healthy

    medical-image-2

     

    Medical professionals study long and hard to establish their careers.

    Medicos choose their path to make a difference – to the lives of their patients and to their own futures and that of their families.

    But whether you are a GP working with patients in a suburban practice or a Medical Specialist with consulting rooms and an operating list, it always pays to remember that, essentially, a medical practice is a small business.

    Successful medical practitioners realise that to achieve their goals and be properly rewarded after the years of hard work and study, they need to get both the medicine and business working together towards a common outcome.

    To do this, you need to get the right advice and gather a good team around you – preferably as early as possible in your career. And during your hospital training years can be an ideal time to start.

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  • 09Feb2018

    Truckies – 6 Tips for Keeping Yourself and Your Business Healthy

    truck-driver

    Truck Drivers – both long haul or short haul – are an essential part of the lifeblood of any western nation.

    Whether it be our food, fuel, building materials, furniture, motor vehicles or any other general parcel – they all need to be trucked around our country and within our cities.

    Trucking is not for the faint-hearted, with professional drivers often spending up to 300 days per year on the road. And when things go wrong and bad accidents occur it is always a tragedy for all concerned.

    Our farms and other small business depend on the trucking industry. And most truck drivers, themselves, are small business owners who are trying to earn a living and feed, house and clothe their family.

    As accountants and financial advisers, we have spent more than 25 years helping family owned trucking businesses. The following are some helpful suggestions gleaned from more than 25 years of dealing with these hard working small business owners.

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  • 12Dec2018

    Christmas Tips For Small Business

    christmas-small-business

    While Santa is double checking his naughty and nice lists, small business owners should make and review their own list of tasks to ensure the festive season shut-down and return to work is a jolly time for all concerned.

    Get into the festive spirit

    December is a busy time of year for most businesses trying to wrap up work before the holidays. But don’t forget that the end of a year is also a great time to celebrate and acknowledge the hard work and achievements of your team over the past twelve months. Start by creating a festive environment and getting creative with Christmas decorations, activities and events. If you use social media, then include festive season themes in this communication.

    Read more

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  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Blair Wright

    I’ve been dealing with Affinitas Accounting for about 3 years now and I have found them to be nothing but friendly and helpful. I’m a Bookkeeper and on occasions have been stuck with various accounting problems. Affinitas have not hesitated to spend time with me until the problem was solved. Any queries or questions have always been answered in a timely manner.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Joshua Drake

    I highly recommend coming here for all your tax needs! They explain everything you need to know about tax thoroughly and go about there jobs professionally, always leave here with a cheery smile and satisfaction.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Ben Campbell

    Affinitas Accounting has been so helpful with the restructure of my business. They made it an easy process and explained it in a language that was easy to understand. My ongoing tax and gst is all prepared by them, they’ve really taken the stress out of it all to let me focus on growing my business.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Rebecca & Russel Johns

    Since moving to Affinitas Accounting we have a clear understanding of companies and trusts. We have no hesitation in saying the team here will meet and then exceed your expectations! I never feel like i am annoying them. Thank you Team Affinitas

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Paul Maclaine

    Affinitas has looked after all our financial needs for our business and personal tax returns. We have been with our accountant for 10+ years. I have no hesitation in recommending Affinitas to anyone looking for an accountant or any financial advise. We have always found and received friendly professional and practical advise.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Carlie White

    For the past 6 years, Tammy has been lodging our tax. The team always spend the time to explain how things will affect us and always manage to maximise our returns. We highly recommend the team to anyone we speak to and have had friends move to do their future tax with the team at affinities accounting. Couldn’t recommend them highly enough.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Kirsty Whittaker

    I’ve been using Deb from Affinitas Accounting now for many years and have found her to be excellent in looking after my taxation needs. I’m in Tasmania, Affinitas Accounting is in Queensland and distance is no barrier. She understands my business needs, everything is done in a friendly and efficient manner and I happily recommend to anyone looking for ‘down to earth’ taxation advice.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    David Williams

    We’ve been with Affinitas Accounting for over 5yrs when they were known as Online Accounting & Taxation Solutions. From our initial phone call with Brad looking for an accounting team that would meet our expectations as well as provide efficient service, we’ve been really impressed with the team’s professionalism, knowledge & expertise.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Allyson O'Connell

    Debbie is our accountant and has been for seven years. She is thorough and always does what she can to honestly get us the best return but always adheres to the ATO guidelines. We recommend her to our friends and wouldn’t take our business to anyone else. Thanks Debbie.

  • We have only been with Affinitas Accounting for the past 12 months but in this time they have by far exceeded our expectations of an accountant and far surpassed previously used accountants.
    Affinitas are not just about annual returns, BAS statements etc, they take the time to get to know you enabling them to provide advise to help you work toward personal & business goals.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Mark D’Andrea

    Can’t fault Affinitas.

    Have been coming here for years (when it was then called online tax). Deb has been happy to always go the extra mile and doesn’t mind dispensing helpful advice throughout the year.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Deagon Fixing

    I have been a client of Affinitas Accounting (previously Online) for the past 8 years. It is like a one stop shopping experience, all my needs were addressed in the one office.

    Thanks Affinitas you for all your assistance and I would strongly recommend them to anyone to use

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