ERT Accounting

27/09/2023

So, you’ve got a rental you like to use when you and your family want to hit the beach...🌴🏖️

What costs can you claim at tax time? 🤔👇

27/09/2023

Why wait and wonder about the status of your tax return when you can easily check it with the ATO app? 🤔

With just a few clicks, follow your return from start to finish. Simply login to the ATO app and select “Your tax return”.

To get started visit www.ato.gov.au/app

26/09/2023

If you’re using business money and assets for private use, follow these two easy steps 👇

17/08/2023

11/08/2023

Don’t worry – it happens! But you’ll need to fix it... 👍

07/08/2023

Charge up your knowledge on electric cars ⚡🔌

If you’re giving your employees a ticket to ride (in eligible electric cars), don’t forget the reportable fringe benefits amount (RFBA) requirements 🚗💨

For more info, see www.ato.gov.au/Business/Fringe-benefits-tax/Types-of-fringe-benefits/FBT-on-cars,-other-vehicles,-parking-and-tolls/Electric-cars-exemption/

02/08/2023

28/07/2023

Racking up the kilometres for business purposes? Make sure you’re across the updated car limit and cents per kilometre rate. It'll allow for a smooth ride when claiming your deductions this tax time 🚗

25/07/2023

🏡 If you operate your business from home, (even some of the time), you may be able to use the revised fixed rate method to calculate your running expenses 🏃

25/07/2023

Wondering how your tax return is going?

You can check its progress by logging into ATO online services through myGov or through the ATO app.

Once you’ve logged in you’ll see a status outcome letting you know where we’re up to:
🟠 Processing – we have your tax return and we’ve started processing it
🟡 Under review – we’re checking to make sure everything is right
🟢 Balancing account – we’re balancing your accounts with us and other government departments before we calculate your refund, or the amount you need to pay.

Remember, most tax returns take 2 weeks to be processed when you lodge online 💻

For more info, visit www.ato.gov.au/Individuals/Your-tax-return/Check-the-progress-of-your-tax-return/

22/07/2023

Work in an office? 🏢👨‍💼

Make sure you have all the ‘fax’ before lodging your tax return.

19/07/2023

Accounting is often stereotyped as simply "crunching numbers". However, this perception couldn't be more wrong 🤔

In today's world, accounting encompasses diverse skills, such as analysis and problem-solving. That's why effective communication and interpersonal abilities are essential, as accountants go beyond numbers to describe the financial well-being of businesses 💯