Blogs: Useful Information about Accounting and Taxations @ Cloud8

31 May
2020

2019 income year Lodgement Deferrals and Penalties

The ATO recognised COVID-19 may have a significant impact on businesses meet their lodgment and payment obligations. The Commissioner announced a range of support measures available during these difficult times...

03 Apr
2020

COVID-19: A Summary important helps and supports from the ATO and the Government

The coronavirus outbreak is first and foremost a human tragedy, affecting life of all Australian people and businesses. Cloud8 Accounting & Taxation has put together a summary of important helps...

11 Mar
2020

Get your Trust Distribution Resolutions Right!

One of the superstar accountants at Cloud 8 recently consulted with a business owner who has come to us for second opinion. The business operates under a Family Trust (also...

04 Mar
2020

Super guarantee amnesty is now Law! Employers should take actions!

Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 has been passed by the Government on 24 February 2020 and will become law after receiving Royal Assent. The Bill introduces superannuation...

17 Feb
2020

Cloud8 at Xero Roadshow 2020 in Melbourne

Cloud8 team attended the biggest ever XERO Roadshow in Melbourne last week. At the roadshow, we were updated about Xero’s upcoming announcements and cloud accounting product feature. We also had the...

06 Feb
2020

Are you an Australian resident for tax purpose?

As tax agents in Melbourne Australia, we received a lot of questions from clients about their tax residency and associated income tax implications. Whether you are an Australian resident for...

29 Jan
2020

Increased ATO Superannuation Guarantee compliance reviews! What employers should do?

In the last few months we have noticed a change of approach by the ATO to superannuation guarantee (SG) compliance activities for small business employers. Previously, the ATO’s approach was...

02 Dec
2019

IMPORTANT! Foreign Residents and your Main Residence Exemption Entitlement

As a general rule, for Australian tax residents, your ‘main residence’ (your home) is generally exempt from capital gains tax (CGT). To get the exemption, the property must have a...

18 Sep
2019

Get Set Up and Start Reporting Through Single Touch Payroll Before 30 September Deadline

The ATO recently sent letter to employers who has not registered for Single Touch Payroll (STP), to remind them about the 30 September 2019 deadline for STP reporting. Your STP...

30 Aug
2019

ATO Audits are on the rise! Audit-proofing your bookkeeping process.

business bookkeeping and accounting processes

The Government committed a fresh $1 billion funding boost to the ATO to extend their operation of the Tax Avoidance Taskforce. We expect we will start to see a large...

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