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Mar 21, 2019
3 min

Salary Sacrifice - Can it deliver for you?

Salary sacrifice can be a great way to get a part of your remuneration in a form other than cash – and not personally pay tax on it. Sala...

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Symmetry Accounting & Tax

Sep 28, 2018
5 min

The ins and outs of “entertainment” business deductions

As a tax concept, “entertainment” can be relevant not only to fringe benefits tax (FBT), but also to income tax and even goods and servic...

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Symmetry Accounting & Tax

Sep 25, 2018
3 min

Unpacking statute-barred debts

Various tax implications can arise when a debt becomes statute-barred. So what is statute barring and when can it be a problem? In simple...

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Symmetry Accounting & Tax

Sep 22, 2018
4 min

Applying for a Loan? Don’t Let These Common Mistakes Get in Your Way

Whether starting or expanding a business, capital is key. If you’re planning to approach a bank or similar institution for funds to back ...

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Symmetry Accounting & Tax

Jun 22, 2018
2 min

Redundancies - make sure you don't slip up!

Businesses could be exposing themselves to significant legal liability by not ensuring any redundancies they undertake are ‘genuine’, acc...

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Symmetry Accounting & Tax

Jun 21, 2018
3 min

EOFY Superannuation Planning

Watch your superannuation contribution limits You may wish to consider maximising your concessional or non-concessional contributions bef...

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Symmetry Accounting & Tax

Jun 21, 2018
2 min

Forewarning to non resident owners of residential properties

The government has proposed that the Australian home of a non-resident for tax purposes, including Australian expatriates will no longer ...

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Symmetry Accounting & Tax

Jun 16, 2018
4 min

5 commonly overlooked bookkeeping tactics

Whether you’re new to business, new to bookkeeping, or just want a refresher in strategic accounting, there’s a lot to be said for explor...

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Symmetry Accounting & Tax

Jun 16, 2018
3 min

Harnessing the relationship between bookkeeping and business strategy

Effective accounting strategies are vital for business growth. In fact, gathering, recording, and analysing your company’s financial info...

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Symmetry Accounting & Tax

Jun 14, 2018
4 min

How to advance your business

A key part of your business plan should be to improve the financial position of your business. There are many aspects to this and it is w...

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Symmetry Accounting & Tax

Jun 6, 2018
1 min

Get ready for the new Child Care Subsidy

I would like to make all readers aware that from 2 July 2018, the child care fee assistance families receive will change. From that date,...

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Symmetry Accounting & Tax

Jun 3, 2018
3 min

New GST rules on purchases of new residential property or potential residential land.

With the end of the financial year in sight, there is one more thing clients will need to be aware of regarding changes to the tax landsc...

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Symmetry Accounting & Tax

Jun 2, 2018
3 min

Deductions for capital expenditure on rental property

Rental property investors can claim capital works deductions for construction costs for a rental property, however there are limits impos...

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Symmetry Accounting & Tax

Jun 2, 2018
3 min

Trading stock rules

Small business clients can use simpler trading stock rules. If you are a small business entity and at the end of the income year estimate...

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Symmetry Accounting & Tax

Jun 2, 2018
2 min

Pitfalls in claiming fuel tax credits and how to avoid them

Fuel tax credit rates are updated every year (generally on 1 February, but this year they changed on 5 February). It is therefore a timel...

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Symmetry Accounting & Tax

Jun 2, 2018
3 min

Claiming a tax deduction for legal fees

When a legal expense is incurred in relation to the operation of a business to produce assessable income, it is generally allowable as a ...

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Symmetry Accounting & Tax

Jun 2, 2018
5 min

Log Book fundamentals. What you need to know

When claiming for work-related car expenses, many taxpayers miss out on maximising their claim due to inadequate record keeping. But also...

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Symmetry Accounting & Tax

Jun 2, 2018
6 min

Tax implications of renting out your home

Airbnb is one of many examples of the “sharing economy” — connecting buyers (users) and sellers (providers) through a facilitator that us...

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Symmetry Accounting & Tax

Jun 1, 2018
3 min

Travel allowances and when you need to substantiate

A travel allowance is a payment made to employees to cover accommodation, food, drink or incidental expenses they incur when they travel ...

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Symmetry Accounting & Tax

Jun 1, 2018
3 min

Overview of company director responsibilities

As though business owners and principals don’t already have enough on their minds, discussion about the ups and downs of the business env...

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Welcome to our Blog

At Symmetry Accounting & Tax Pty Ltd, we provide a comprehensive Bookkeeping & Payroll service, Income Tax return preparation service, Self Managed Super Fund compliance and general accounting services.