• Tax Accountant Brisbane
    January18 January 2019

    TPRS Extended To 3 More Industries

    Those in the building and construction industry have been reporting contractor payment information to the ATO since 2012, with those in the cleaning and courier industries from 1 July 2018.  However, in the May 2018 budget the government announced its plan to extend this reporting to three more industries from 1 July 2019, namely the road freight, IT and security, investigation or surveillance services industries. The Bill has now been enacted so from 1...

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  • Downsizer Contributions into Super
    December17 December 2018

    QBCC Licensing Changes Coming Soon

    The Qld Government has announced new laws that strengthen and add compliance burden on those businesses in the building and construction industry that operate in Qld and require a QBCC license. The most notable change will begin on 1 January 2019 where mandatory annual reporting for all licenses will be re-introduced after being shown the door a few years back. Whilst there appears to be other new requirements coming into effect, along with granting the...

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  • CPA Australia - Ignite Accounting
    October31 October 2018

    Welcome to our new website

    All of us here at Ignite are excited about the launch of our new website.  This new website really lays down the platform of what we are all about – great customer satisfaction, great attention to detail and prompt and accurate tax advice. If you have any queries you are welcome to call or email.

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  • Targeted Amendments to Division 7 A
    31 October 2018

    Targeted Amendments to Division 7A

    Late last month Treasury released a consultation paper on targeted amendments to Division 7A loans. This included a proposed 10-year loan model that would replace all existing 7 and 25-year loans.It is proposed all new loans would be transitioned to this new 10-year loan, which could cause major issues to tax payable and cashflow for all those entities with large 25-year loans currently sitting on their balance sheets. Furthermore, all those previous pre-4 December...

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