2020 FYCF

2020 FYCF

The introduction of the Tax Agent Services Act 2009 means a greater safe-guard for taxpayers and our Financial Year Compliance File has been designed specifically with this in mind. This years 2020 FYCF has moved into the cloud!  The FYCF can now be completed online...
EOFY Payroll

EOFY Payroll

2020 Bove Payroll reconciliation spreadsheet must be completed after your final payrun for June 2020 and PRIOR to lodging your “Finalise Year” STP.  1. Click here for instructions 2. Click here to download the Bove Payroll Reconciliation spreadsheet.   “Finalise...
Building and Construction

Building and Construction

How did you go in 2020? Did you get selected for audit? Taxpayers in the building and construction industry have lodged their Taxable Payments Annual Report (TPAR). The A.T.O. are conducting a series of audits – make sure you don’t get caught out! For more...
EOFY Stocktake

EOFY Stocktake

Businesses that keep trading stock generally need to provide evidence of the level (quantity) and value ($) held at 30 June.  In these instances a physical stocktake is required at the close of each financial year.  If you are a small business you may wish to elect to...
Work in Progress

Work in Progress

A calculation is required each tax year with respect to work that has been carried out but not yet completed by 30 June.  This is particularly important if you are in the building and construction industry.  An example would be, where you have incurred substantial...
Directors Liability

Directors Liability

Notice to all Directors: From appointment date, a director has 30 days to decide to resign with no potential for exposure to adverse personal financial liability.  Furthermore,  all directors have an increased responsibility to ensure their companies meet Pay As You...