Category: News

2019 Federal Budget Measures Legislated

Following our post last week, we note that the following measures that were announced in the budget have been legislated: Changes to Instant Asset Write-Off Provisions The announced changes to the instant asset write-off were legislated with the Treasury Laws Amendment (Increasing and Extending the Instant Asset Write-Off) Bill receiving Royal Assent on 6 April. […]

GST on Google AdWords

This morning Google announced that they were changing some of their advertising terms and conditions. The most important part of the announcement is that goods and services tax (GST) will be charged on Google AdWords spends from 1 November 2016. As a technicality, Google are assigning Australian based advertising contracts to Google Australia Pty Ltd, […]

Tax Lodgement Due Date Fast Approaching

The final date for the lodgement of 2015 income tax returns is 16 May*. That is less than one month away! It is important to lodge your tax returns on time, as the ATO may impose penalties and charge interest on any amounts due if your return is lodged late. Additionally, if you have a […]

Using Technology to Deliver Better Customer Service

One of the key focuses of Cake Accounting in 2016 (and beyond) is delivering excellent customer service. To assist, we are identifying and using technology with excellent customer service in mind. There are a large number of tools that have been developed in the last decade, some of which we are using to help deliver […]

Xero Promotion

Xero Logo

For those of you out there thinking about using Xero to maintain your financial affairs, have yourself an early Christmas! Until 24 December, we have a special promo code to offer Cake Accounting clients 25% off the regular price of a Xero subscription for twelve months. That is a saving of $150 if you sign […]

Cake Accounting – Where Did We Go?

Readers may have noticed that the posting here has been a little light in the last few months. The reasons for the light posting are outlined below, but, we never went far, and are back. More than ever, looking forward to providing our clients with the best service in the tax, accounting and advisory spheres […]

ATO Introduces myDeductions Tool

This week the ATO has introduced a new tool in their mobile phone app called myDeductions. This app is available for most smartphones, including Android, Apple and Windows Phones. According to the ATO, this tool makes it easier for individuals to keep deduction records, and will allow this information to uploaded and included in your […]

ATO Updates View (Changes Mind) on Everett Assignments

As part of the ATO’s focus on the taxation of professional firms, started with the release of TA2013/3, the ATO has updated their view on the tax effectiveness of Everett assignments. The term ‘Everett assignment’ is used to describe an agreement where a partner in a partnership assigns their entitlement to some or all of […]

New Website Goes Live

We are delighted to present our new website. This is the place we will share tax developments that are relevant to individuals, families and small businesses, as well as other interesting tips along the way. To mark the launch of our new website, we are also starting our promotion for 2015 individual tax returns. If […]