A Warning About COVID-19 Online Scams

During this scary and stressful time we ask that you be very careful opening any emails and attachments you receive. Recently there has been a large increase in COVID-19 ‘phishing’ emails. Phishing is the fraudulent attempt to obtain sensitive information such as usernames, passwords and credit card details by disguising oneself as a trustworthy entity […]

JobKeeper Payment – Supporting Businesses to Retain Jobs

The Government is introducing a subsidy program to support employees and businesses. The JobKeeper Payment is designed to help businesses affected by the Coronavirus to cover the costs of their employees’ wages, so that more employees can retain their job and continue to earn an income. If legislation is enacted, support will be directed to […]

COVID-19

By now we are all well aware of the coronavirus (COVID-19) and the impact this will have on our daily operations. Our client’s and staff’s wellbeing is our number one priority right now, therefore, for the time being, our office will no longer be making one-on-one client contact meetings. We are more than happy to […]

December 2019 Newsletter

Sometimes small business owners pass up the at-times lucrative small business CGT concessions simply through not knowing that they are eligible to claim them. Answering a few basic questions can clear this up. We explain how the “personal property security register” can help manage the risk that comes with owning certain assets. We also take […]

November 2019 Newsletter

Sometimes, essential tax records are missing or even destroyed. But all is not lost, as there is a “plan B” that can be put into affect, so we run through the options to help your tax outcome. The investment strategy of any SMSF is not “set-and-forget”, and if not re-visited from time to time, could […]

Electronically Signing Your Tax Documents

Gone are the days of having to print your electronic declaration form when its emailed to you, sign it, scan it and email it back. It’s now as simple as a couple of mouse clicks. Click here to view Port Phillip Group’s step-by-step procedure on how to electronically sign your documents.

October 2019 Newsletter

Deductible work-related expenses are always tempting to chase down, but to stay out of trouble with the ATO it’s always good to have fact sorted from fiction. We also look at the special CGT rules that apply when spouses have different residences. There’s an exemption from reporting obligations for employers for certain “personal security” fringe […]

September 2019 Newsletter

Property developers often feel the gaze of the ATO on their activities, so we look at what could be getting its attention. Still on residences, we look at some little known facts about the CGT exemption that generally, but not always, applies to inherited homes. Also dealt with is the tax that children’s savings accounts […]

August 2019 Newsletter

Heading overseas for that trip of a lifetime? There could be a few simple steps you can take to ensure all is in order tax-wise, both while you’re away and after you return. We also look at trust distribution resolutions, whether your backyard projects are considered a business or a hobby by the taxman, and […]