Richwood Accountants
The Gift of Giving
In many cases, your gifts and donations could be tax deductible. While the purpose of giving isn’t to receive something in return, being...
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Richwood Accountants
- Aug 25, 2023
- 2 min
Employers beware: The ATO crackdown on superannuation payments
While the rules regarding superannuation payments have not changed, in recent months and weeks the ATO has significantly intensified its...
Richwood Accountants
- May 12, 2023
- 3 min
2024 Federal Budget Highlights
The 2024 Federal Budget was announced on Tuesday 9 May. Here are our highlights: Increase to Medicare Levy low-income thresholds The...
Richwood Accountants
- Mar 10, 2023
- 5 min
Work from Home Expenses
What can I claim? Over the past few years, working from home has become a reality for many people. While there are many benefits to...
Richwood Accountants
- Dec 12, 2022
- 4 min
End of Year Functions and Fringe Benefits Tax
As an employer, you may like to reward and thank your employees for their hard work with a social function, gifts, a Christmas bonus, or...
Richwood Accountants
- Aug 1, 2022
- 3 min
WAYS YOUR BUSINESS IS WASTING YOUR MONEY: Not Paying Super on Time
As a business owner, there are multiple ways you are wasting money by not paying superannuation on time. Before we get into it, we’ll...
Richwood Accountants
- May 13, 2022
- 3 min
Depreciation for Commercial Investment Properties
Here at Richwood we work closely with BMT Tax Depreciation to ensure that every deduction is maximised. Following is an article written...
Richwood Accountants
- Apr 1, 2022
- 3 min
2022 Federal Budget Highlights
Individuals Increase to LMITO It’s been an expensive year as the cost of living has skyrocketed, with rent prices rising, the cost of...
Richwood Accountants
- Mar 18, 2022
- 5 min
Introduction to Depreciation for Investment Properties
Here at Richwood we work closely with BMT Tax Depreciation to ensure that every deduction is maximised. Following is an article written...
Richwood Accountants
- Jan 28, 2022
- 4 min
Can I claim work from home expenses?
Please note that this article is superseded as of 16 February 2023 and applies up to 30 June 2022. For up to date information, see our...
Richwood Accountants
- Oct 28, 2021
- 2 min
What can I claim without receipts?
Let’s be real about things, we all forget to hold on to our receipts. So, is there anything we can claim without receipts? Thankfully,...
Richwood Accountants
- Aug 27, 2021
- 5 min
Can I claim self-education expenses?
Before you look at what self-education expenses include, you first need to consider if you are actually eligible to claim them....
Richwood Accountants
- Aug 19, 2021
- 4 min
Can I claim work related clothing expenses?
A Few Quick Facts: The expenses that are deductible in relation to uniforms are the cost of obtaining the uniform (either purchasing it,...
Richwood Accountants
- Jul 28, 2021
- 2 min
Can I claim driving to work?
A lot of people seem to think they can claim the kilometers they travel from home to work and home again. However, just going to work...
Richwood Accountants
- Jul 19, 2021
- 2 min
Can I claim gym membership fees?
Have your friends ever boasted that they claimed their gym membership fees on their tax return, which helped them get that amazing...
Richwood Accountants
- May 20, 2021
- 2 min
Other types of software for all businesses
Client Relationship Management (CRM) Check out Insightly and Exsalerate, both reviewed highly. Filing and Data Entry Hubdoc is our...
Richwood Accountants
- May 13, 2021
- 1 min
Manufacturing and Retail Software
In manufacturing and retail, tracking raw materials to completed products, cost per item, and inventory levels are all critical aspects...
Richwood Accountants
- May 6, 2021
- 1 min
Construction & Trades Software
In trades like maintenance and plumbing, scheduling software makes all the difference allowing you to respond efficiently and effectively...
Richwood Accountants
- Apr 29, 2021
- 1 min
Automotive Industry Software
For businesses in the automotive industry, keeping all the important information about how many kms a vehicle has done, the history of...
Richwood Accountants
- Apr 23, 2021
- 1 min
Considering software for your business
As a small business owner, finding the right work-life balance can be hard. There are many responsibilities to consider and work through...
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