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Our Latest News

Changes to Compulsory Super (SGC)

Changes to Compulsory Super (SGC)

Over the past few months, there have been some changes to Compulsory Super Guarantee. It is important that you are aware of the following changes: For payroll processed from 1 July 2022 onward, compulsory super guarantee (SGC) will be payable at 10.5% of wages, which...

Can I claim my caravan as a tax deduction? YES

Can I claim my caravan as a tax deduction? YES

It might surprise you that the answer to the above question is often - yes you can claim a deduction for a percentage of the purchase of a caravan or camper trailer as a tax deduction, as well as a percentage of running costs like repairs and maintenance.  Firstly,...

Have you recently started trading shares or crypto?

Have you recently started trading shares or crypto?

In the last few years, the amount of retail investors trading the share market and/or crypto has exploded.  At 3D we have seen this ourselves, with a lot of clients new to this investment space.  So, a few things you need to be aware of: 1. The ATO know everything you...

Budget – Pretty Boring, Not Much to Say

Budget – Pretty Boring, Not Much to Say

Well, as accountants it's nice to have a year when post-budget we can say there haven’t been any drastic changes.  Most of the positives from the budget have been already been headlined in mainstream media, but here they are again in 3D speak: Fuel excise tax cut in...

Director’s Identification Number

Director’s Identification Number

A director’s identification number is a unique identifier that is given to a director to prevent the use of false or fraudulent director identities. A director’s ID is required by law and applications will need to be made through the Australian Business Registry...

Congratulations Tahlia and Breanna

Congratulations Tahlia and Breanna

Tahlia Miller has been an exceptional asset to the 3D team for over ten years now, and although she has held a Business Diploma for six years, an Accounting Degree for three years (graduated with a Distinction), Tahlia just recently completed the higher level CPA...

Closing Fri 24th Dec – Sun 16th Jan

Closing Fri 24th Dec – Sun 16th Jan

Well, another year has flown by just like that. The team has built up a stack of holidays and so we are taking an extended break this year, our last day will be Thursday the 23rd of December, and we will re-open Monday 17th January 2022.  If anyone needs...

Do I pay tax when I rent my family home via Airbnb? Yes.

Do I pay tax when I rent my family home via Airbnb? Yes.

In 2019 Airbnb advised its users that they were now reporting to the ATO.  This is a reminder to those people that use Airbnb, that this rental income is taxable including when you rent out your main residence (your family home).  You can offset expenses against this...

Increase in ATO Audits  for Employee Super (SGC)

Increase in ATO Audits for Employee Super (SGC)

We have recently seen a large increase in ATO audit activity relating to the late payment of employee super (SGC).  This doesn’t come as a surprise to us, and we have previously flagged this with our clients.  Now that all payroll data must be reported to the ATO via...

Stapled Super Funds

Stapled Super Funds

As of 1 November 2021, if you have a new employee start and they do not return their “superannuation standard choice form”, then you must request their ‘stapled super fund’ details from the ATO.  Often when employees are younger, have multiple jobs, or do not take...

Landlord Hardship Fund

Landlord Hardship Fund

The NSW Government has released a Hardship Fund for landlords who have provided rent waivers for tenants. The grant is up to $3,000 per property, per month, per retail or commercial lease. It applies to landowners who: Have land holdings less than 5mil in total (as...

Rent relief for Retail and Commercial leases

Rent relief for Retail and Commercial leases

The NSW government has brought in compulsory rent relief for tenants who have been affected by COVID. This is evidenced by the fact the tenant is eligible for NSW Covid grant or Job Saver.  Please see an attached link which provides further detail as well as a...

JobSaver explained

JobSaver explained

As of yesterday, you can now apply through Services NSW for JobSaver.  The eligibility criteria is the same as the NSW covid grant. Essentially the grant covers you for 26 June – 17 July and then JobSaver replaces that and applies for the 18 July onwards. ...

NSW COVID assistance for small businesses

NSW COVID assistance for small businesses

Here we go again. Such a pain for everyone. In some cases, it's not just a pain but it's financially catastrophic. Businesses in the hospitality, retail, hair & beauty, and arts sectors are particularly hard hit.  With the construction industry now shut for at...

Compulsory Super (SGC) rising to 10% + MYOB & Xero requirements

Compulsory Super (SGC) rising to 10% + MYOB & Xero requirements

For payroll processed from the 1st July 2021 onwards, compulsory super guarantee charge (SGC) will be payable at 10% of wages. For super liability wages are called  “ordinary times earnings” (OTE). OTE is the amount you pay employees for their ordinary hours of work,...

Business Owners – Know your Numbers

Business Owners – Know your Numbers

So I’ll be direct and straight to the point here, to be successful and stay alive in this current environment, business owners must know the financial position and performance of their own business at all times. Just knowing your bank balance is not sufficient. You...

Budget – Tax cuts/Payroll + Unlimited Asset Write Off

Budget – Tax cuts/Payroll + Unlimited Asset Write Off

I believe the biggest two things to come out of the Budget are: 1. Personal Tax Cuts; and 2. Unlimited asset write off (fully expensing asset purchases) until June 2022 Personal tax cuts – these changes have already passed parliament. The 19% bracket which used to...

What is the best way to get my employee a car?

What is the best way to get my employee a car?

This is one of the most common questions we receive.  I will try and keep the answer as simple and as brief as possible. If the vehicle is a commercial vehicle, for example a ute, van or tradie dual cab that will legitimately be used a lot for work purposes, then we...

Closed 20th Dec – 12th Jan

Closed 20th Dec – 12th Jan

Wow it’s that time of year again! Our last day for the year will be next Thursday the 19th Dec, and we will re-open Monday 13th Jan. Thank you to all our clients and friends for their support during the year and we wish you all the best for the holidays. Warm regards...