tax scams - ATO reminds to beware

Beware of tax scams

Tax Time 2014 is just around the corner and you’re probably not the only one thinking about your refund – scammers are too.

The ATO are warning to be on the lookout for tax related scams this tax time. Scammers try to trick you to obtain your personal information.

Watch this video and share it with your friends for tips to protect your identity.

Sciacca's News

Sciacca’s News – April 2014

Sciacca's News

PLAN NOW AND SAVE!

Tax planning, if you’re not up with the lingo, is simply understanding in advance what your tax may be, taking steps to reduce your tax liability and managing your cashfow to cover for the tax. It’s important to understand it’s impact on your cash flow and have strategies in place to best manage it.

Get together with John and work through your figures to estimate your net profit. We’ll then look at steps to reduce your taxable income, resulting in less estimated tax payable. We also take a look at the business operations moving forward, rather than 12 months later when it’s too late!

For tax planning to be timely and worthwhile, we need to have your information in by mid May so get in now and book a tax planning session with John today.

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Jetts Fitness Ad

Here at Sciacca’s Accountants + Advisers we’re proud to be a part of our local community. We’ve currently got an ad featured in the Jett’s McDowall newsletter that we thought we’d share with you. Let us know what you think and as always, if you want to organise to have a chat with John or the team about your finances, get in touch.

sciacca's accountants + advisers jetts ad

scam email warning - Sciacca Account brisbane north

More scam emails

scam email warning - Sciacca Accountant Brisbane NorthA phishing email claiming to be from the ATO is currently circulating.

The email claims that the recipient is entitled to a tax refund and states they should click the embedded link and complete the online form.

Do not click on the link inthe email as it opens a fake webpage that will attempt to obtain your tax file number.

The ATO will never email you asking for personal or credit card details and you should never provide this information. If received you should delete the email immediately.

More info from ATO

If you have any questions, please don’t hesitate to give us a call on (07) 3357 5553.

Sciacca's Accountants + Advisors Brisbane

BAS time again

994945_415609058561400_951490392_nIt’s that time of the month again..

Small Businesses remember to lodge your BAS by 28th October.

Did you know if you lodge your BAS through a Tax Agent you get an extended due date until 25th November?

If you would like some assistance lodging your BAS this quarter give our office a call (07) 3357 5553.

Sciacca's News

Sciacca’s News – September 2013

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Spring into action with your finances

With spring now upon us and Christmas fast approaching, now is a great time to re-evaluate your finances. For those of us who usually don’t pay much attention to our financial situation, Spring is a great time to stop and take some time to streamline it and making things easier to understand and manage. Consider implementing these 5 key strategies:

1. Get organized. If you are still using a manual system (aka the shoebox) now is the time to upgrade. Set up a basic filing system to include monthly bills, statements, tax return copies and receipts. That way, when tax time rolls around, you’ll be prepared. And you’ll save heaps of time when you know where to find it.

2. Review bills for hidden fees. Over time many companies introduce sneaky fees and increases that may slip by. Take some time to review your bills and statements to see if any strange fees have been charged and sort them out.

3. Shop around for deals. Make sure you’re paying as little as possible for on your services like  Insurance, Foxtel, mobile phone and even credit cards. Sometimes when switching suppliers you can get introductory deals or big reductions in what you’re paying now. If you do make a switch, try to avoid signing a long-term contract, which can make it tougher to jump ship should you find something better down the road.

4. Look for your money leaks. Disorganized finances can develop leaks. Look for areas where you could plug these and save some money. If you rent a storage unit for all that “stuff” you never use, clean it out, sell what you can and donate the rest. Sell unwanted items, look at ways to save electricity to reduce bills and if you don’t have one already, set up a simple budget so you can track where the money is going – you might be surprised!

5. Put a limit on your activities. Set an annual limit for your activities and stick to it. If you limit yourself to an annual contribution, you can justify resisting those impulse decisions you feel the urge to make when you’re in a hurry or on the spot.

Effectively managing your finances can seem difficult and time-consuming, but the reward justifies the effort. Once you’ve set up system that works for you, make sure you stick to it. Set yourself up for financial freedom today.

If you’d like to discuss these or other ways we can help, give us a call on 3357 5553.

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Sciacca's News - July 2013

Sciacca’s News – July 2013

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5 tips to slash costs this year

Cost cutting is high on the agenda for business owners at the moment. Nina Hendy outlines why slashing costs is a favourite pastime of business owners as the new financial year rolls around, with most businesses able to reduce costs by about 18 per cent, according to cost cutting firm Expense Reduction Analysts. Immediate savings are commonly found in electricity, insurance, telecommunications, office supplies and recruitment, ERA general manager Brett Coulston says.

Click here to read Nina’s top 5 tips to slash costs

If you’d like to discuss these or other ways we can help, give us a call on 3357 5553.

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