Karis Tax and Accounting Services

Have you sold a rental property that was once your home? 🏡

You may be able to claim a main residence capital gains tax exemption, even if you only lived there for a short time.

Just remember to double check your eligibility and claim the exemption in the year that the contract was signed ✍️✔️

To learn more, visit www.ato.gov.au/Individuals/Capital-gains-tax/Property-and-capital-gains-tax/Your-main-residence-(home)/Treating-former-home-as-main-residence/

The shift to remote and hybrid workforces has increased the pressure on businesses to allow staff to work flexibly – and securely – from home, as well as the office. Check out these top tips for protecting your devices and data no matter where they are.

https://bit.ly/3M4sZi2

Think outside the square on the accounting skills shortage | CPA Australia For the lowdown on accounting recruitment, see how public practice accountants find savvy ways to recruit accountants and cope with skills shortages.

View top tips for saving money this tax time, with resources available on the CPA Library.
https://bit.ly/3GpHiLV

Download the guide Make informed decisions

Xero’s full year 2022 financial results | Xero Blog Today we announced Xero’s full year financial and operating results to 31 March 2022 (FY22). Read more on the Xero Blog.

10 questions every advisor should prepare for this EOFY | Xero Blog Andrew Van De Beek, Founder and Head of Purpose at Illumin8, shares 10 questions every advisor should prepare for this EOFY.

Common misconceptions about new Xero reports The extra functionality in our new Xero reports lets you customise them in more ways than before. See how to quickly access the information you need for bett...

Choose dates and compare periods in Xero reports Easily set report dates using the preset options, type or choose any date range you like using the calendar. Select how many periods to compare, and compare ...

Are you harnessing the power of data in your business and using it responsibly?

Like an Eagle, your approach to data responsibility can go through different stages of maturity. Understanding how powerful data can be, and how to use it responsibly, is vital for your small business.

Take our quiz to find out where you’re at on your data journey. 👇

https://bit.ly/37DsJHJ

video: how to nail your small-biz marketing strategy Marketing whiz Trish Martin from Chromatical shares her tips.

Ultimate 10 Pricing Plan Details | Xero The Xero plan that's good for larger employers and more complex small businesses.

End of Financial Year for Small Business | Xero These handy resources are designed to help you and your small business prepare for end of financial year (EOFY) and meet key dates and milestones.

Employers: Your employees’ super payments are due soon ⏰

Remember to make sure the right amount is in their super funds by 28 April.

For more info, visit www.ato.gov.au/PayingSuper

Employers: Do you prepare your own fringe benefits tax (FBT) return? The due date is almost here ⏰

You’ll need to lodge and pay any FBT you owe by 23 May 2022.

For more info on how to lodge, see www.ato.gov.au/General/Fringe-benefits-tax-(FBT)/Reporting,-lodging-and-paying-FBT/How-to-lodge-your-FBT-return/

We’re shining a light on the importance of super with our in-language podcast 💡🌟

In our latest episode we chat about how to grow and manage your super, what to do when you change jobs, and how to make voluntary contributions.

🎧 Listen now in Arabic, Korean, Vietnamese or Mandarin at www.ato.gov.au/General/Other-languages/In-detail/Information-in-other-languages/ATO-podcast/ or your preferred podcast platform.

Rental properties: Did your tenants’ game of backyard footy not go to plan? 🪟🏈🔨

From replacing broken windows to repairing the front fence, you may be able to claim a deduction for maintenance to your rental property.

To find out the difference between repairs, maintenance and improvements, and what expenses you can claim now or over time, go to www.ato.gov.au/Individuals/Investments-and-assets/Residential-rental-properties/Rental-expenses-to-claim/Rental-expenses-you-can-claim-now/

We’re asking the community to be on the lookout for online ads that show you how to get a GST refund, even when you don’t own a business.

Read our latest release to find out more at www.ato.gov.au/Media-centre/Media-releases/ATO-warns-community--do-not-engage-in-GST-fraud/

Employers: Late paying your employees’ super? We know things don’t always go to plan.

If you missed the due date or paid after 28 April, you’ll need to lodge a super guarantee charge statement by 30 May, as 28 May falls on a weekend.

To learn more, visit www.ato.gov.au/lateSG

Thinking of renting out your granny flat? 🤔🏠

If you have a formal granny flat agreement with an eligible elderly or disabled person, you may be exempt from paying capital gains tax (CGT) when you decide to sell.

Find out who’s eligible at www.ato.gov.au/Individuals/Capital-gains-tax/Property-and-capital-gains-tax/Granny-flat-arrangements-and-CGT/

Employers: Working out whether you provided fringe benefits to your employees? Paying for your employee’s private use of a car is an example! 🚗

If you’re providing your employees with some extra benefits on top of their salary, we’ve got info on what you need to report, lodge and pay.

Find out more at www.ato.gov.au/Business/Engaging-a-worker/While-people-work-for-you/

Open the door to your future! 🚪✨

If you’re an Aboriginal and/or Torres Strait Islander looking for an opportunity to study while you work, our Jumpstart Program may be for you. The Program gives you the chance to gain professional experience for 12-months, while studying a formal qualification at the same time!

We have positions available in Adelaide and Parramatta. Apply before 6 June and learn more at https://www.ato.gov.au/About-ATO/Careers/Entry-level-programs/Programs-for-Aboriginal-and-Torres-Strait-Islander-peoples/Jumpstart-Program/

Do you want to know more about the sharing economy? 🤔💭

Sometimes known as the gig economy, it includes:
🚗 ridesharing
📦 delivery services
🖌️ creative or professional services

In our latest in-language podcast episode you’ll learn how it works and what you need to do.

Listen now in Arabic, Korean, Mandarin or Vietnamese at www.ato.gov.au/General/Other-languages/In-detail/Information-in-other-languages/ATO-podcast/

💻📈 Do you invest in crypto assets?

If you’ve sold, transferred or swapped crypto assets this income year, you’ll need to work out if you’ve made a capital gain or loss.

You can make it easier by keeping track of:
📅 the dates of your transactions
💰 their values in AUD
🧾 receipts
🗒️ details of any other costs.

To find out more, visit www.ato.gov.au/general/gen/tax-treatment-of-crypto-currencies-in-australia---specifically-bitcoin/?page=4