CRYPTO Trading Many of you got bored in lock down, didn’t you? We have noted a marked increase in the number of people trading in Crypto. Please understand that each and every transaction is a CGT event. If you buy 0.025 of a Crypto Currency, but only sell 0.005 of…
General Update – COVID hours, Working from home, 2021 Work and related
COVID-19 Update – Operation times & General Update 10th January 2022 Happy New Year from the Team at KDC Accounting. May your 2022 be happy, healthy, and Safe, with many reasons to celebrate (and permission to do so 😊) Contents COVID-19 and our office hours. 1 Our COVID-19 Policy. 1…
JobKeeper 2.0
Please see our updated information on JobKeeper 2.0 JobKeeper from 28 Sept with Alternative Tests This has been mailed to most clients likely to be considering their eligibility to JobKeeper 2.0. If you have not received our email, the contents are below and we kindly request that you notify the…
29th Sept 2020 Update on turnaround times
Thank you to everyone who has embraced our COVID-safe work flow arrangements. It seems many of you are quite happy to send us your work without an interview. Many of you have also embraced our questionnaire – just a reminder: it is not compulsory and could just be used as…
Superannuation Update
Have team members who Salary Sacrifice into superannuation? Salary sacrificed superannuation can no longer be used as a contribution towards the SGC liability. SGC now needs to be calculated on the pre-sacrificed income amount, not the post sacrificed income amount. (Subject to Ordinary Times Earnings principals).
Not receiving emails?
Do you have a Hotmail or gmail account? Are you not receiving emails from us? There is an ongoing outage where Microsoft have increased their spam filters, and are now blocking a lot of emails from companies, who, previously, have been able to send emails. We are part of this…
Are all your SMSF eggs in one basket?
The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustees about a lack of asset diversity. The ATO is concerned that, “a lack of diversification or concentration risk, can expose the SMSF and its members to unnecessary risk if…
Rental property expenses – what you can and can’t claim
It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties. What often seems to make perfect sense in the real world does not always make sense for the Australian Tax Office (ATO). In general, deductions can only be claimed if they…
20th Anniversary
We are proud to be celebrating 20 years in business. This is no mean feat with less than 4% of businesses surviving 20 years. We are thrilled to unveil our 20th Anniversary logo designed by Ayden Carroll KDC 20 LOGO
KDC Accounting Important Update
WE ARE MOVING!!! We are finally able to let you in on our secret; as of the first week of July we will be operating out of our new location in Phillip. With a bigger and better place, you will find us at Level 1,16 Dundas Court Phillip ACT 2606. “The Team…