News

Government Coronavirus Stimulus Package

17 March 2020

The Government’s $17.6 billion economic stimulus package has the following key tax measures: Boost cash flow for employers by up to $25,000 with a minimum payment of $2,000. Businesses that employ staff between 1st January 2020 and 30th June 2020 will receive payments of 50% of their Business Activity Statements or Instalment Activity Statement PAYG…

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Tax Planning Made Simple (Second Edition) Now Available!

10 January 2020

The 10% of practices that currently provide tax planning services to their clients generate annual fees revenue of $284m. This book has been written for the 28,968 accounting practices in Australia (the 90%) that aren’t currently providing tax planning services to their clients. The first part of the book talks about why your clients need…

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TaxFitness Release Notes – August 2019

26 August 2019

  August Release Highlights: Improved usability A new menu layout and design which makes the software easier to use and reduces the number of steps involved in each process. 3-minute business tax planning Simply select the business type, and the software automatically selects up to 10 tax strategies that apply to that specific type of…

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Database Grows to 250 Tax Strategies

10 May 2019

Our Taxfitness tax strategy database now boasts 250 tax strategies to help your clients structure their affairs to legally reduce their tax liability and make savings.  The database explains how 250 different tax strategies actually work (i.e. what the tax strategy is, when to use the strategy, average tax deductions created by the strategy, and the strategy…

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34 Practices Complete the Tax Planning Made Simple Workshop

25 February 2019

34 practices in Melbourne and Perth have just completed our Tax Planning Made Simple Workshop.  The workshop teaches practices how to add a tax planning division to their practice in only one day. Although tax planning generates $330 million of fees pa, less than 1% of practices outside the top 100 generate any tax planning revenue. …

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TaxFitness Major Upgrade – October 2018

1 October 2018

  We are pleased to announce that TaxFitness has been upgraded to include new features and functionality. October Release Highlights: Improved usability – A new menu layout and design which makes the software easier to use. New report – Occupation Deductions Report. This report explains the typical, and unusual, tax deductions that apply to the…

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Tax Savings for 201 Employee Occupations | New Book

1 August 2018

Tax Savings for 201 Employee Occupations details tax saving strategies and ideas for 201 different employee occupations. It doesn’t matter what the occupation is, there are tax strategies that commonly apply to that occupation. Often employee taxpayers are unaware of all the tax saving strategies that are available. This is understandable as the Australian taxation…

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TaxFitness Release Notes – June 2018

3 July 2018

New report – Deluxe Tax Savings Report.  The deluxe tax savings report includes all the benefits of the premium tax savings report plus reporting on tax summary, original income and net worth (the assets and liabilities for each group member). New database – Occupation Database.  The occupation database explains both the typical, and unusual, tax…

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New Express Tax Savings Report | Software Update

24 May 2018

  New Report – Express Tax Savings Report The express tax savings report enables you to generate a client tax savings report in only 5 minutes. It is as simple as selecting the strategies applicable to the client and clicking the express button. Step 1 – Enter Client Data Set-up the client and enter the…

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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"

- Bono: U2