• I've just started up my own business as a sole trader: what do I need to know about tax?

    Starting up as a sole trader changes the way you report income and pay your taxes. We can make sure that you're ready for the transition, no matter which industry you're from.

    Book a consultation
  • Need accounting software advice and support?

    Our extensive expertise in all aspects of accounting software means you can concentrate on what you do best – running your business. We are accredited Xero specialists and have been MYOB, Intuit and Reckon Partners for many years.

    Learn more about Our Services
  • We want to start our own business: how do we set up the company?

    At PBA Financial Group we specialise in the setting up of start-up and new businesses. We'll set up a solid foundation for your new business so that you can hit the ground running!

    Learn more about Our Services
  • I've always done my own tax returns without the help of an accountant

    More often than not, people who do their own tax returns will miss out on valuable deductions simply because they didn't know what they were entitled to claim, or they incorrectly claim expenses.

    Are you sure your tax return is as accurate as it could be?

    Book an appointment

Latest News

Major Bank Levy Passed

Whilst there has been little publicity in the weeks after the May Federal Budget, the Bank Levy has passed through Parliament and receive Royal Assent, without amendment.

 

 

This was a major new initiative to make significant contributions to future Federal Budget shortfalls.  South Australia has a similar levy.

The major banks will pay a levy payable at the rate 0.015% on the total liabilities of the authorised deposit taking institutions liabilities, greater than $100 billion, subject to many subtle adjustments.

The levy is payable quarterly, commencing September 2017.  Taxpayers are yet to see any obvious impact.

As most Australians have superannuation benefits and most superannuation funds include the big banks in their portfolio, will this levy impact on reduced dividends and superannuation fund earnings?

 

 

AcctWeb