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Our accountants, book keepers and tax agents use the blog to educate and inform the public on everything accounting. Take a look at our blogs and if you have any questions call the friendly team at Plant & Associates for more information or to book an appointment.

What is a Personal Services Income? You earn PSI when more than 50% of the income you receive from a contract is for your skills, knowledge, expertise or efforts. You don’t earn PSI if: less than 50% of your income from a contract is for your skills, knowledge, expertise or efforts you receive income from selling or supplying finished goods,

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What is  Fuel Tax Credits? Fuel tax credits provide businesses with a credit for the fuel tax (excise or customs duty) that’s included in the price of fuel used in: machinery plant equipment heavy vehicles light vehicles travelling off public roads or on private roads. Who does it apply to? It applies to everyone, but your business needs to be

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It is quite common for people to forget the things they need when paying taxes. Managing all the documents and files before the Tax Day can be quite overwhelming- however, it is something you can’t avoid. We would love to help, so we created a simple Tax Day checklist, for making it easier on you. Here is the checklist of

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What Is a PAYG Variation? A s221D PAYG Variation is used to vary or reduce the amount of tax withheld from your wages/salary. This application is valid for one financial year. If you apply in May or June, the variation will apply to the financial year starting from 1 July. Who should apply for one? Anybody can get one but

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How long do I need to keep tax records? Keep records for 5 years from the date you filed your original return or 5 years from the date you have claimed a deduction for decline in value (depreciation). Keep records for 5 years from the date you reported a capital gain and keep records for 5 years from the date

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Get in Touch

Plant & Associates Pty Ltd

PO Box 3284 Nerang QLD 4211

Accountant - Gold Coast - Map Icon
Suite 12A, 1 Station St,
Nerang, Gold Coast, QLD 4211
Accountant - Gold Coast - Map Icon
Unit 4, 13 Cameron St,
Beenleigh, Gold Coast, QLD 4207