our latest news

Knox Tax News

Knox Taxation now partnered with Moula Pay

Now offering you extended payment terms with Moula Pay

According to research, 67% of Australian businesses believe extended payment terms are helpful for managing cash flow. At Knox Taxation, we’re all about helping our clients as much as we can during this difficult time. We’re also passionate about the importance of keeping your personal and business cash flow in good health. That is why…

Coronavirus Update for Businesses (5)-min

Latest Coronavirus Update – The Impacts on Businesses & Individuals

It seems the whole world is talking about COVID-19, which given the latest updates is understandable. However, the constant bombardment of news and advice on social distancing, self-isolation, empty supermarket shelves and talk of business closures has left many of us feeling worried, stressed, overwhelmed and uncertain about what the future holds. This can have…

Our Response to Coronavirus COVID-19

Given the latest updates relating to the Coronavirus (COVID-19), we wanted to let you know that we are on the “front foot”. Therefore, we expect no interruptions to the services we provide at Knox Tax. We will continue to be here to support you, your families and your businesses throughout this potentially stressful, difficult and uncertain…

Merry Christmas From the Team & Closure Dates!!

Can you believe that Christmas is just around the corner…again!? It feels like it was yesterday that I was rushing around the shops, multiple bags in hand and scurrying through the crowds to get all my Christmas shopping done before last year’s big day! As we prepare for this year’s Christmas, we wanted to take…

Knox Taxation – Closure over the Christmas Break

“It’s beginning to look a lot like Christmas. Toys in every store…” It’s officially the final week before Christmas shenanigans begin – Eek! For many of us, this means a lot of last minute shopping, cooking, present wrapping and of course, chocolate and pudding eating… But, before you head off on your holiday fun,…

How You Can Start Planning For Your 2017/18 Tax Return

EOFY is always a very busy time for us, with our incredible team of Accountants being in high-demand. Therefore, if you’re ready to come in for your end of year tax appointment, please book in now. The later that you leave it, the less likely that you will secure your preferred date. It won’t be long before…

As Tax Time Nears….An ATO Scammer Appears!

I’m sure that most of you are aware that tax time is around the corner. But did you know that this is also a very popular time for ATO Scammers? Recently, it was National Scam Awareness Week. It came at a very convenient time reminding us to be aware and careful of threat-based impersonation scams…

Look out! The ATO is Cracking Down – Company Cars & Fringe Benefits Tax

Do you drive a company car or own a company registered vehicle? If so, please take note of the Fringe Benefits Tax (FBT) updates highlighted below. The Australian Tax Office (ATO) have recently warned about tightening-up on their approach towards people who own vehicles through their businesses – particularly, employers and tradies. Even if your…

Changes to Personal Super Contributions & Deductions

Note: This information is for people who: Make personal super contributions from their income after tax (this does not include contributions made under a salary sacrifice arrangement and compulsory super paid by your employer), and Want to claim a deduction for these contributions. Since the 1st July 2017, the eligibility rules for claiming a…

IMPORTANT UPDATE – Single Touch Payroll (STP)

As of Sunday last week (1st of April, 2018), all businesses were required to count the number of current employees on their payroll. This is in preparation for the introduction of Single Touch Payroll (STP) updates by the 1st of July 2018. If you missed this deadline and haven’t counted your employees yet, you can base…