DuncanS
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Joined 12 years ago
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Re: Technology Boost
@ roxmully @ Shella_A I understand the Technology Boost was for expenditure incurred between 29 March 2022 and 30 June 2023 Thus, by default, the 2024 Tax Returns will not have a box for the Technology Boost. I did not enter the Technology Boost into MYOB and it was claimed in the 2022 and 2023 Tax Returns. Duncan7Views0likes0CommentsRe: Charging for travel.
Dizzyswinger@ Princess_R Every Business Owner decides what their Income Streams are and how they will track them. I work with a Printing Franchisee and the Franchisor has some 28 Income Accounts. Would create a Income Account called Travel Recovered from Clients. Let us know. DuncanRe: which category should I select about the super transaction
qhal11700Genreve_S I understand the Super Fund would have been informed of the nature of the Payment ie Concessional or Non-Concessional. It is also possible to lodge a Notice of Intent. Totally agree with Genreve that Financial Advice cannot be given on this Forum. Best to speak with your Tax Accountant/BAS Agent. Duncan9Views0likes0CommentsRe: How to treat rent payment in bank feed
SalBasky@ KellyKellyProp Sal, Do you receive a monthly/fortnightly Statement from a Real Estate Agent? This will list the Income and Expenses for the period. I suggest talking with your Tax Accountant/BAS Agent The type of property Residential or Commercial and GST Registered affects the GST Codes used. Let me know. Duncan12Views0likes0CommentsRe: Balance Sheet not showing Tax Liabilities
AccountsFire A Sole Trader will normally not have a Income Tax Payable Ledger. PAYG - I may have been paid during a FY. The PAYG - I is cleared once the Tax Return has been lodged. With a Company, the Tax Agent will calculate the Income Tax Payable amount. This should appear as a Current Liability. Check that the Income Tax Payable agrees with the Calculation Statement in the Company Tax Return. Duncan15Views0likes0CommentsRe: Setting up additional two-factor authentication methods
AmandaCL Amanda, I recall MYOB introduced 2FA some years ago. There was various discussions with MYOB and I was told MYOB used MFA and AI to recognise the computer used. What has changed in the past month? My email confirmations stopped working some time ago. My Partner Manager informs me that she cannot help with Technical Support. Is that correct? Duncan97Views0likes1Comment