Our Services

Southern Cross Accounting, a Specialist Accountant located within close proximity to the Brisbane CBD in Queensland, Australia. Our services include:

  • Accounting and Financial Services
  • Management Accounting.
  • Taxation including Business Tax Returns, BAS, GST and Payroll Tax.
  • Superannuation Management.
  • Financial Strategies for Business including strategies for growth and advice on best practice financial accounting options.

For further information on the services we provide, please phone us on 1300 722 570 or submit an enquiry.

Recent Blog Posts

Keep Up With The Latest News

Preparing to send your tax to your accountant

Business Tax Time – Your 25 Point Checklist Well, another 30 June has passed and hopefully, everyone survived. For some businesses, I know year-end 30 June can be hectic; for others, it’s just a date. I thought you might appreciate some timely reminders and checklist to get your tax stuff’ to your Accountant. Firstly, I

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Wage subsidies for Jobactive candidates

Under the new ‘employer focused’ Jobactive model there is now a vast pool of job ready candidates who attract a wage subsidy. Gone are the days of wage subsidies being reserved for only the very disadvantaged job-seekers. Today, the majority of Jobactive candidates attract a generous wage subsidy: Over 50s ($10,000) Youth 15 – 29

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Tax consequences of Christmas parties and gifts

Tax consequences of Christmas parties and gifts Merry Christmas, Thought I’d give you the following gift – everything you need to know about the tax consequences of Christmas parties and gifts. Gifts to customers, suppliers and their associates Gifts such as hampers, beer, wine, spirits, food, flowers, perfume, pens, typical promo and marketing gifts (coolers,

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Changes To Casual Employment

Changes to casual employment On 6 July 2017, the Fair Work Commission determined that regular casual employees have the right to convert to permanent employment. The determination applies to casual employees that work regular and systematic hours for at least 12 months. There are exceptions where the shift would require a significant change to the employees’

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Research & Development Rebate

Research & Development (R & D) Rebate The R & D rebate is an excellent incentive for businesses engaged in research & development. The biggest issue I find with the R & D rebate is that businesses are unaware of the rebate or unaware of what constitutes R & D. This is further compounded as

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2017/2018 Budget reminders

Budget reminders Here is just a small list of budget reminders. From 1 July 2017, the ‘rich’ are off the hook from the temporary budget repair levy being removed for taxpayers with a taxable income of greater than $180,000. The small business instant asset write off for assets costing less than $20,000 has been extended

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Federal Budget 2017 – 2018 Part II

  RESIDENTIAL RENTAL PROPERTIES – BUDGET LEAKAGE MEASURES Travel expenses related to inspecting, maintaining or collecting rent for a residential rental property will be disallowed from 1 July 2017. From 1 July 2017, the Government will limit “plant and equipment” depreciation deductions to outlays actually incurred by investors in residential real estate properties.   HELP

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End of Year Payment Summaries

End of Year Payment Summaries Hi, every year just after 30 June I get lots of emails and phone calls regarding payment summaries and payment summary preparation, so I’ve prepared a fairly comprehensive checklist to help you or your bookkeeper with the procedure. Employers are required to provide their employees the payment summaries by 14 July

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Federal Budget 2017-2018 Part I

SMALL BUSINESS INSTANT ASSET WRITE OFF The Government will extend the current instant asset write-off ($20,000 threshold) for small business entities (SBEs) by 12 months to 30 June 2018. A small business entity if a company in 2017/2018 is an entity with a turnover less than $25M or if a trust less than $5M (don’t

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Federal budget 2014 – 2015

Federal budget 2014 – 2015 Accelerated depreciation Incredibly the budget introduced an immediate tax deduction for the purchase assets costing less than $20,000 for small business entities (SBEs) from 12 May 2015 to 30 June 2017. From 1 July 2017 the immediate tax deduction will revert back to $1,000 for small business entities. The write

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Negatively geared property investing

Negatively geared property investing There’s been a lot of discussion recently regarding the removal of negative gearing as a tax minimisation strategy but many still don’t know exactly what it entails and exactly how it can help, so the following is an introduction. When a taxpayer purchases a residential property as an investment the rental income received

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Right Financial Advice

Imagine how much you could be saving with the right financial advice? Southern Cross Accounting are the experts when it comes to Taxation and Accounting Services – our business is to know your business – offering you the latest financial advice available. We have built our business around the values of: • Convenience and accessibility

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