As of 1 October 2015 Online Accounting and Taxation Solutions has changed name to Affinitas Accounting, you have now been redirected to the new page.

Newsletter June 2016

Tax Time in the Shadow of Federal Election

Tax time 2016 starts with a Federal Election on July 2, but most of the campaign tax promises and changes will not start until 2017.

What we DO know, however, is that there will be some key changes already in place that could affect the tax outcomes for the 2016 year – and many of these changes are potentially positive.

These changes include:

  • Simplified depreciation for small businesses including an immediate write-off of $20,000 for eligible assets
  • Company tax cuts for small business
  • Small business (non company) income tax offset
  • Immediate deductions for business start up costs
  • Phase out of net medical expenses income tax offset (now only for disability aides, attendant care or aged care)
  • Increasing access to company losses
  • Accelerated depreciation for primary producers
  • Widespread introduction of Super Stream legislation

Scrutiny of Personal Deductions.

Meanwhile, the ATO has announced that it will use new upgraded resources (both human and computer) to increase scrutiny of personal tax deductions in 2016.

They are particularly focussing on deductions that are outside the norm for your occupation – either the type of deduction or the size of the deduction.

This does not necessarily mean that you will be denied these claims, but it does mean that we will take more care than ever to ensure that the claims are legal under the current tax laws.

This includes making sure that there is a sufficient connection between the expense and your income, that there have been no rulings from the ATO specifically denying the claims and that you have the necessary documentation to prove the claims should the ATO question them.

Checklists Ready for Tax Time

Our 2016 Tax Return Checklists have been updated and are ready to be accessed for those who want to start getting their 2016 tax returns organised

These checklists are extremely popular with both clients who make face-to-face appointments and those who complete their returns via mail or email

They include comprehensive lists of the potential income and expense items you need to gather. Some worth specific mention include:

  • Updated motor vehicle logbooks (if your logbook is older than 5 years)
  • Details and tax invoices relating to any depreciable items purchased
  • For businesses, a 30 June stocktake and identify any bad debts to be written off
  • Any new leases or loan agreements for tax deductible items (eg purchase of new car)
  • Proof of tax deductible super contributions (NB the super must RECEIVE the money in their account by 30 June and people can be caught using services like BPay which can take a couple of business days

Download a copy of the 2016 Tax Checklist. Or to organise to have one sent to you please contact or phone (07) 3359 5244

Appointments and Opening Hours

Our opening hours during tax season – from July to October – are as follows

Monday 8am-5pm

Tuesday 8am-5pm

Wednesday 8am-8pm

Thursday 8am-8pm

Friday 8am-5pm

Saturday 8am-1pm

To book your appointment, contact or phone (07) 3359 5244

Need friendly advice? Talk to our staff today about how we can help your business succeed.

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  • I’ve been dealing with Affinitas Accounting for about 3 years now and I have found them to be nothing but friendly and helpful. I’m a Bookkeeper and on occasions have been stuck with various accounting problems. Affinitas have not hesitated to spend time with me until the problem was solved. Any queries or questions have always been answered in a timely manner.

  • I highly recommend coming here for all your tax needs! They explain everything you need to know about tax thoroughly and go about there jobs professionally, always leave here with a cheery smile and satisfaction.

  • Affinitas Accounting has been so helpful with the restructure of my business. They made it an easy process and explained it in a language that was easy to understand. My ongoing tax and gst is all prepared by them, they’ve really taken the stress out of it all to let me focus on growing my business.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Rebecca & Russel Johns

    Since moving to Affinitas Accounting we have a clear understanding of companies and trusts. We have no hesitation in saying the team here will meet and then exceed your expectations! I never feel like i am annoying them. Thank you Team Affinitas

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Paul Maclaine

    Affinitas has looked after all our financial needs for our business and personal tax returns. We have been with our accountant for 10+ years. I have no hesitation in recommending Affinitas to anyone looking for an accountant or any financial advise. We have always found and received friendly professional and practical advise.

  • For the past 6 years, Tammy has been lodging our tax. The team always spend the time to explain how things will affect us and always manage to maximise our returns. We highly recommend the team to anyone we speak to and have had friends move to do their future tax with the team at affinities accounting. Couldn’t recommend them highly enough.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Kirsty Whittaker

    I’ve been using Deb from Affinitas Accounting now for many years and have found her to be excellent in looking after my taxation needs. I’m in Tasmania, Affinitas Accounting is in Queensland and distance is no barrier. She understands my business needs, everything is done in a friendly and efficient manner and I happily recommend to anyone looking for ‘down to earth’ taxation advice.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    David Williams

    We’ve been with Affinitas Accounting for over 5yrs when they were known as Online Accounting & Taxation Solutions. From our initial phone call with Brad looking for an accounting team that would meet our expectations as well as provide efficient service, we’ve been really impressed with the team’s professionalism, knowledge & expertise.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Allyson O'Connell

    Debbie is our accountant and has been for seven years. She is thorough and always does what she can to honestly get us the best return but always adheres to the ATO guidelines. We recommend her to our friends and wouldn’t take our business to anyone else. Thanks Debbie.

  • We have only been with Affinitas Accounting for the past 12 months but in this time they have by far exceeded our expectations of an accountant and far surpassed previously used accountants.
    Affinitas are not just about annual returns, BAS statements etc, they take the time to get to know you enabling them to provide advise to help you work toward personal & business goals.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Mark D’Andrea

    Can’t fault Affinitas.

    Have been coming here for years (when it was then called online tax). Deb has been happy to always go the extra mile and doesn’t mind dispensing helpful advice throughout the year.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Deagon Fixing

    I have been a client of Affinitas Accounting (previously Online) for the past 8 years. It is like a one stop shopping experience, all my needs were addressed in the one office.

    Thanks Affinitas you for all your assistance and I would strongly recommend them to anyone to use

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