"Ajen is an accountant who is down to earth and genuinely interested in their clients prospering."
"As a trusted advisor you guided our business back on course when the outlook was far from positive and we look forward to your continued assistance into the future"
"His attitude towards his work and my portfolio has been exemplary. He always finds time for me at short notice and is a benefit to all."
"Ajen always has a high standard of professional manner. He continued to give me good advice and is a reliable person, helpful in sorting out problems and finding solutions easily."
"Ajendra has made himself available sometimes even after normal business hours, to assist us with any questions we have, even when sometimes they may have seemed silly or simple, he has answered in full and easy to understand terminology, at no point has he ever made me feel silly for asking."
"He is always accessible to speak with and even calls me to ask if I need help with anything."
"Ajendra's willingness to dedicate "caring time" to his clients sets him apart from others."
"I am confident to refer friends and family to his team because I know they are in the most capable hands. Ajendra’s honest, caring and upbeat nature has been an absolute godsend and I am so thankful that our paths crossed"
"Ajendra’s speaks with you in a language that you can understand and comprehend easily which assists in equity and partnership with your tax agent."
"We find you have a personal approach to your accounting practice, which makes everyone feel like number 1. This is a rare and special trait, and leaves us knowing we are in good hands."
"He is very astute, and at the same time down to earth and really interested in his clients prospering. For people like us who are new to small business this is an absolute god sent."
"He shows a genuine interest and I never feel rushed. He has created a warm and friendly environement."

Warning on ATO data matching “lifestyle” assets and your business

Data matching programs are a major compliance tool at the ATO and taxpayers need to be aware of them.

 

The ATO has announced/extended a number of data-matching programs recently. This includes lifestyle assets data matched from insurance providers for 2023–2024 to 2025–2026 for specified classes of asset where the asset value is equal to or exceeds nominated thresholds.

The assets and thresholds covered are:

  • caravans/motorhomes: $65,000;
  • motor vehicles including cars, trucks and motorcycles: $65,000;
  • thoroughbred horses: $65,000;
  • fine art: $100,000 per item;
  • marine vessels: $100,000; and
  • aircraft: $150,000.

The aim is to determine any tax risks relevant to businesses that the ATO is keen to address. This includes the omission or incorrect reporting of income and/or capital gain; omission or incorrect reporting of FBT, incorrect GST credits claims, use of assets in SMSF in breach.

This highlights the need to review your business assets to determine if you have such assets held and if these have been treated correctly in your accounts.

 

 

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