ATO processing delays

The ATO are currently experiencing lengthy delays in processing tax returns due to a major system upgrade recently undertaken. Please note that any delays you are experiencing are beyond the control of BCV Accounting. The ATO recently provided the following status update: We have processed around one million...

PAYG Variations – Property Investors can improve their cashflow!

One way in which a property investor can improve their cashflow is by lodging a PAYG variation. A PAYG variation is an application to the ATO requesting that your employer reduce the amount of tax withheld from your regular salary or wage payments, to reflect the expected rental loss from your investment...

Why am I paying quarterly tax instalments?

PAYG (pay as you go) Instalments is a system for paying instalments towards your expected tax liability on your business and investment income for the current income year. Your actual tax liability is worked out when your annual income tax return is assessed. Your PAYG instalments for the year are credited...