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April – 2016 Practice Update

April – 2016 Practice Update covers following points ATO reminder – What’s new for small business? ATO sounds warning to super funds with ‘collectables’ Government set to re-think the backpacker tax ATO releases latest business benchmarks GIC and SIC rates for June quarter Click here for – April – 2016 Practice Update

February – 2016 Practice Update

February – 2016 Practice Update covers following points ATO announces two important data matching protocols Tax help for people affected by recent bushfires Warning to employers to withhold tax from some car allowances Taxpayer misses out on small business CGT concession March quarter GIC and SIC rates Extra time for foreign investors to register agricultural…

2015 Summer Newsletter

Once again another year has flown by, and we find ourselves half way through the tax year. On the sporting front this year, Prince of Penzance beat the odds and saw Michelle Payne emerge as the first ever female Melbourne Cup winning jockey. The AFL Grand Final saw the Hawks once again victorious, this time…

December – 2015 Practice Update

December – 2015 Practice Update covers following points Reminder of small business tax cuts ATO supporting small business to implement SuperStream ATO reviewing taxable payments annual reports Guidance regarding the payment of death benefits ATO’s Visa Data Matching Program Click here for – December – 2015 Practice Update

November – 2015 Practice Update

November – 2015 Practice Update covers following points Immediate deductibility of capital start-up expenses Data matching program – on eBay online sales New multi-agency approach to fight serious financial crimes ATO and United States IRS share bank information Small Business Protections from unfair contract terms ATO moves on cafés & restaurants The ATO and its…

Tax Tips for the Small Business Owner

Operating & running your own business can be very rewarding. It is always good to have a basic understanding of the compliance requirements set by the ATO. However, with rules constantly changing, it can be difficult to keep up and safely determine the claims that can be made within your industry benchmarks. Listed below are…

October – 2015 Practice Update

October – 2015 Practice Update covers following points GST on all (taxable) online transactions from 1 July 2017 NZ changes to GST imports to affect our exporters Holiday rentals under the microscope Credit and debit cards data-matching program Taxpayers can apply to the ATO for a market value ruling Pay GST instalments quarterly and report…

September – 2015 Practice Update

September – 2015 Practice Update covers following points ATO’s apps and other online tools The ATO’s new approach to dispute resolution ATO data matching program – visa holders New guidance from ATO regarding GST for Uber (and similar) drivers Registering an SMSF for an ABN Click here for – September – 2015 Practice Update

August – 2015 Practice Update

August – 2015 Practice Update covers following points Data matching to be expanded on individual returns Three more tax changes for small business Reasonable Overtime Meal Allowance Amounts – 2015/16 Builders and contractors annual payment report Change to the way taxpayers claim work-related car expense deductions 81 year-old WA pensioner loses $110,000 in tax scam Tax…

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