Company Directors to be Tracked on New Register
Draft legislation to modernize the business registry regime is currently under review in parliament. The new laws include the establishment of a Director Identi
By Jeff Little | |Draft legislation to modernize the business registry regime is currently under review in parliament. The new laws include the establishment of a Director Identi
By Jeff Little | |From the 2017/18 financial year, a company will qualify for the lower corporate tax rate of 27.5% if: 80% or less of the company’s assessable income is con
By | |The regulator is sick and tired of hearing about the corporate collapses that occur within the industry. The collapses leave millions of dollars owing to subbie
By | |Cloud computing is far from new… but are you aware of the huge potential benefits of a well-defined cloud strategy for small business? Improved operational e
By James Mills | |Accounting & Tax As of 1 July 2018, the go
By Adam Hurwood | |With funding announced in the federal budget, the ATO will now have further resources to increase their compliance audit activities. Key target areas will be bu
By Adam Hurwood | |As part of the black economy package within the 2018 Federal Budget, the government announced it would be removing tax deductibility of non-compliant payments.
By Jeff Little | |As this financial year begins to come to a close, we begin to reflect on the year that was and the year to come. For some, there are some key compliance issues
By Matthew Ramsay | |A few months ago, we talked about getting ready for STP reporting. Details of that article can be found here. With the 1 July 2018 fast approaching, our checkl
By | |The ATO have been threatening a crackdown on fringe benefits that small to medium business are providing to owners, employees and their associates. Areas the A
By | |So you’ve just sold your cryptocurrencies and made your millions? Maybe that wasn’t you, don’t worry I missed the boat in making my millions too. Bu
By Adam Hurwood | |With same-sex marriage laws passed in December, the first ceremonies took place before Christmas. With many happy couples now able to legally marry, will this c
By Adam Hurwood | |With Christmas less than two weeks away, most business owners are head down, tail up either dealing with the annual rush of the Christmas trade period or workin
By Jeff Little | |Small Businesses have access to numerous tax benefits, many of which haven’t changed for several years. The decision by the government to change the definitio
By Matthew Ramsay | |Single Touch Payroll (STP) is an initiative by the Australian Taxation Office (ATO) which will significantly change payroll processes for employers. What does i
By | |As part of the 2016-17 Federal Budget, the government announced that it intended to progressively reduce the corporate tax rate, with small business being the f
By Adam Hurwood | |The ATO believe millions of dollars can be saved by denying taxpayers overstated work related expense claims. The taxpayers in the firing line are those whose w
By | |As of 1 July 2017, the sale of any real estate over the value of $750,000 will be subject to withholding tax of 12.5%, withheld from the seller by the purchaser
By Adam Hurwood | |As 30 June quickly draws near, it is not too late for a review of your current tax position. Every year a tax planning review before 30 June will ensure reporti
By | |This month we saw Scott Morrison present his second federal budget as treasurer, announcing few "big ticket" changes to taxation. In response, the Opposition ha
By Jeff Little | |