Author: Emily Kermac

Small Business, Tax

Cash Accounting vs Non-Cash Accounting For Reporting GST

As a general rule, smaller businesses tend to use cash accounting because it is not as complex as non-cash accounting.

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Tax

ATO Take ‘Gloves Off’ On Overseas Income

The ATO have again flagged that under-reporting of foreign income is an issue.

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Small Business

Government To Restrict Business Cash Payments

Payments of $10,000 or more will need to be made electronically or by cheque.

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Small Business, Tax

The Tax Time Crackdown On SMEs

The tax office are continually warning small businesses of their sophisticated data matching and analysis tools which are pointing out all dodgy lodgements.

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Tax

Be Careful With Claiming Laundry Expenses

The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses.

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Small Business, Tax

ATO Warns Small Business As We Enter Tax Time

It indicates a stricter stance against cheating taxpayers in 2019.

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Small Business

What Is Payroll Tax And Do I Have To Pay It?

Some employers in Australia have an obligation to pay payroll tax, while others do not.

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Small Business

Fuel Tax Credit Rates Have Increased

These rates regularly change, typically in February and August, in line with fuel excise indexation and the consumer price index (CPI).

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Small Business, Tax

Claiming Car Expenses: Cents Per Km or Logbook Method?

From 1 July 2015, the ATO reduced your options for claiming car expenses down to two methods.

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Tax

Important Tax Dates: May 2019

May 21 – April Monthly Instalment Activity Statement (IAS) due
May 26 – March Quarterly Business Activity Statement (BAS) due, if lodging through a BAS or tax agent

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Tax

Important Tax Dates: April 2019

April 21 – March Monthly Instalment Activity Statement (IAS) due
April 28 – March Quarterly Business Activity Statement (BAS) due, if self-lodging

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Instructional Videos

Cents Per Km or Logbook Method?

Which method for car claiming is best for you?

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