Emily Kermac Archive
Small BusinessTax
As a general rule, smaller businesses tend to use cash accounting because it is not as complex as non-cash accounting.
Tax
The ATO have again flagged that under-reporting of foreign income is an issue.
Small Business
Payments of $10,000 or more will need to be made electronically or by cheque.
Small BusinessTax
The tax office are continually warning small businesses of their sophisticated data matching and analysis tools which are pointing out all dodgy lodgements.
Tax
The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses.
Small BusinessTax
It indicates a stricter stance against cheating taxpayers in 2019.
Small Business
Some employers in Australia have an obligation to pay payroll tax, while others do not.
Small Business
These rates regularly change, typically in February and August, in line with fuel excise indexation and the consumer price index (CPI).
Small BusinessTax
From 1 July 2015, the ATO reduced your options for claiming car expenses down to two methods.
Tax
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
Tax
April 21 - March Monthly Instalment Activity Statement (IAS) due
April 28 - March Quarterly Business Activity Statement (BAS) due, if self-lodging
