Author: Catherine Frost

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Blog, Community Support, Small Business, Tax

Business in a post pandemic environment

Countries that have experienced the worst of the pandemic give Australian businesses an insight into what to expect in a post-lockdown environment.

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4. Cf Your Smsf
SMSF

Your SMSF: when expenses and investments are not at arm’s-length

We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members). We’ve set out some of the common questions and answers.

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Small Business, Tax

Penalties will recommence: ATO restarting debt recovery action

Taxpayers defaulting on tax debts and lodgement requirements can soon expect contact from the ATO as it confirms the recommencement of its compliance actions in the wake of JobKeeper concluding.

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The risks early lodgers face
Tax, Uncategorized

The risks early lodgers face

Tax time is near, but the ATO is urging individuals to take extra time when preparing their tax return to minimise their risk of making a mistake.

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Business Owners Now Personally Liable For Gst Compliance
Small Business

Business owners now personally liable for GST compliance

From the start of April 2020, the tax office will be deeming directors as entirely liable for their company’s GST responsibilities. The additional liability is an extension of the already existing DPN (Director Penalty Notice) regime. Previously, the regime had applied to PAYG withholding and superannuation guarantee liabilities, but the extension also covers GST, luxury […]

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Community, Small Business

What deductions can be claimed if you run your business from home?

You might be able to claim a range of expenses related to the portion of your home set aside for your business.

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Small Business, Tax

Melbourne small businesses receiving in-person visits from ATO

Supposedly, up to 800 businesses will be targeted by the ATO and Fair Work Ombudsman.

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