Author: Ken Burk
What types of insurance should a business have?
Insurance often seems like an enormous waste of money… until you need the cover.
Warning About Distributions To Non-Resident Beneficiaries
The ATO’s recently released interpretation will have a significant negative impact for some.
All online accommodation providers now required to charge GST
Previously, offshore sellers of Australian commercial accommodation had been exempt from the rule.
What Tax Deductions Can Be Claimed For A Business?
Saving as much tax as possible is one way to give your business a greater chance of success.
What Tax Concessions Are Available For Small Businesses?
Depending on your specific circumstances, these may or may not be relevant for you.
The $11.1bn Small Business Tax Shortfall
The tax gap estimates the difference between the tax collected and the amount that would have been collected if everyone was fully compliant with the law.
Are Phones And Internet Considered A Fringe Benefit?
Generally, this scenario is labelled as an ‘expense payment fringe benefit’.
FBT And Uber Style Ride Sharing
Does the FBT exemption extend to employees using Uber for travel?
New Businesses Required To Lodge TPAR
Businesses that provide cleaning or courier services will now need to lodge a Taxable Payments Annual Report (TPAR).
60,000 Tip-Offs Helping The ATO To Find Tax Cheats
The ATO thinks the number of tip-offs will reach around 70,000 for the full financial year.
High Wealth Business Owners To Be Targeted By ATO in 2019
The tax office have identified that a large number of Australian high wealth individuals are not adhering to their tax responsibilities.
Crucial Tax Information For The New Financial Year
The tax office have made a few crucial notes for small businesses and taxpayers before they lodge their tax return.