Author: Ken Burk

Small Business

What Tax Concessions Are Available For Small Businesses?

Depending on your specific circumstances, these may or may not be relevant for you.

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Small Business

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.

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Small Business, Tax

Are Phones And Internet Considered A Fringe Benefit?

Generally, this scenario is labelled as an ‘expense payment fringe benefit’.

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Small Business, Tax

FBT And Uber Style Ride Sharing

Does the FBT exemption extend to employees using Uber for travel?

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Small Business, Tax

New Businesses Required To Lodge TPAR

Businesses that provide cleaning or courier services will now need to lodge a Taxable Payments Annual Report (TPAR).

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Tax

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.

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Small Business, Tax

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.

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Small Business, Tax

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.

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Small Business

Can I Claim An Input Tax Credit?

They are credits which can be claimed for the amount of GST included in the price of goods that you buy for use in your business.

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Small Business

Extension & Increase To The Instant Asset Write-Off For Small Businesses

Assets will need to be used or installed ready for use from Budget night until by 30 June 2020 to qualify for the higher threshold.

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Community, Tax

myGov Is More Pain Than Gain For Accountants

myGov has become a target for criticism as certain faults are creating significant pain for tax and BAS agents, and, in turn, their clients.

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Tax

Warning For Tax On Overseas Income

Do you earn income overseas? A recent case highlights why you might pay more tax than you thought on foreign income. 

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