Category: Tax
All online accommodation providers now required to charge GST
Previously, offshore sellers of Australian commercial accommodation had been exempt from the rule.
Can the tax office take money out of your account? It’s your right to know.
If the ATO has queries or suspects something is not right, you need to be able to respond.
New Year, new accountant?
Whilst you are sipping a cocktail on the beach or spending time with family over the holiday period, you might find that the downtime helps to clear the mind.
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.
The tax deductibility of Christmas gifts and parties to staff
Christmas parties are considered to be “entertainment benefits”. Therefore, the expenses may be subject to fringe benefits tax (FBT).
Melbourne small businesses receiving in-person visits from ATO
Supposedly, up to 800 businesses will be targeted by the ATO and Fair Work Ombudsman.
Are You A Cryptocurrency Consumer, Investor Or Trader?
For tax purposes, it is very important to know what category your cryptocurrency activity falls within.
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.
How To Know If You Are Dealing With A Dodgy Tax Agent
In the 18/19 financial year, the tax office received more than 200 tip-offs about accountants who were making inaccurate claims for their clients.
ATO Take ‘Gloves Off’ On Overseas Income
The ATO have again flagged that under-reporting of foreign income is an issue.
Are Phones And Internet Considered A Fringe Benefit?
Generally, this scenario is labelled as an ‘expense payment fringe benefit’.
The Difference Between Income Tax And Instalment Tax
PAYG instalments are prepayments only, and they are cash flow items in your business. They are not the actual result.