Home » taxation Bookkeepers are you up to date on all ATO changes that came into effect last year? The ATO introduced a number of legislative changes last year that will impact many small business. Here is a quick summary of the areas that may affect your business or your clients. Payments to contractors The …
Bookkeepers are you up to date on all ATO changes that came into effect last year? Read More »
Legislation passed at the start of this month, regarding the instant asset write-off for small and medium sized businesses with a turn-over of less than $50million. There are now three tiers of threshold that bookkeepers, accountants and tax agents need to be aware of for this financial year and next. Thresholds …
Tips to Coding the Instant Asset Write-Off Post Budget Read More »
If you are a Tax financial advisor who has registered with the Tax Practitioners Board (TPB) under the Notification or Transitional option, are you aware that you will have to fulfil a number of requirements before you can re-register under the Standard Option? To apply to register or renew your registration as a tax (financial) …
A report titled ‘The rise and rise of tax compliance costs for the small business sector in Australia’, by Philip Lignier of the University of Tasmania and Chris Evans of the University of NSW, revealed the time spent on tax compliance has increased fourfold in 17 years, while the cost has more than doubled. The …
Shutting down your business over Christmas Before you decide to shut down your business, you need to check that there is a term in your award or agreement that allows you to require your employees to take paid annual leave. If your award or agreement doesn’t let you require your employees to take paid leave, …