TPAR – do you need to report? From 1 July 2019, the taxable payments reporting system (TPRS) expanded to include payments a business makes to contractors who provide any of the following relevant services on their behalf: Road freight services Security, investigation...
WHAT CAN I CLAIM AGAINST MY TAX? It’s tax time again – what can you claim to reduce your tax? Please take just 2 minutes to read this blog article. We’ll explain: Deductions you can claim The importance of a fantastic tax accountant The “tax trap” you need to avoid...
BUSINESS UPDATE We are pleased to announce our forthcoming merger with CGA Accounting our CBD based accounting firm within our Parent group of companies. The merger is scheduled to take place officially on 1 July 2019, at which time our combined business will begin...
ATTENTION BUSINESS OWNERS – IMPORTANT INFORMATION CONTAINED BELOW WHY SHOULD YOU LODGE AN FBT RETURN? Even though Fringe Benefits Tax (FBT) is designed to capture benefits enjoyed by an employee, it is levied on the employer. Unless your employment agreement allows...
From September, the Australian Business Register (ABR) may contact you or your clients. The ABR will contact a random sample of Australian business number (ABN) holders across all entity types to: confirm their business information discuss how they use the ABN, and...
Whether or not a property is business real property is a common question faced by members who own a property personally and want to transfer it to their SMSF. While the term ‘business real property’ seems to suggest that a property has to be a commercial property (or...
The Commissioner of Taxation will adopt the Full Federal Court’s interpretation of a “place of abode” following the decision in the Harding tax residency case, but he stressed that each case will turn on its individual circumstances. The ATO has released its decision...
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