Archive for category: Tax
News
The ‘Backpacker Tax’ and the High Court
The High Court has ruled that the ‘backpacker tax’ is discriminatory. We look at the impact.
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The Basics of Business Activity Statements (BAS)
Let's look at the basics of BAS. Depending on the size of your business, you will need to complete and lodge a BAS form between one and twelve times a year.
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If Santa was an Australian tax resident
A lighter look at the complexity of Australian taxation laws and the year that has been.
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ATO reminder regarding inactive ABNs
The ATO has advised that inactive Australian Business Number’s may soon be automatically cancelled in a current review. Those who are unsure if their ABN is still active or not should get in touch with their accountant or bookkeeper.
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The top Christmas tax questions
Every year, we are asked about the tax impact of various Christmas or holiday related gestures. In this article we take a look at some of the top issues.
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Business and personal expenses should not be mixed
There are certain things in life that blend well and others that absolutely don’t. Personal and business finances are the type of thing that shouldn’t be mixed.
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Overseas gifts and loans in the spotlight
The ATO has recently issued an alert on gifts or loans from overseas. They are particularly concerned about schemes and arrangements designed specifically to circumvent Australian tax laws.
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How to set up your Director ID
Directors are now required to register for a unique identification number that they will keep for life. The introduction of the Director Identification Number (DIN) is part of the Government’s Modernisation of Business Registers (MBR) Program creating greater transparency, and preventing the potential for fraud and phoenix company activity. So, who needs one? What is the timeframe to apply and how do I set it up?
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