Have you run a small business that has ceased or paused operations? Or perhaps you’ve been hired as an ABN contractor? The ATO is cleaning up the Australian Business Register…
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Have you ever considered joining a site like Airtasker to make some extra cash? If so, you’ll need to keep the ATO happy. Here, we explain the tax issues that…
Single Touch Payroll (STP) is a new regulation that changes when and how small businesses report payroll activity to the Australian Tax Office (ATO). So, what is Single Touch Payroll, and…
Many homeowners are not aware that the “main residence” rules exempting the family home from capital gains tax (CGT) are in fact quite complex and contain many traps. It pays…
Millions of Australians are now using the “sharing” economy to earn some extra money on the side. Thanks to smartphones and user-friendly app technology, people young and old are using…
The government’s latest initiatives targeting non-compliance with superannuation guarantee obligations give businesses plenty to think about. With Single Touch Payroll on the way for small businesses and a proposed 12-month…
DID YOU KNOW FROM 1 JULY 2018, GST WILL APPLY TO SALES OF ALL GOODS TO AUSTRALIA? The previous $1,000 low-value threshold will no longer apply and those businesses that…
Combating the black economy has been a key priority of the government in recent years. To reduce business activity that takes place “under the radar” of the tax system, new…
Over the past year we’ve seen a number of tax incentives on offer for small business, including a reduction in the company tax rate, an increase in the instant asset…
As a part of anti-phoenixing measures, the government is seeking to introduce a “director identification number” (DIN), a permanent and unique identifier to track directors’ relationships across companies. It will…