Summary of tax changes

Happy new year to all! I thought it would be useful to summarise some of the announced changes and non changes to the Governments tax policy. After all, we had a change of government last year, along with having three Prime Ministers in the same calendar year which was unprecedented in Australian politics. Announcements that are NOT...
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Small business’ last chance…….17 day’s left

New year’s eve will be upon us in 17 days and most of us will take time to reflect on the year that was and look forward to the opportunities and challenges of 2014. For small businesses (i.e. businesses with turnover of less than $2 million) the threshold for small business asset write offs drops from...
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ATO’s (x-ray) vision

The ATO has announced a number of initiatives that they would like implemented by 2020, which will completely change the way they interact with taxpayers and hopefully be more efficient for both parties. As reported by SmartCompany some of the ATO’s visions are: • Businesses will use software to keep their...
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