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ALL POSTS SMSF ACCOUNTING SME BUSINESSES (not in used) PERSONAL Blog
May 6, 2024
Trust reporting changes from 1 July 2024
Changes to simplify reporting for trustees and beneficiaries are commencing from 1 July 2024 as a part of the Modernisation of Trust Administration Systems (MTAS) project. From that date, labels in ...
Feb 28, 2014
Increased ATO data matching to occur from 1 July 2014
SmartCompany have reported from 1 July 2014 that ATO data matching regime will be expanded to capture additional information that is not currently available to the ATO. The 2014/15 financial year ...
Jan 21, 2014
Division 293 – Additional tax for high income earners.
The ATO has announced that it will begin issuing notice of assessments for Division 293 tax for the 2012-13 year in early February 2014. The due date for payment of this tax will generally be 21 days ...
Jan 15, 2014
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, ...
Dec 23, 2013
Cash back for employers creating jobs
For businesses paying NSW payroll tax, they may be eligible to receive up to $5,000 for each increase in their full time equivalent (FTE’s) employees that have been created since 1 July ...
Dec 13, 2013
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. ...
Dec 3, 2013
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 ...
Nov 25, 2013
GST Fundamentals
For anyone who is commencing a business, it is important to understand the fundamentals of GST to ensure that any claims being made are legitimate and there are unlikely to be any unexpected ...
Nov 7, 2013
Government scrapping previous tax changes
The new Liberal Government is scrapping the majority of proposed tax changes put forward by the previous Labor Government. One of the more notable proposals to be scrapped is the capping of self ...
Oct 17, 2013
Submissions on the end of the Carbon Tax
The Australian Government will abolish the carbon tax from 1 July 2014. This will lower costs for Australian businesses and ease cost of living pressures for households. The Australian Government ...
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