Tax
CategoryIncrease to fuel tax credit rates
The ATO has increased fuel tax credit rates from 4 February 2019. As fuel tax credit rates are updated regularly, it is important to check..
Made a mistake on your BAS? Here’s what you need to know
Lodging a business activity statement (BAS) is something all business owners will be familiar with, however, mistakes can still be made. Y..
2019 Budget: Rewarding working Australians
The 2019 Federal Budget focuses on rewarding working Australians, with the emphasis on a two-pronged approach for “hard-working” individua..
Getting your GST at settlement right
The ATO has seen a number of common errors made on forms submitted by property purchasers since changes were made to the way GST is collec..
Changes to personal income tax
The Personal Income Tax Plan has gone through recent changes regarding rates, thresholds and offset entitlements. These changes were annou..
PAYG withholding: New penalties for non-compliance
New penalties for business’ pay-as-you-go (PAYG) withholding and reporting obligations will commence 1 July 2019. The new legislation will..
Determining whether GST is for business or private use
The goods and services tax (GST) is applied to most goods and services sold in Australia, taxed at a rate of 10%. If you run a business, y..
ATOs small business benchmarks
The ATO small business benchmark guides are designed to help small businesses compare performance with similar companies in the same indus..
STP extension for small businesses
The ATO has released a statement in relation to transitioning to Single Touch Payroll (STP) for small businesses. Parliament has passed le..
“Building a Better Tax system” What does this mean for you?
The Australian government has launched the Better Tax campaign in order to help inform the public of tax reforms coming into effect. Desig..