The end of financial year can be a busy and stressful time for small businesses. Here are our top tips for Australian small businesses to ensure a stress-free EOFY and healthy start to the new financial year.
Following the Coalition’s election win, here are the key policies and issues which will impact businesses, individual taxpayers, retirees, and SMSFs.
Purchasing digital products such as movies, music, podcasts, e-books and more, is something that we all now do regularly. It’s important to consider that these purchases will potentially be subject to GST.
Estate planning seeks to not only distribute the assets of your estate but do so in a way that protects the estate, addresses issues within the estate, and fulfils your wishes. Contact us today to start your estate planning.
The Fringe Benefits Tax (FBT) year has ended with some hot issues targeted by the ATO. In this year’s updated ATO ‘hit list’, “What attracts our attention”, there are six items that specifically relate to FBT.
The Fringe benefits tax (FBT) year ends on 31st March. Here a few issues which employers often ask us about.
All Australian businesses are now required to report payroll information to the ATO via Single Touch Payroll as of the 1 July 2019. Learn more about STP and what it means for your business.
Every so often the Australian Taxation Office (ATO) sends a warning out to taxpayers indicating where their gaze is focused. Last month in a speech to the National Press Club, Tax Commissioner Chris Jordan did exactly that.
Imported goods below AU$1,000 are not currently subject to Australian import GST, however, the Australian Government announced in the 2016-17 Budget that from 1 July 2017, GST would be applied to imports of goods under AU$1,000 made by Australian consumers. This has now been postponed until 1 July 2018.
The new financial year has begun, so here are a few important dates for business owners to remember for income tax returns, employees and GST.
