As COVID-19 turbulence starts to settle, the ATO is moving away from its supportive position and returning to its more usual compliance focus. That means taxpayers need to be aware their financial affairs will come under renewed attention in the…
Important Dates November 2021 Business Company Tax 31 October: 2021 Tax returns were due for lodgment for many individuals, companies & trusts. Contact me for assistance in lodging overdue returns & potentially avoiding ATO late fees & penalties. 1 July: Company tax…
How the ATO mines your data It was hard to miss the media splash about international tax evasion when the Pandora Papers were released, with local interest focussing on what Australian tax authorities would do with this massive trove of…
The new Director ID: Do you need one? It’s been a busy year for Australia’s two million plus directors dealing with the pandemic and lockdowns and there’s now a new task on their to-do list. From 1 November 2021, if…
How to avoid unwanted ATO attention Nobody wants to attract unwanted scrutiny from the ATO. Tax audits can be stressful and potentially costly. They are also increasingly well targeted, now that the ATO’s data matching capabilities are making it easier…
Important Dates October 2021 Business Company Tax 31 October: 2021 Tax return due for lodgment for many individuals, companies & trusts 1 July: Company tax rate decreased to 25% for base rate entities from 26% Superannuation 28 October: Pay September 2021 quarter Superannuation…
GST and the sale of your business property Selling your business property is a big decision and it’s easy to focus on the sale price, but this can be a costly error. Many owners forget to factor GST into their…
Five signs of a well-run small business Every small business owner wants their business to thrive, but it can be tough to keep the money coming in the door while staying on top of all the necessary paperwork. One way…
Important Dates September 2021 Business Company Tax Rate 1 July: Decreased to 25% for base rate entities from 26% Superannuation 1 July: Superannuation guarantee contributions increased to 10%, from 9.5%. Will continue to increase by 0.5% each financial year up to…
Future proofing your career with professional development “The only thing that is constant is change” – so said the ancient Greek philosopher Heraclitus and it continues to ring true today. Industries are changing, continuing to evolve in response to challenges (such…