2019 Tax Planning – Businesses
Cash flow is incredibly important to all businesses and cash flow dictates what a business can and cannot do. One [...]
2019/2020 FEDERAL BUDGET HIGHLIGHTS
The Federal Budget handed down last night by the Treasurer Josh Frydenberg has generally been agreed to be a [...]
SINGLE TOUCH PAYROLL – New legislation
Legislation passed on Tuesday 12 February 2019 now requires employers with 19 or less employees to use Single Touch [...]
DIVISION 7A – PROPOSED CHANGES
Division 7A of the Income Tax Assessment Act 1936 (ITAA 1936) sets out the rules pertaining to how a loan, [...]
LONG SERVICE LEAVE – CHANGES TO ENTITLEMENTS IN VICTORIA
With effect from 1 November 2018 there are new rules governing long service leave (LSL) entitlements for employees within Victoria [...]
VICTORIAN GOVERNMENT’S VACANT RESIDENTIAL LAND TAX
Unlike the Federal Vacancy Tax, the Victorian Vacant Residential Land Tax (VVRLT) is not limited to foreign residents. It is [...]
2018/19 FEDERAL BUDGET – BUSINESSES
The Federal Budget did not deliver much to businesses other than the extension of the immediate asset write off [...]
SINGLE TOUCH PAYROLL
From 1 July 2018 employers with 20 or more employees will now need to use 'Single Touch Payroll' enabled software to [...]
CRYPTOCURRENCY, TAX AND YOU! WHAT YOU NEED TO KNOW FROM A TAXATION PERSPECTIVE
Due to the worldwide explosion of the cryptocurrency market it is only natural that the Australian Taxation Office (ATO) [...]
SMALL BUSINESS ENTITIES [SBE] (WITH AGGREGATED TURNOVER OF LESS THAN $10.0M)
From 1 July 2016 you are considered to have a small business entity (SBE) if you are a sole [...]