ATO targeting fringe benefits tax
The ATO has fringe benefits tax (FBT) in its sights this tax time with a crackdown on employers that are deliberately ...
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Speed up your BAS refund
As in any business, cash flow is a necessity. Having your business activity statement (BAS) refunded to you ...
A guide to negative gearing
Negative gearing is a common tax strategy used by property investors to offset the costs of owning a ...
ATO to report unpaid debts
The Mid-Year Economic and Fiscal Outlook 2016-17 announced that from 1 July 2017, the ATO will disclose business ...
Rates increase for fuel tax credits
Fuel tax credit rates increased on 1 February 2017. These rates are indexed twice a year, in February ...
CGT events affecting shareholders
There are a number of capital gains tax (CGT) events that could affect you as a shareholder. Capital ...
Claiming depreciation on investment property
Rental property investors have access to a range of tax strategies. One such strategy, which is often underutilised, ...
CGT exemptions for depreciating assets
The disposal of a depreciating asset may incur capital gains tax (CGT) if the asset has been ...
Common GST mistakes
Despite the Australian Tax Office’s education campaign on GST reporting, many small business owners continue to ...
New PAYG withholding rates
Following an announcement in July,the Australian Government recently increased the 32.5 per cent tax threshold from $37,001 – $80,000 ...
Investing in business real property
Investing in a business premise through a self-managed super fund (SMSF) is popular investment strategy among small business owners ...
Selling your business GST Free
Business owners preparing for the sale of their business can take advantage of the “going concern” exemption which ...