Tax clinic trial to reduce tax regulatory burden To help reduce the regulatory burden on businesses, including the tax burden, the government has allocated $1 million to set up 10 tax clinics across Australia under a trial program based on the Curtin University Tax Clinic. Each clinic will receive up to $100,000 for 12 months […]
Single Touch Payroll – for employers The ATO has released a guidance note on the payroll reporting requirements that will come into effect for employers with 20 or less employers from 1 July 2019. Understanding the rules Single Touch Payroll is the next step in streamlining your payroll reporting. It will change the way […]
Do you know about the many benefits of cloud accounting? We have compiled a simple explanation comparing cloud accounting measures with traditional methods so you might be able to decide whether, or not, cloud accounting is for you. Firstly, what is cloud accounting? We want to make sure you understand the difference between ‘in the […]
Work-related tax deductions down for 2018 ATO’s expenditures to raise awareness and sentience to close the tax gap for individuals have been followed by a drop in the overall value of work- related deductions for tax time 2018. Commissioner Chris Jordan has reported that taxpayers are seemingly more cautious when claiming work-related expenses in their […]
“QuickBooks, MYOB and Xero are all terms you would have come across if you are in search for cloud-based accounting software for your business. For traditional businesses many would only have come across these terms within the last decade or two, in line with globalization and the rapid emergence of digitalization. So what exactly is […]
This Ruling discusses when supplies of goods are connected with Australia under subsections 9-25(1), (2) and (3) of A New Tax System (Goods and Services Tax) Act 1999 (GST Act).For a supplier to be liable for goods and services tax (GST) on a taxable supply, one of the requirements is that the supply must be […]
