June 27, 2019
GST reporting: common errors and how to correct them
Some businesses are making simple mistakes reporting their GST. Common GST reporting errors are: transposition and calculation errors – these mistakes often happen when manually[…]
June 23, 2019
LRBAs, guarantees in need of review after property market falls
With property markets taking a tumble in recent times, some SMSF clients may need to review the loan arrangements and guarantees they have, particularly where the loan-to-value ratio has significantly dropped, says an industry lawyer.
June 20, 2019
Victorian Property Valuation Cycle
Valuations of Victorian properties are now undertaken annually instead of every two years.
June 16, 2019
Australia – toward EOFY 2019
One great source of data about Australia. Become better acquainted with the country we love. An up-to-date snapshot of Australia’s vital statistics. Please click on[…]
June 12, 2019
ATO expects 200,000 to miss out on refunds by failing to lodge
The ATO expects that 200,000 people could miss out on a tax refund this year because they haven’t lodged a tax return. Many salary and[…]
June 9, 2019
Biggest personal tax cuts in a decade a priority for Government
Prime Minister Scott Morrison has signalled that getting his tax changes through parliament will be a top priority for his re-elected government. As per Treasurer Josh Frydenberg’s[…]
May 29, 2019
ATO issues warning after ‘unprecedented’ spike in impersonation scams
Over $1 million in losses and more than 40,000 impersonation scams has raised alarm bells at the tax office, with clients warned on impersonated ATO phone numbers[…]
May 25, 2019
Crypto transactions in ATO sights with new data-matching program
Up to 1 million taxpayers who have engaged in buying, selling or transferring cryptocurrency will now be subject to ATO scrutiny as it begins a new data-matching program ahead[…]
May 21, 2019
Government to establish $2 billion fund for small business lending
The Government has announced that it will establish a $2 billion Australian Business Securitisation Fund and an Australian Business Growth Fund to provide longer-term equity[…]
May 17, 2019
Small business corporate tax rates Bill is now law
The company tax rate for base rate entities will now reduce from 27.5% to 26% in 2020–2021, and then to 25% for 2021–2022 and later[…]