Tag: ATO


Business Matters – January 2014

27

Jan 2014

Business Matters – January 2014

Newsletter This newsletter includes the following interesting articles: Protecting personal information Be wary of GST clauses in contracts PPSA deadline looms Update on employment laws New Year’s resolutions for 2014 Planning for the Super Guarantee rate rise ATO reminder about RFB Record keeping for businesses Important tax dates


Business Matters – August 2013

08

Aug 2013

Business Matters – August 2013

Please click on any of the links below to view the August 2013 newsletter which includes the following interesting articles: Changes to car fringe benefits Wage changes Division 7A benchmarks Book review How much choice is too much? Loss carry-back options ATO compliance radar


Business Matters – February 2013

18

Feb 2013

Business Matters – February 2013

We have included a few interesting articles which you may find useful in helping your business improve and succeed. The articles include: The year ahead ATO debt collection options Protecting business assets Small business tax concessions Obtaining a sales edge in 2013


Business Matters – Quarter 2, 2012

12

Jun 2012

Business Matters – Quarter 2, 2012

Please click on any of the following links to view the newsletter: The rise of online competition PPSR – benefits and consequences How to create a positive work environment PAYG and Superannuation crack down Statute of limitations and Division 7A Book Review


ATO Crack downs

05

Mar 2012

ATO Crack downs

The ATO is under pressure to recover lost ground after relaxing its position during the global financial crisis. One of the areas it intends to improve revenue is by targeting contractors. The ATO has warned that it plans to use information from labour hire firms and increased auditing in attempt to improve compliance for contactors through the 2012-13 financial year. During 2012, the ATO will...

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Why is the Australian Tax System Unique?

07

Apr 2011

Why is the Australian Tax System Unique?

As per the Australian Institue of Chartered Accountants magazine for April 2010:  Australia has one of the most complex tax systems in the world  There are roughly 5,700 pages of income tax legislation in Australia  Australians currently pay 125 taxes; of these, 10 taxes collect 90% of the revenue  The number of taxes rise to 259 when you consider that states have different taxes  73%...

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Let the ATO help fund your business: The new and improved Research and Development Credit

22

Jun 2010

Let the ATO help fund your business: The new and improved Research and Development Credit

On 12 May 2009 the Government announced it will replace the existing Research & Development (‘R&D’) Tax Concession with a new R&D Tax Credit. The R&D Tax Credit is planned to come into effect from 1 July 2010.The benefit of a refundable tax credit over a tax concession is that R&D companies are often cash poor and ideas rich. R&D outlayed during the year can...

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ATO expands cash economy data matching program

20

Mar 2010

ATO expands cash economy data matching program

[News release from the ATO on 29 March 2010] In its continuing effort to detect businesses operating in the cash economy, especially in high risk industries, the ATO has recently expanded its data matching program on two fronts. The program now includes data from banks that identify credit card and EFTPOS sales made by Australian businesses, and data from the sale of plasterboard in NSW...

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22

Feb 2010

ATO perspectives on large business

The Deputy Commissioner, Large Business and International (Case Leadership), Mr Jim Killaly, has given a speech on the Tax Office’s perspectives on the large business sector. Interesting points made by Mr Killaly included the following: • there is a significant concentration of cross-border activity in the large business segment which has intensified with the increasing internationalisation of the Australian economy and the globalisation of capital...

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