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
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
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
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
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 Read more about ATO Crack downs[…]
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 Read more about Why is the Australian Tax System Unique?[…]
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 Read more about Let the ATO help fund your business: The new and improved Research and Development Credit[…]
[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 Read more about ATO expands cash economy data matching program[…]
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 Read more about ATO perspectives on large business[…]