A proposal to change the R&D tax incentive from July 1 2018 was proposed in the recent Federal Budget. The changes are as follows: For companies under $20M If you [...]
The Commissioner on Taxation has released an announcement. A data matching program between the Australian Taxation Office (ATO) and online accommodation platforms will commence soon. All information (including bank account [...]
The treasury has released a draft legislation that may make a company director personally liable for Goods and Services Tax (GST). The Commissioner of Taxation may receive powers of making [...]
If you enjoy the products and services that we offer or the expert advice that we provide, you might want to give us a review! It's easy! All you have [...]
Generational succession sounds simple enough. ...until things go out of hand and the family is in dispute. For starters, it’s important to note that generational succession must be managed as closely [...]
Dick Smith's nationalistic brand announces its closure in the same month that desperate farmers plead with the public to pay a few cents more for their dairy products. The question [...]
Every year, the Australian Taxation Office (ATO) compiles the tax data they collect. They recently released 2015-16 ‘tax stats’ encapsulate the data from 16 million income tax returns lodged for [...]
The occupation with the highest average salary is a surgeon on $393,467. Second highest are anaesthetists, followed by internal medicine specialists, and psychiatrists. Legal practitioners came in seventh on an [...]
From 1 July 2018, the taxable payments reporting system will extend beyond the building industry to cleaning and couriers. This means that these businesses have to report payments they make [...]
With 23% of Australian employers now regularly engaging temporary personnel, it's apparent that contract work is on the rise. According to the Bureau of Statistics, there is currently an estimate [...]
