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 [...]
Will your business be audited? The ATO is very upfront when it comes to their compliance activity. Every year they publish small business benchmarks that outline what a typical business [...]
The cash sitting in your superannuation fund (super) can be tempting, particularly if you are short of cash. But the reality is, there are very few ways you can take [...]
80% or less of the entity's assessable income must be passive in nature to access the reduced company tax rate. The good news is that, unlike the Exposure Draft, the [...]
What Are Business Activity Statements? Business activity statements are forms that are shared with the government of Australia that shares all of your profits and losses and also reports on [...]
