Proposed Changes to Research and Development Tax Incentive
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 [...]
Directors may be liable for GST
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 [...]
Cleaners and Couriers Latest Black Economy Target
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 [...]