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 [...]
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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 [...]
Highest Earning Job Roles in Australia
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 [...]
Small Business Superannuation Clearing House (SBSCH)
Making things easier. Designed to make the super contribution process much easier, the Small Business Superannuation Clearing House (SBSCH) is a superannuation payment service (administered by the ATO) made available [...]
Tax Payable Over the Next 7 Years To be Reduced
Here are some things you should know about the reduction of tax payable over the years. * With the passing of income tax legislation, a reduction in your tax payable [...]
New HELP Repayment Levels Now Implemented
All individuals with an accumulated (HELP) debt earning about $45,000 are now obliged to pay at least 1% of their income to the Australian Taxation Office (ATO). This is to [...]
$20k Accelerated Deductions for Small Business Extended Another Year
The ability for small business entities to claim an immediate deduction has been extended for another 12 months. This is for assets costing less than $20,000. Extension will be until 30 [...]