On 1 July 2018, the Australian Tax Office (ATO) rolled out Single Touch Payroll (STP).
On 1 July 2018, the Australian Tax Office (ATO) rolled out Single Touch Payroll (STP).
Great news for small businesses with an annual turnover of less than $10 million!
When you dispose of an asset and make a capital gain, you may be liable for extra tax. There is no separate tax rate for capital gains. Instead, some or all of the capital gain is added to your assessable income and taxed along with your other income at your marginal tax rate.
Another year is over - how was it for you? Did you achieve everything you’d hoped? Are you better or worse off financially than you were this time last year? With a new year in front of you, what can you do to make the most of every moment?
We’ve put together a guide to get you started and plan for the year ahead.
AGS has once again been announced in the Australian Financial Review Top 100 Accounting Firms for 2018
The Australian Taxation Office (ATO) is launching an extensive data-matching program to identify taxpayers receiving income from short term rentals. Information from online platform sharing sites for around 190,000 Australians will be examined to identify taxpayers who have left out rental income and over-claimed deductions.
The Australian Tax Office (ATO) has changed the way penalty relief is applied to certain taxpayers as of 1 July 2018.
When it comes to your advertising, don’t let your small business get caught out making false or misleading claims.
In the first few months of the New Financial Year, many business owners are busy tying up their tax affairs. During this time it can be easy to lose sight of other business issues, especially legislative and compliance changes that have taken place at the start of the new financial year.
In today’s society, technological change is the norm - new opportunities are continually arising that change the way a business operates or improves products and processes. Businesses that are complacent can risk failing.
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