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New ATO Powers - International Exchange of Tax Information

We urge all of our clients to ensure you carefully check and disclose all foreign income (both here and abroad), now that new global reporting standards have recently commenced. The Common Reporting Standard (CRS) is the single global…

Tips for clients during WORK RELATED CAR EXPENSES crackdown

The ATO has warned that they will be paying close attention to claims for work-related car expenses this year and is reminding people to keep appropriate records. It reports that over 3.75 million people made a work-related car expense claim…

ATO says BITCOIN is not money – it is….

The term cryptocurrency is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on the blockchain. Cryptocurrency generally operates independently…

Superannuation Guarantee (SG) Amnesty

The Government has introduced new legislation that provides a one-off 12-month amnesty to encourage employers to voluntarily disclose historical Superannuation Guarantee (SG) non-compliance. It applies to previously undeclared SG shortfalls…
ATO inspection small business tax compliance

ATO visiting businesses soon

The ATO recently announced that their inspectors will be visiting around 400 small businesses with "ready access to cash" over the coming weeks. This includes businesses such as restaurants, cafes, hair and beauty salons, and building and construction…
Brisbane Business accountant upcoming dates for SMEs

Upcoming Due Dates – Tax & Compliance Lodgements – May 15

As at 15 May 2015 – Selected Upcoming Due dates for Tax & Compliance Lodgements (not comprehensive – contact us if you have lodgements not shown here to double-check the due dates). 15 May 2015 2014 income tax returns - for all entities…
Brisbane Business Accountant - tax and compliance help

Upcoming Due Dates – Tax & Compliance Lodgements – July 14

As at 14 July 2014 – Selected Upcoming Due dates for Tax & Compliance lodgements (not comprehensive – contact us if you have lodgements not shown here to double-check the due dates). 14 July 2014 Individual PAYG Summaries - Due date…