Updates

Small business sector is seeing an increase of being audited by the ATO and the selection process is particularly based on small business benchmarking method. Benchmarks are in fact financial ratios that the ATO compute using the information given via

To encourage tax payers with offshore investments to voluntarily make a full disclosure, the ATO had launched the Project DO it, which offers the incentive of reducing tax penalties to a very low rate of 10% along with the added

Recently, a range of inquiries had been received regarding investments in some of Australia’s largest listed companies, who had been featured in the press lately on their policy on special dividends and capital distributions. It is important to note that

For those of you who had committed to lodge and pay your tax every quarter, the ATO activity statement is due on 28 October 2014. It is good to carefully consider how these first quarter statements are submitted as this

It is always an advantage to plan ahead and make sure you have checked on the following before 30 June 2015: If you have opted for the salary sacrificing scheme into super, make sure you have not breached the $25,000

Public examinations are usually conducted by insolvency practitioners, and considered as a powerful tool to investigate company officers or other relevant persons who might have information relating to a company’s affairs. This examination is particularly useful when company officers are

In the case of those who works from home, even if it is not exactly a home-based business, occupancy expenses includes costs that you pay to either own, rent and other related expenses, which typically include: Rent, or mortgage interest

It has been found that 80% of property investors failed to take full advantage of tax depreciation, according to a survey conducted by one of the leading Tax Depreciation Specialists. This figure only takes into account the investors whose savings

The media had widely publicised the government’s spending cuts in the recent Federal Budget announcement. However, there are also several tax and superannuation issues that should be highlighted for your attention.   Personal Taxation Here are two major aspects where

SuperStream is a newly introduced standard to improve the efficiency of the existing superannuation system. Naturally, this standard also applies to all other superannuation funds including self managed super funds (SMSFs), in which contributions should be paid electronically as according