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Tax transactions in technology’s fast lane

Tax transactions in technology’s fast lane The move from lodging on paper to the technology-driven Australian Business Register program is saving an estimated $1.2 billion for the 2015-16 financial year, according to a recent study by accounting firm Deloitte. Commissioned by the ATO, the research study notes that the savings in the five years leading

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Internal tax documents released — a peek into court interpretations

The ATO has released on its legal database a series of what until recently have been internal ATO documents. Internal tax documents released — a peek into court interpretations The release of these documents in an initiative that the ATO has labelled “interpretation NOW!” and is, according to assistant commissioner Gordon Brysland, “a reinvention initiative

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Hired a “contractor” who is really an employee? There are consequences

If your business is looking to put on more staff, first of all: congratulations. But secondly, a warning. The engagement status of workers is an important distinction – whether they are employees or independent contractors – and has consequences that can get many employers into unforeseen hot water. Hired a “contractor” who is really an

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Guide to finding an accountant or tax agent

Many Australians have moved to lodging their own tax returns. Recent data from the Australian Taxation Office shows that almost 30% of individual taxpayers are lodging their own tax returns online. This still leaves a large proportion of Australians who use an accountant of some description to assist them in determining the tax they owe

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5 tips to a tax-free Christmas work party

Christmas will be here before we know it, and it is likely that better organised employers will already be thinking about their yuletide preparations. 5 tips to a tax-free Christmas work party. But while you should feel free to pop a champagne cork or three for your employees, make sure that you don’t get the

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