GST on intangibles commencing July 2017

A new law applying GST to international sales of services and digital products will apply in Australia from July 1 next year. The new tax rules will apply to international sales of digital products and services provided to Australian consumers. Under the new law, overseas businesses will be required to pay GST on these sales.

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How to find and merge all your lost super accounts in three easy steps

It’s human nature to avoid painful administrative tasks – even when completing those tasks results in clear benefit. How to find and merge all your lost super accounts Superannuation is one of those tasks. Recent ATO stats suggest too many taxpayers are setting-and-forgetting their super responsibilities; in 2014, $14 billion in lost super went unclaimed.

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Claiming mobile phone, internet and home phone expenses

The ATO has issued guidance on claiming mobile phone, internet and home phone expenses. It says that if you use any of these for work purposes, you may be able to claim a deduction if there are records to support your claims. But the ATO points out that use for both work and private use

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A big year for practice management software

A big year for practice management software. As accountants, bookkeepers, tax agents and payroll specialists will know, standard business reporting (SBR) is a standard approach to online or digital record keeping and lodgment that is built into accounting software. SBR acts as an electronic postbox in that the information to government only has to be

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