18 October, 2018
A benchmarking service for the Australian accounting profession since 2001, the Good Bad Ugly report offers an annual snapshot, or “state of the nation”, for accounting practices. Its 2017 paper offers data on several key performance indicators (the 2018 data has been collected but has not yet been released as a complete report). Good
[ Read More ]Use the links provided to find out more about investing, and find out more about the ATO’s investor’s tax planning tips. Tax planning in general Tax advice website for investors The ATO’s tax planning website, designed to help investors and tax agents make informed investment decisions. Features a checklist of what to look for
[ Read More ]The legislation Treasury Laws Amendment (Tax Integrity and Other Measures) Bill 2018 has just recently passed both houses in Canberra, which among other measures also makes changes to the long-established small business CGT concessions. The legislation’s explanatory memorandum (scroll down to page 13 of this PDF of the EM) spells out the incumbent basic
[ Read More ]The general case regarding GST credits is that business owners can claim input tax credits relating to eligible business expenses when you lodge your business activity statement (BAS), which may be monthly or quarterly. However it is not unusual for business owners to occasionally make purchases that contain a private use component. Where expenses
[ Read More ]One of the major concerns for taxpayers in taking on the role of a legal personal representative is that the Tax Commissioner may treat legal personal representatives (LPRs) as having a personal liability for a tax debt where assets of a deceased estate have been distributed and there is still outstanding amounts owed to
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