From 1 July 2014 a number of Australian businesses will have their PAYG withholding cycles changed, based on the amount of PAYG withheld by the ABN in the 2012-13 financial... read more →
Businesses have specific obligations under Australian Consumer Law (ACL) when it relates to refunds, returns, guarantees and warranties. It is important that a business’s refund policy comply with ACL. All... read more →
Refund fraud occurs when people deliberately falsify tax returns, activity statements and other documents to claim refunds, rebates or offsets from the ATO that they are not entitled to. These... read more →
The ATO has received additional Government funding to continue their focus on improving the voluntary compliance of wealthy Australians until 30 June 2017. The ATO began focusing on wealthy Australians... read more →
The ATO is increasing its audit focus on businesses that use contractors. It is essential that employers, employees and contractors know the difference between a contractor and an employee. It... read more →
Business owners should be taking the time to review the business management accounts prior to 30 June 2014. This is best done with a tax advisor as they can help... read more →
Owners of very small businesses, also known as micro businesses, frequently fail to allow for the risks they face and the importance of reducing risk in small business. The main... read more →
There are many problems that occur when processing activity statements and tax returns that can lead to a delay in the ATO issuing refunds. However, these problems are often... read more →
The High Court has reinforced the importance for businesses in taking care when advertising their products and services so that there is no misleading fine print. In June 2012... read more →
From 1 July 2014, employers with 20 or more employees will begin using the Data and Payment Standard, also known as SuperStream, to make superannuation contributions to their employees. ... read more →