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 →
The 2014 Budget has brought about a number of changes affecting small businesses. Corporate tax rate to offset PPL Levy - The Government has confirmed its commitment to cutting the... read more →
In 2014, the ATO will be implementing changes to stop paper activity statements being sent. This change will apply when the businesses last lodged activity statement was electronic. ... read more →
Around this time every year people draw up a list of resolutions that they wish to achieve in the New Year. The New Year offers a chance to reflect... read more →
As the holidays approach many businesses are planning for Christmas functions. During this time, employers should be thinking about tax deductions and the fringe benefits tax (FBT). Employers often... read more →
Business owners should take the time to recognise and plan for any potential challenges that could affect their revenue over the Christmas period. The festive season is often a... read more →
ATO Increase Penalty Units There are now greater penalties in place for breaches of most Australian tax laws. The ATO has increased the value of a penalty unit from... read more →