Australian businesses with an annual turnover of more than $75,000 must be registered for GST. Charging an extra 10 per cent on top of services sounds simple, yet a number... read more →
Despite the Australian Tax Office’s education campaign on GST reporting, many small business owners continue to make errors when claiming GST credits in their GST returns or Business Activity Statements.... read more →
With help from the internet, a new business model is quietly turning millions of ‘average Joes’ into entrepreneurs. Uber is connecting riders with drivers through apps. Airbnb is connecting hosts... read more →
When a person starts a small business from scratch, they face a number of inevitable decisions. One of these decisions involves deciding whether or not to register for GST voluntarily... read more →
The ATO has announced that one of its compliance focuses for the upcoming year will be GST compliance. The program will involve a combination of compliance and education to help... read more →
It is an unfortunate fact of business life that sometimes you will not be paid in full for work you have done. When this happens you have incurred a bad... read more →
GST sounds like a simple enough concept: businesses are required to pay 10% tax on most of the good and services they sell in Australia and include this amount in... 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 →
A recent legal case in the Victorian Supreme Court has highlighted the importance of ensuring that the correct GST clause is used in business contracts. A properly drafted GST... read more →
Compliance in Focus sets out the compliance issues and risks attracting the attention of the ATO. This information is useful for taxpayers who want to adopt a more strategic approach... read more →