The tax rates for working holiday makers (backpackers tax) on a 417 or 462 visa changed on 1 January 2017. They now pay 15% tax on all income up to $37,000 after which foreign resident tax rates apply. So if you employ backpackers on your farm or business you will...
Have you gone to your old accountants this year and see there’s a new name on the door? Or received a letter/email advising you that you’ve been sold to a new accountant? We have had about 50 new clients this year alone due to people coming to us after realising...
In a surprising and welcome update to the recent budget announcements, the government has brought forward its change in depreciation for farmers for fences, water assets and fodder storage assets. The immediate deduction for fences and water assets and the three year...
Ok so the 2015/2016 Federal budget has been handed down. There’s not much to it, was a bit of a dud, but it’s nice to see some ads on the tv promoting the small tax savings for small business. Let’s have a quick look: – $20,000 immediate deduction...
With nothing of interest to post over the past few months it is with great surprise that the Australian government has developed a backbone and broken away from its US masters by intending to join the newly established Asian Infrastructure Investment Bank (AIIB)...
The ATO has announced a data matching program in relation to electronic payments made to businesses through specialised payment systems. For the period 1 July 2013 to 30 June 2014, it will collect data from the following businesses: – Ausfit –...
ABC News | Tax