We are used to hearing of Austerity measures in Greece but Austerity in Australia? Yes it has already begun however here are some new cutbacks that will increase your costs: “The government’s rebate applied to private health insurance will be calculated using...
Don’t pretend to play hard ball with the tax office, you’ll lose. That’s what one Victorian based business found recently when it was fined $1,100 plus costs when it refused to hand over documents and other information in relation to its employer...
So you have been running your business through a company structure for years and still believe that it’s the best way to operate? Perhaps your accountant set you up in a company and you’re not sure of your obligations as the company director? Well the times are...
If you’re going to try your hand at being a tax accountant/tax lawyer this year and prepare and lodge your own tax return using the tax office E-Tax software then you have until 31 October to get it done. Leave it until after that date and you risk late...
Throughout September the Tax Office have advised that they are doing an ‘educate and assist’ mail out to small businesses where the main earner of the business is the business owner. The ATO are concerned that some business owners and indeed their accountants are...
The tax office released some prosecution figures recently on compliance action it has taken against people this year. In brief, two thousand individuals and companies were successfully prosecuted for fraud, tax and superannuation offences in the 2011-12 financial...
