by James Carey | Jun 21, 2022 | Business Services & Advice, Tax
The ATOs new stance on trusts and trust distributions The ATO has released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and potentially retrospectively) as a result of the ATO’s...
by James Carey | Jun 24, 2021 | Business Services & Advice
Our 2021 EOFY update and actions for individuals will give you an overview of tax changes and some actions you can take to reduce your tax exposure and minimise risk of an audit. Many of the measures and concessions that enabled the Australian economy to insulate...
by James Carey | Jun 25, 2020 | Business Services & Advice
We all would like to reduce our tax exposure and minimise risk of an audit by the regulators. This end of financial year update outlines the actions to take to do exactly that: Summary of key changes and actions What’s New: Company tax rate reduction –...
by James Carey | Jun 25, 2020 | Business Services & Advice
Our 2020 EOFY update and actions for individuals will give you an overview of tax changes and some actions you can take to reduce your tax exposure and minimise risk of an audit. What’s New: 2020-21 Federal Budget delayed until October Working from home? What...
by James Carey | Apr 20, 2020 | Business Services & Advice, COVID-19
Record your BAS as a purchase bill Note: in this example, client pays quarterly GST and monthly PAYG and therefore will be eligible to receive a credit equal to 300% of his March PAYGW, ie. 3 x $3,000 = $9,000 The ATO will offset these $9,000 against the March quarter...
