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Businesses in the Building and Construction industry need to report each year the total payments they make for services on the Taxable...

The Australian Taxation Office (ATO) are setting their sights on the large number of mistakes, errors and false claims made by rental...

Capital Gains Tax (CGT) applies to any change of ownership of an asset. However, if you transfer an asset to your spouse because of the...

It is important to understand the differences between a hobby and a business for tax and other purposes. Your tax and other obligations...

Do you have an ABN that you no longer use? Should you cancel it? If you are selling, closing or restructuring your business, you need to...

At this time of the year money is tight. Remember though your tax liabilities do not take a break even if you do We have gathered...

Navigating your business through the busy Xmas Holidays Season is stressful enough for small business owners. On top of that you need to...

Running a small business is hard work. The majority of small business owners are honest, hardworking and pay their tax obligations. The...

With the Commonwealth Games fast approaching, savvy property owners are considering renting out their residential property to make extra...

Foreign resident capital gains withholding first applied to vendors disposing of certain taxable Australian property (those being over $2...

Working out what business structure would be the most effective for you, can be a tricky decision. Remember though, that you are not...

Do you receive Reportable Fringe Benefits from your employer? Do you also receive Family Assistance Payments? Changes to Income Tax Tests...

Stay alert to phishing scams Beware of emails claiming to be from organisations you deal with alerting you to unexpected changes on your...

Did you know that low income earners may still need to lodge a tax return. One common misunderstanding is that if your income is under...

This Tax Year the ATO have rolled out a new feature on their prefill reports - "Property Transfers". The information supplied from the...

New GST law changes impacting overseas businesses There are two changes to the application of the Australian goods and services tax (GST)...

Donating to charity not only makes you feel good, it’s also a possible tax deduction for you. You can only claim a tax deduction for...

Your income is declared on your tax return each year. Most of this information is provided to the ATO from employers and financial...

One of the most common questions we are asked is “Do I need Health Insurance” The first thing to understand is that we have both a...

The Australian Taxation office released the following statement to the media on 12th July 2017 Find it here In their media release issued...