2019 Tax Planning For Individuals As the 2019 financial year end is fast approaching, it is important to have a review of your personal tax position, plan and act accordingly before 30 June 2019. Below are some TIPs which will help to reduce your tax liability....
The ATO’s ability to match and use data is very sophisticated. It collects information from a number of sources, including banks, other government agencies, and industry suppliers. It also gets information about purchases of major items, such as cars and real...
From 1 July 2017, GST applies to imported services and digital products. Examples of imported services and digital products include: Online supplies of software, digital trade journal/magazine subscriptions; and Services such...
The Government has today introduced legislation that delivers on its 2017-18 Budget commitment to strengthen compliance with GST law in the property development sector. Under the new arrangements, purchasers will withhold the GST on the purchase price of new...
Q: Do I need to have an ABN? A: Yes. Q: Do I need to register GST? A: Yes. I often have Uber clients asking that “I earn less than $75,000 a year, do I still need to register for GST?” The answer is YES. The ATO regards ride-sourcing services as a taxi service. For...
Deduction of expenses for your residential rental property Travel expenses From 1 July 2017, investors cannot claim deductions for travel expenses relating to inspecting, maintaining, or collecting rent for your residential rental property. These changes are...
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