Tax
CategoryClaiming the small business income tax offset
The small business income tax offset can help reduce the tax small businesses pay on business income by up to $1,000.
This offset is avail..
Have you received personal services income?
Personal services income (PSI) is income mainly produced from your personal skills or efforts. There are special tax rules that apply if y..
Tax penalty remissions
The Australian Taxation Office distributes penalties to ensure individuals are not making misleading or false statements regarding income,..
Fuel tax credits – rate change
On 1 August 2017, fuel tax credit rates increased. Some of these rates also changed on 1 July 2017, due to a change in the road user charg..
Lodge nil BAS in advance
Activity statements generally issue from the ATO by the end of the month but in some circumstances they can be generated early.
Business o..