Tax
CategoryLodge 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..
Using the $20,000 instant asset write-off
Small businesses with a turnover of less than $10 million from 1 July 2016 can write-off assets costing less than $20,000 each up until 30..
ATO targeting work-related expenses
The ATO is cracking down on individuals who are over-claiming work-related expenses.
The Tax Office is reminding individuals that they can..
Using the right business industry code
Employers must use the correct business industry code on their tax returns to ensure their return is lodged in the correct category.
Using..
Withholding from unused leave payments on termination of employment
When an employee leaves, business owners may be required to withhold from unused leave payments, under the PAYG withholding system.
There ..