Tax
CategorySimpler BAS on the way
From 1 July 2017, the ATO is reducing the amount of information needed for the business activity statement (BAS).
Small businesses with a ..
Changes to personal super contributions
From 1 July 2017, the 10 per cent maximum earnings condition will be removed for those individuals who wish to claim a deduction for perso..
Claiming GST credits
Employers can claim a credit for any GST included in the price of any goods and services they buy for their business.
To claim GST credits..
Franking credits – rate change
For 2016-17, the small business company tax rate has been reduced to 27.5 per cent and the maximum franking credit small businesses can al..
ATO cracks down on super non-compliance
The Australian Tax Office (ATO) is cracking down on super guarantee (SG) non-compliance, addressing around 21,000 SG non-compliance cases ..