Avoid 5 common GST reporting errors
ATO identifies five common errors when reporting GST Errors make up more than half of the overall corrections made to GST reporting. In most cases, the mistakes are due to a taxpayer error. With some simple checks, you can avoid these most common errors. When reporting GST: make sure the timing is correct, and report for […]
GST withholding measures
GST withholding measures now law Legislation passed to “clamp down” on GST evasion in property development sector. From 1 July 2018, purchasers of new residential premises and new residential subdivisions will generally be required to withhold the GST on the purchase price at settlement and pay it directly to the ATO. Property developers will also […]
2018/19 Federal Budget
2018 Federal Budget Update Quick links Changes affecting business taxpayers Superannuation related changes Changes affecting companies Other changes Personal income tax changes Personal income tax plan The Government will introduce a seven-year, three-step, Personal Income Tax Plan, as follows: Step 1: Targeted tax relief to low and middle income earners The Government will introduce the […]
