Why Do you Need to Lodge a Tax Return? 2018

  If any of the following applies to you then you must lodge a tax return. Reason 1 During 2017–18, you were an Australian resident and you: paid tax under the pay as you go (PAYG) withholding or instalment system, or had tax withheld from payments made to you...

Revised ATO Guidance on Small Business Company Tax Rate

Practical Compliance Guideline PCG 2018/D5 The ATO has updated its preliminary guidance on the compliance approach to whether small business taxpayers use the appropriate company tax rate for the 2015/16, 2016/17 and 2017/18 income years. Draft Practical Compliance...

Prepare for Tax Time

To prepare for tax time, we recommend the following Update your client list – It is important that you undertake regular reviews of your client list to add any new clients and to remove those you no longer represent. Lodging a final return or advising a further...

ATO Website Updates — July 25, 2018

Here is the latest ATO Updates as of July 25, 2018 • International transfer pricing — introduction to concepts and risk assessment — Explains the basic concepts underlying international transfer pricing and when a business may face a transfer pricing review or audit....

ATO website updates — July 20, 2018

Here are the latest ATO Update as of July 20,2018. • Tips for keeping good records — tips, tools and services for small business taxpayers to keep good records. • Individuals and sole traders — updated information on ATO online services for individuals and sole...