$20k deduction proposal complex
From www.accountantsdaily.com.au: The Coalition’s proposed capped tax deduction of $20,000 for small businesses on entertainment expenses, exempt from FBT, raises potential complexities arising from … read more
GST
ATO updates tax regs for Australian property owners
From www.brokernews.com.au: The ATO has updated tax regulations to require all property sellers in Australia to provide a clearance certificate proving their residency status … read more
The clock is ticking on your GST credit entitlements
From grantthornton.com.au: ‘Division 93 of the GST Act imposes a very strict four year time limit in which to claim your input tax credits … read more
ATO’s top GST targets
From www.accountantsdaily.com.au: The ATO is intensifying its compliance efforts regarding unpaid GST, particularly through the issuance of DPNs.
Key areas of focus include property … read more