Tag: ATO

Not paying ATO debts is a dangerous game. The reason being, the ATO have powers far greater than other business creditors.

From 1 July 2014, businesses with 20 or more employees will be able to use the new Superannuation Data & Payment Standard when making super contributions.

The common question we’re asked by many clients is, “how much of client Christmas entertainment can I claim as an income tax deduction?”

Now that the gruelling 2013 election campaign is behind us, our attention can turn to the issues of growing debt to gross domestic product and the dwindling tax revenue in Australia.

The Australian Taxation Office (ATO) is currently targeting foreign funds transfers. Are you aware of your rights and responsibilities?

Treasurer Chris Bowen has announced that the government plans to cut $1.8bn worth of fringe benefits tax car concessions.

Each year the Australian Taxation office targets key sectors of Australian business for audit campaigns – in its Compliance in Focus 2013 notice, small businesses are among those to have drawn the short straw.

Own or operate a building or construction business that pays contractors? Under new taxation legislation you’re required to submit a Taxable Payments Annual Report to the ATO in late July.

Taking on an employee is a serious part of the business as there are many pitfalls that can bring you unstuck if the right processes are not followed. We focus on the legal aspects of hiring an employee from a tax office and superannuation stand point.

More than half of small and medium businesses are not aware of important changes to the instant asset write-off scheme, according to a recent poll.