Time limit on GST refunds
November 13, 2019 9:41 am Leave your thoughtsSmall businesses entitled to refunds of GST may not be aware of the four-year time limit on claiming those refunds.... Read More
Categories for tax
Limiting tax deductions for holding vacant land
November 7, 2019 8:21 am Leave your thoughtsOn the 28 October 2019, The Treasury Laws Amendment (2019 Tax Integrity and Other Measures No.1) Bill 2019 received royal... Read More
Amendment to Housing Affordability Measures introduced
October 30, 2019 12:33 pm Leave your thoughtsThe Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 was re-introduced to parliament on 23 October 2019.... Read More
What are the tax implications for different business structures?
October 23, 2019 10:55 am Leave your thoughtsThe structure of your business determines how you would pay tax and other business obligations you would need to consider.... Read More
GST margin scheme
October 16, 2019 11:13 am Leave your thoughtsThe margin scheme is a way of working out the GST you must pay when you sell property as part... Read More
Breaking down business industry codes
October 9, 2019 10:09 am Leave your thoughtsA business industry code (BIC) is a five-digit code you include on relevant tax returns and schedules that describes your... Read More
Claiming travel expenses relating to rental properties
September 30, 2019 11:15 am Leave your thoughtsWhen making a claim in regards to your residential rental property, there are specific circumstances for when you can and... Read More
Are you meeting the Active Asset Test?
September 24, 2019 8:15 am Leave your thoughtsTo qualify for small business CGT concessions, an asset must meet the conditions of the Active Asset Test to apply.... Read More
New industries included under TPAR
September 18, 2019 8:52 am Leave your thoughtsThe taxable payment reporting system (TPRS) has extended to further businesses that provide particular services and those that pay contractors... Read More
What is a CGT event?
September 10, 2019 9:13 am Leave your thoughtsCapital Gains Tax (CGT) events occur when an individual or company makes a capital gain or capital loss by selling... Read More