Simpler BAS

The Government and the ATO have heralded this a big reduction in red tape for small business but for most it will be the dropping of one number only. The total purchases figure, which you will probably need to have calculated to work out how much GST you paid suppliers. From 1 July 2017, Simpler BAS…

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ATO Warns Directors on Unpaid Super

In June last year, the government announced significant changes to the Director Penalty Regime. At that time, the ATO’s powers were expanded to enable pursuit of PAYG and Superannuation Guarantee debts from directors personally in circumstances where such debts remained unpaid and unreported for more than three months past the due date for lodgement. Until…

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New laws for Tax Agents and taxpayers using them

The new legislative framework for tax agent services was first announced on 6 April 1998. The Bill is designed to give effect to reforms to the registration and regulation of tax practitioners, including bookkeepers who provide a business activity statement (BAS) service for a fee. The key elements of the regulatory reforms in this package are: a…

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