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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Government confirms it intends to abolish the Australian Charities and Not-for-profits Commission

Federal Social Services Minister Kevin Andrews has revealed the government’s desire to replace the charity regulator, the Australian Charities and Not-for-profits Commission (ACNC) with a charity evaluator model based on the US-based Charity Navigator. Regulation of charities would return to the Australian Securities and Investments Commission (ASIC) and the Australian Taxation Office (ATO).   Since…

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New national business names legislation replaces current state systems

  From 28 May 2012, the regulation and administration of business names throughout Australia will shift from the current state and territory based system to a national system regulated by the Australian Securities and Investments Commission. The new national scheme will introduce a number of efficiencies into the business name regime in Australia, including: one…

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