ATO releases latest business benchmarks
The ATO says that the 2013/14 data is now available for the 'Small business benchmarks'. The ATO uses these benchmarks as a guide on industry trends to identify businesses that…
The ATO says that the 2013/14 data is now available for the 'Small business benchmarks'. The ATO uses these benchmarks as a guide on industry trends to identify businesses that…
The ATO is warning trustees of SMSFs who hold investments in collectables* or personal-use assets*, acquired before 1 July 2011, that time is running out for those items to be…
The ATO has issued a timely reminder before the end of the financial year on the changes announced in last year's Budget: Instant asset write-off – simpler depreciation rules Small…
The ATO has published the 2016 June quarter rates for the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC):
The Deputy Prime Minister and the Assistant Agriculture and Water Resources Minister have announced a review into taxation arrangements for the Working Holiday Maker visa program. The review’s scope will…
In order to reach a large goal, you must first successfully complete a series of smaller ones. By setting activity goals, the long-term results may just take care of themselves. Be sure to set goals…
It has been an exciting week at Pepperell & Associates as we were officially granted as a Certified Xero Gold Partner.
Editor: In a recent case, a taxpayer undertook significant trades on the stock exchange and made losses, but was still found to be a 'share investor', rather than a share…
Note: Parliament recently passed legislation amending the taxation law to impose withholding obligations on the purchasers of certain Australian assets – generally property purchased from a non-resident. However, the changes…
An employer cannot claim an input tax credit where it pays an expense on behalf of a superannuation fund, as the supply is not made to the employer; but to…