ATO reminder – What's new for small business?
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…
Inactive Trusts – ABNs to be cancelled
The ATO has advised that they will begin cancelling the ABNs of approximately 220,000 trusts, where there is evidence those trusts are no longer carrying on an enterprise. Trust ABNs…
Tax help for people affected by recent bushfires
The ATO has advised that, for people affected by the recent Victorian and Western Australian bushfires, refunds will be fast-tracked and they will have additional time to lodge income tax…