Unwanted attention and penalties from the ATO can jeopardise your small business.
Protect your business by avoiding these common small business tax errors.
The ATO has introduced the Business Portal to allow small business owners to manage their tax affairs online at their convenience.
Connect your ABN to your m..
The ATO has enforced strict guidelines on tax deductions for rental property owner’s travel expenses.
As a rental property owner you are not able to claim de..
The ATO has updated the Taxpayer’s Charter which prioritises a relationship with the public built on mutual trust, courtesy and respect in all interactions.
Small business owners suffering from mental health issues can seek the ATO’s help in meeting their taxation and super commitments.
If you are going through t..
Businesses that fail to keep accurate records may struggle to remain compliant at tax time and incur financial penalties from the ATO.
Follow the ATO’s recor..
Tax exemptions may apply to small businesses going through a restructure provided they meet certain criteria.
Typically when a business is sold, you would ha..
A default assessment is an assessment of taxable income for overdue tax returns or the net amount or assessable amount-for late activity statements. Although ..
Fuel tax credit rates have increased on 1 August. The ATO reminds you to use the new rates to calculate claims on your next business activity statement (BAS)…
The ATO has extended the $20,000 threshold to 30 June 2019.
If you buy an asset and it costs less than $20,000, you may write off the business portion in you..