The Accounting Division Blog
ATO reviews to limit small business disputes
In response to the media attention around ATO’s alleged harsh treatment of small businesses, the ATO has started a 12-month pilot limited to small business
Budget 2018: What’s in it for you
The 2018-19 Budget was handed down on 8 May by Treasurer Scott Morrison who delivered what was widely perceived to be an election Budget with
Home is where the GST is
In a bid to tackle non-compliance of GST obligations from developers selling properties, the government has introduced a new measure that require buyers of new
Stricter tests for directors seeking safe harbour protection
Until recently if you were a director of an insolvent company and it continued to do business and incur debts then your future was not
Last chance to claim the loss carry back
Eligible businesses will have one last chance in their 2021-22 tax return to claim the loss carry back, which provides a refundable tax offset to
11/11/2022: Tax implications of deferred rent
If you run a business from rented premises, there may be tax consequences when rent is either waived, deferred or varied under commercial terms due
Operation Protego: detecting GST fraud
The ATO has lifted the lid on its most recent operation to stamp out GST fraud, Operation Protego, in order to warn the business community
Bitcoin: Personal investors
There has been plenty of press coverage on bitcoin, but what are the tax consequences if you decide to join the craze? Here we examine
Single Touch Payroll: Phase 2
Single touch payroll (STP) has now entered into Phase 2, although most employers may not yet be reporting under this phase as many digital service
Cash payments limit coming soon
As a part of the crackdown on black economy, a cash payment limit of $10,000 has been proposed. Any transaction that exceeds $10,000 will need