The Accounting Division Blog
Small business tax concessions
Businesses that satisfy a certain turnover threshold may qualify as a small business entity. The advantages of being a small business entity includes access to
Can my business claim the R&D incentive for software projects?
Is your company planning to develop software as part of an experimental R&D project? You may qualify for the R&D tax incentive, even if you’re
Pre-lodgement compliance review: what you need to know
As a part of the ATO’s concerted efforts to engage taxpayers earlier and identify risks before they become an issue, pre-lodgement compliance reviews (PCRs) are
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
Are you declaring your “odd jobs” income from gig economy sites?
“Gig economy” platforms like Airtasker are allowing Australians to earn some extra cash by completing a huge range of odd jobs – from gardening to
ATO spotlight on Visa holders, sponsors and migration agents
The ATO has launched the latest round of their data-matching program to include all visa holders, visa sponsors and migration agents. The ATO will request
ATO impersonation scams on the rise
The ATO has recently warned taxpayers to be alert to malicious scammers who are using increasingly sophisticated methods and technology to impersonate the ATO. A
The Cloud & Xero – what, why and how?
We love The Cloud – which is why we have based The Accounting Division on it! Some might say that we’re a little bit addicted
Direction of future tax reform
To be fiscally responsible, a government needs to have enough resources to service its debt obligations. One of the main sources a government uses to
ATO continues its blitz on the sharing economy
The sharing economy has become a big disrupter in the Australian market. It seems like everyone is getting in on the action of making a