The Accounting Division Blog
Three common CGT obstacles for homeowners
Many homeowners are not aware that the “main residence” rules exempting the family home from capital gains tax (CGT) are in fact quite complex and
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
Check your PAYG instalments
The PAYG instalment system allows a business to spread its income tax liability across the tax year. This helps with cash flow, but also means
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
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
04/09/2020: Be careful when changing business structures
If your small business has not only survived but thrived during the pandemic, you may be considering a change of business structure, typically from sole
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
State governments’ further COVID-19 support
With the ongoing nature of the COVID-19 pandemic continuing to affect the economy along with the effect of border closures, it is no surprise that
Tax time focus on rental properties
Just as with previous income years, tax time 2022 is no different, the ATO has again cited rental property income and deductions as one of
Changes ahead for inactive super accounts: are you affected?
Got an old super fund account you haven’t touched for years? New rules mean “inactive” accounts (ie no contributions or rollovers for 16 months) will