Tax

Transferring the ownership of assets from one party to another may attract CGT. However, in the event that a change in ownership occurs due to the […]

The Taxable Payments Annual Report (TPAR) is an industry-specific report through which businesses inform the ATO of the total payments made to contractors for services in […]

Businesses looking to save on tax for the financial year may consider applying for income tax concessions. Businesses classified as a small business entity are eligible […]

Due to changing economic circumstances, businesses may be receiving income from sources they have never received from, and may be unaware of their tax implications. In […]

Meeting tax obligations as a business owner can be stressful and potentially expensive if done wrong. Certain mistakes warrant severe action, so you can expect the […]

The Government has updated fringe benefits tax (FBT) exemptions to include travel in ride-sourcing vehicles under the existing taxi travel exemption. In the case that your […]

The small business income tax offset can be used to reduce the tax you pay by up to $1,000 a year. Also known as the unincorporated […]

The end of the financial year has rolled around again, but this time, COVID-19 may affect the way you fill out your tax return. The ATO […]

New car threshold amounts will be implemented from 1 July 2020. Understanding the new thresholds and how they may affect your small business operations and vehicle […]