Payment Arrangements with the ATO

Payment Arrangements with the ATO

2018 Update: This blog has been reviewed and updated to contain information relevant to payment arrangements. It is not uncommon for businesses or individuals to have trouble paying their tax debts at one stage or another. To help with this, the ATO offers payment...
Selling Property over $2 Million

Selling Property over $2 Million

Are you selling or looking at selling property that is valued at $2 million or more? Those who are looking at selling property valued at 2 million or more, need to be mindful of new rules that will be applicable from the 1st of July 2016 onwards. What needs to be...
Paying GST for business overseas

Paying GST for business overseas

Are you doing business overseas? October 1, 2016 saw new changes to Australian GST law, meaning that you are no longer required to pay GST on certain transactions between your business and businesses overseas. These new changes have also introduced a reduction to...
When to report a Capital Gain

When to report a Capital Gain

There is a lot of confusion around the timing of when a capital gain is made. The point at which a capital gain or loss is made is called a CGT Event. It is important to establish the timing of a CGT Event as it may affect how your tax liability is calculated and what...
Claiming car expenses for your tax return

Claiming car expenses for your tax return

The use of a car that you owned, leased, or hired in the year can be claimed if you used it for any work related purposes. Even if the car is not registered in your name, private arrangements can be taken into account. If the car was used as your own and you paid for...