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Happy New Year The real new year's day, 1 July, heralds a number of important changes for business. We know how difficult it can be to keep on top of priorities so we have summarised the key changes below for the 2020 tax year. Low and Middle...

NEW COMPANY TAX RATE What does it mean for your current or future structures? In the 2016 tax year the company tax rate of 30% dropped down to 28.5% if the turnover of the company was under $2m. On the 31/3/17 the government announced that the tax rate...

If the legislation gets passed, overseas businesses will have to register for GST in Australia if they have a turnover in excess of $75,000. Despite the difficulty of policing this law, it is actually a good thing. The consequence of this will be that most of...

While trips between home and work are generally considered private travel, you can claim deductions in some circumstances, as well as for some travel between two workplaces. Here is an actual case study provided by the ATO showing the approach they will take if your...