by fpgadmn | Jun 29, 2018 | Accounting and Tax, General News
Assistant Commissioner Kath Anderson said over 3.75 million people made a work-related car expense claim in 2016/17, totalling around $8.8 billion. “We are particularly concerned about taxpayers claiming for things they are not entitled to, like private trips, trips...
by fpgadmn | Jun 29, 2018 | Accounting and Tax, General News
If you’re running a foreign business that supplies low-value goods to Australia, you may be caught in the GST net from 1 July 2018. The previous $1,000 low-value threshold will no longer apply and those businesses that meet the $75,000 registration threshold will need...
by fpgadmn | May 18, 2018 | Accounting and Tax, General News
PERSONAL TAXATION Personal tax offsets The Government announced a tax relief for low and middle income earners. The non-refundable low and middle income tax offset from 2018–2019 to 2021–2022, is designed to provide tax relief of up to $530 for each of those years....
by fpgadmn | Apr 18, 2018 | Accounting and Tax, General News
Do you rent out a part of your home, or a holiday home, on Airbnb, Stayz or another sharing site? Perhaps you see this as a way of making a little extra income to help the household budget or to save for that holiday. But what you may not be aware of are the long term...
by fpgadmn | Apr 5, 2018 | Accounting and Tax, Superannuation
When you go overseas to work or travel for an extended period of time, ensuring that your SMSF stays compliant is probably the last thing on your mind. That is exactly why you should pay attention since your SMSF may have issues meeting the central management and...
by fpgadmn | Feb 21, 2018 | Accounting and Tax, General News
There has been plenty of press coverage on digital currency, specifically bitcoin, but what are the tax consequences if you decide to join the craze? Well, that depends on whether you are running a business, or if you are acquiring digital currency for personal...
