Division 7A: 4 common errors

Posted by Tanya Moran on 28-May-2018 07:00:00


Despite it having been in place for more than 15 years, Division 7A continues to be a high risk area and the Australian Taxation Office (ATO) regularly monitors. Division 7A is part of the Tax Act and it provides provisions to prevent private company owners from avoiding dividend taxation through accessing company profits in other ways other than dividends.

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Topics: ATO, Tax return, Company tax return, Lodgement, Division7A, Tax Act, taxation

Payroll Tax: Is your Business over the Threshold?

Posted by Kelly Morgan on 29-Apr-2018 07:00:00


If you own a business that employs people then you need to know about payroll tax. This is a self-assessed State and Territory based tax imposed on businesses in Australia. The tax is payable when the total wages paid or owed to employees exceeds a threshold. 

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Topics: Tax, small business, Tax return, ABN, Payroll tax, Threshold, Lodgement, State Tax, taxation, Accounting