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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..

Small businesses need to manage a lot of ‘balls in the air’ and one of them is tax. Between their own income tax as an individual, company tax, GST and tax withheld for employees there is a lot of..

Single Touch Payroll is almost here and will affect over 100,000 businesses who are paying 13 million employees from July 2018. A government initiative, single touch payroll (STP) is designed to..

Introduced almost two years ago, the angel investor tax incentive scheme hasn’t quite lived up to expectations. The $100 million dollar scheme was part of the governments $1 billion National..

It’s almost that time of the year again! For small businesses there may be a sense of dread or trepidation with tax time looming. Nearly all purchases that help in generating income are tax..

The ATO are leading the charge with embracing new technology and reaching consumers with the recent release of their official podcast channel. A clever play on words, it is aptly named Tax InVoice..

Established in 2006, Xero is the New Zealand accounting software that has taken the Australian small business market by storm. Loved faithfully by its users it is a modern cloud software that has..

While there have been changes to the corporate tax rate, these are not applied across the board. You need to assess your own company’s circumstances to determine your eligibility for reduced..

With tax time just around the corner it is a good timing to review your GST status. There are some common GST slip ups that you need to be aware of.

1. Make sure you are actually in business!

A draft law developed by the ATO is set to make changes to an existing ruling that will now cover innovation for companies. This new law will allow companies to recoup tax losses for carrying on..

As you’re probably aware, certain investments into a qualifying Early Stage Innovation Company (ESIC) from 1 July 2016 may entitle a taxpayer to tax incentives including a non-refundable tax..

You have an asset that has increased in value and you are feeling pretty proud of your great investment result. But before you start celebrating your windfall it is best to understand the tax..