If you’re in the business of selling property and paying less GST sounds good from a cash flow point of view, then the margin scheme might be right for you. The use of the margin scheme means that instead of paying GST equal to 1/11th of the sale price, you’re able to pay GST equal […]
Tax time 2021 is fast approaching, with the knowledge gleaned from the recent ATO statistics release that shows individuals taxpayers carrying the majority of the tax burden, it is no surprise that the ATO is keeping a close eye on individual tax returns this year. Specifically, the ATO noted it will be focusing on work-related […]
A new data-matching program has been announced by the ATO to collect information from the Department of Home Affairs. This is a new program in addition to the visa data-matching program which has been operating for more than 10 years. According to the ATO, it is designed to determine whether business entities and individuals are […]
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