GST Issues For Buy-Now, Pay-Later Providers

GST Issues For Buy-Now, Pay-Later Providers

Image Source: Inside Small Business Specific guidance on the GST implications for buy-now, pay-later providers has been published on the ATO legal database. The key issue in this area is determining the nature of the supplies made by these businesses and the impact...
Four Priorities for the ATO this FY2022 Tax Time

Four Priorities for the ATO this FY2022 Tax Time

Image Source: abc.net In the middle of May, the ATO announced that there will be four focus areas on their radar during Tax Time 2022 – record-keeping, work-related expenses, rental property income and deductions, and capital gains from crypto assets.  It is reminding...
Six Super Strategies for 30 June 2022

Six Super Strategies for 30 June 2022

Image Source: Macquarie Bank With the end of financial year (EOFY) fast approaching, now is a great time to boost your superannuation savings and potentially save on tax. Below are six superannuation strategies to consider before 30 June 2022. 1. Use the carry forward...

EOFY Tax Planning for Individuals

* Updated for EOFY 2020 * End of the financial year (EOFY) is an important time, not just for small businesses, but also the individuals. Putting the hard work in each financial year can help you get your personal professional life organised so that you get to kick...

EOFY Tax Plan for Trusts

Trust distributions continue to be an area the ATO focuses on. With this in mind it is more important than ever to ensure that your trust distributions are compliant and effective. 1. Trust distribution minutes Ensure you speak to your tax advisor to ensure your trust...

Get Ready for EOFY

It’s almost the end of the financial year. Time flies when you’re working hard in your business. It’s now time to start wrapping up for the year and looking ahead for the new financial year here in Australia. Here are a few handy tax planning reminders for small...