Lodging using Simpler BAS
03 Aug 2017
The July 2017 monthly activity statement will be the first time businesses prepare and lodge using Simpler BAS reporting. Small businesses with a GST turnover of less than $10 million can now use Simpler BAS and they only need to report: G1 Total Sales 1A GST on Sales 1B GST on Purchases Simpler BAS is […]
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Recent developments
26 Jul 2017
There are changes to super and BAS reporting and tax concessions that you should know about: Super – Do you have an SMSF or are you planning to retire? From 1 July 2017 there are changes to superannuation Less reporting – From 1 July 2017 small businesses with a turnover of less than $10 million GST will have […]
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Employer super quick check
15 Jul 2017
Paying super is an important part of being an employer. Here’s how to run a quick check of your super obligations to make sure you’ve got everything sorted. Check you’re paying super to all eligible workers. Some contractors may be entitled to super. Check that you’re paying the right amount. Currently, you need to pay […]
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Applying the $20,000 instant asset write-off?
13 Jul 2017
This tax time, small businesses with a turnover of less than $10 million can write off assets costing less than $20,000 each in their 2016-17 return. All simplified deprecation rules will apply to assets when choosing this method. To use simplified depreciation rules correctly you must: write off eligible assets costing less than $20,000 each pool […]
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