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The Government has announced a package of reforms to give the ATO near real-time visibility over superannuation guarantee (SG) compliance by employers. The Government will also provide the ATO with additional funding for an SG Taskforce to crackdown on employer non-compliance. The…

The ATO has reminded taxpayers that it uses a range of tools to identify and take action against people and businesses that may not be correctly meeting their obligations. Through ‘data matching’, it can identify businesses that do not have electronic payment…

The ATO generally issues activity statements by the end of the relevant month under their normal processes, allowing the statement to be lodged by 21 days after the end of the month, or 28 days after the end of the relevant quarter…

The government has issued new guidelines to set out criteria for tax-deductible non-compulsory uniforms. Editor: The taxation law only allows a deduction for employees for expenditure on uniforms or wardrobes where either:  The clothing is in the nature of occupation-specific…

The Government has released draft tax legislation to clarify that passive investment companies cannot access the lower company tax rate for small businesses of 27.5%, but will still pay tax at 30%. The amendment to the tax law will ensure…

Achieving an annual million dollar turnover is the key target for some of the small businesses. Many small business owners have a goal to grow their business once it becomes established. Growing a business to that point takes hard work, commitment…