Director ID..
With hundreds of thousands of directors yet to apply for their director identification number (director ID) ahead of the looming November deadline, a last-ditch public information campaign has been launched.
With hundreds of thousands of directors yet to apply for their director identification number (director ID) ahead of the looming November deadline, a last-ditch public information campaign has been launched.
The 2022-23 federal Budget was handed down on 25 October. The confirmation of lucrative income tax cuts, and the scrapping of a tax offset for low- and middle-income earners were the big-ticket items.
The ATO has produced a “Cash Flow Coaching Kit”, which is a free resource and designed as a value-add advisory tool for small business owners. It does not replace any existing accounting or financial tools, although it can be used…
The ATO sheds some light on the tax impacts of natural disasters. It says that if you are affected by natural disasters, such as bushfires, floods or storms, there is generally no need to worry about your tax affairs right away.
A business may cease to lodge single touch payroll (STP) reports for a number of reasons.
Not every individual situation fits neatly with the tax laws as they stand — sometimes a taxable item’s known value (and therefore the tax that applies to it) may need to be determined where requirements may arise to obtain a tax valuation from the ATO.
The JobMaker Hiring Credit scheme was passed into law in mid-November 2020. JobMaker was part of the 2020-21 Federal Budget and will operate until 6 October 2021.
The ATO has devised special rounding conventions where an amount of GST includes a fraction of a cent.
Over the first quarter of this financial year, the government has initiated two new data-matching programs, using data that the ATO holds.
It has long been an accepted standard that the auditor of an SMSF needs to be independent of that fund and be a third-party entity to the SMSF.
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