The ATO’s “GST-light” offer for new small businesses
The ATO says that it has “listened to the concerns of small businesses, tax professionals, industry associations and software providers”, and is working towards reducing…
Goods & Services Tax
Read MoreThe ATO’s “GST-light” offer for new small businesses
Correcting GST errors and making adjustments on your business activity statements
If you identify a goods and services tax (GST) error for a previous period or on an already lodged business activity statement (BAS), there is…
Food for (tax) thought, and the GST debate
There may be several positives to come out of the government’s push for tax reform, with the various submissions to its Re:think initiative from industry…
Booster strategy for your GST credit claims
Businesses are required to deal with the goods and services tax (GST) in various ways — from charging customers 10% and paying the Tax Office…
Selling your business, and the ‘going concern’ GST exemption
The concept of the “going concern” exemption for GST purposes can still cause confusion when businesses are sold, despite the fact this exemption has been…
GST credits and reimbursements to staff
Yes, you can claim GST credits for employee reimbursements If you are an employer registered for goods and services tax (GST), you may be entitled…