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17/09/2018Cyptocurrency and taxGuidelines on the tax treatment of cryptocurrencies have recently been updated following feedback from community consultation this year.
14/09/2018A new era of payroll reporting has startedSingle Touch Payroll (STP) has had a positive start with thousands of employers already sending tax and super information from their payroll software.
14/09/2018Authorisations for STPEmployers may authorise their registered agents to act on their behalf for Single Touch Payroll (STP) through an annual agreement.
14/09/2018Updates to the Depreciation and capital allowances toolThe Depreciation and capital allowances tool has been updated. You can now send the tool information to your tax professional.
12/09/2018Lower company tax rate: eligibility changes now lawThe definition of a base rate entity has changed. Find out if you are still eligible for the 27.5% company tax rate.
05/09/2018Hybrid Mismatch Rules receive Royal AssentHybrid mismatch rule changes that may affect your business.
05/09/2018Run a quick check of your super obligationsRun a super quick check of your businesses super obligations.
04/09/2018Business activity statements (BAS)How to complete, lodge and pay your business activity statement (BAS) or GST/PAYG instalment notice.
04/09/2018Manage your cash flowYour inward and outward cash flow is what keeps your business going. You need to make sure your business is likely to make money and will have enough cash available at the right time to pay its bills and to meet your tax obligations. Paying regular attention to your record keeping and reporting tasks will help you manage your cash flow better.
04/09/2018Motor vehicle expense recordsMost people use one or more vehicles in their business. If you want to claim motor vehicle expenses make sure you keep the right records. The records you need to keep will depend on the method you choose to calculate your expense claim.
04/09/2018Simpler depreciation for small businessYou can choose to use simplified depreciation rules if you are a small business entity.
03/09/2018Allocating franking creditsA corporate tax entity allocates franking credits to shareholders by attaching the credits to the distributions they make. This page outlines the corporate tax rate for imputation purposes, how to calculate franking credits and correct distributions, and apply the franking percentage.
03/09/2018Home-based businessThere are additional tax considerations for people operating a business at or from their home.
03/09/2018What's new for small businessSmall businesses have access to a range of tax concessions. This page summarises the latest concessions available to small businesses.
31/08/2018Income tax returnWhat you need to report and how you lodge an income tax return for your business depends on your type of business entity.
31/08/2018Top 1,000 Tax Performance ProgramObtaining greater assurance across the Top 1,000 public and multinational companies.
30/08/2018Depreciating assetsThere are special rules for working out the decline in value of water facilities, horticultural plants and grapevines planted before 1 October 2004.
30/08/2018Income tax concessionsFind out about the range of income tax concessions available to small businesses.
29/08/2018Multilateral Instrument Act ratified ageThe Treasury Laws Amendment (OECD Multilateral Instrument) Act 2018 (the Act) was recently enacted.
28/08/2018Multilateral InstrumentThe Multilateral Instrument is a multilateral treaty that enables jurisdictions to swiftly modify their bilateral tax treaties to implement measures designed to better address multinational tax avoidance and to more effectively resolve tax disputes.
27/08/2018Link multiple clients at the STP role level formComplete this form if you are a registered agent and you need to link yourself to multiple clients at the STP role level.
27/08/2018Unique software ID bulk request formComplete this form if you are a registered agent providing a payroll service and you need to notify us of multiple software IDs for your practice or for your clients.
21/08/2018Corporate tax transparency data will be published again later this yearThe ATO will be extracting data for the annual corporate tax transparency report which includes certain tax information of Australian and foreign corporate tax entities.
20/08/2018Single Touch Payroll for employeesWhen employers start reporting to us through Single Touch Payroll (STP), employees will have year-to-date tax and super information available to them in ATO online services, accessed through myGov. This change starts from 1 July 2018.