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Deadlines for tax lodgement 2017/2018
- June 18, 2018
- Posted by: Keshab Sapkota
- Category: Small Business, Taxation
No CommentsThe 2018 tax return is for income earned between 1 July 2017 and 30 June 2018. We’ve broken out the key dates for businesses, followed by individuals. Key tax deadlines for small business owners If you pay GST monthly Lodge and pay your monthly activity statements by the 21st of the following month. December month
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Contractors Payments – Now added compliance to Cleaning and Courier Business.
- November 21, 2017
- Posted by: Keshab Sapkota
- Category: Accounting, Business Advisory, Small Business, Taxation
If you are running a contractor-based cleaning and courier business, you will be required to report all of your contractor’s payments to ATO, starting from 1 July 2018. This is known as Taxable Payments Reporting System (TPRS) which requires every business to report payments made to each separate contractors throughout the year strengthening ATO’s ability
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Lodge on Time – Avoid Penalties
- August 3, 2017
- Posted by: Keshab Sapkota
- Category: Taxation
It is always important to lodge on time whether or not you are in a position to pay to ATO immediately. ATO is supportive to individuals and organisations who lodges on time but cannot pay in full. There are range of options available including payment arrangement plans. You can liaise with our tax accountants who
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Common Deductions for Business
- July 14, 2017
- Posted by: Keshab Sapkota
- Category: Taxation
You can claim a deduction for most expenses you incur in running your business as long as they are directly related to earning your assessable income. You claim these deductions in the income tax return for your business entity or, if you’re a sole trader, in your personal tax return. Find out about: When you