updates

  • Six-monthly indexation alert for Fuel Tax Credits

    Fuel tax credit rates increased for fuels acquired from 2 February 2015 due to an increase in CPI. Rates are indexed twice a year – generally on 1 February and 1 August. Check the rates at fuel tax credit rates and eligible fuels before you complete your BAS. You …

    Read More

  • RBA cuts interest rates

    The RBA has moved to reduce the cash rate by 25 basis points to 2.25%.

    Read More

  • ATO increasing its use of data

    The ATO is increasingly using data analytics to identify anomalies in GST reporting by businesses. If you are in business, now is a good time to review your accounts payable and accounts receivable processes to ensure GST is being captured correctly in your accounting system.

    Read More

  • Changes to Employee Share Schemes

    Following on from our news post on 20 October last year, the Small Business Minister has recently announced that the Government will scrap many of the 2009 changes to the taxation of Employee Share Schemes, effective 1 July 2015 as follows: All Companies: The Government …

    Read More

  • Government announces “Single Touch Payroll”

    The Government has announced that it will cut red tape for employers by simplifying tax and superannuation reporting obligations through Single Touch Payroll. Under Single Touch Payroll, employers’ accounting software will automatically report payroll information to the Australian Taxation Office (ATO) when employees are paid. …

    Read More

  • Fuel Tax Credit rates have increased

    Fuel tax credit rates increased for fuels acquired from 10 November 2014. Rates will be indexed from 1 February and 1 August each year in line with the consumer price index. If you have already lodged a BAS for fuel acquired after 10 November 2014, …

    Read More

  • Know a business that just needs a “boost”?

    On the back of our new Business Advisory practice, Isaacs & Cole is giving every one of our clients the opportunity to “give a boost” to businesses they care about this December. It may be your own business, a friend’s, a family member’s…..any business at …

    Read More

  • Disposal of Australian property by Non-Residents

    A Treasury discussion paper released on 31 October explores how the 10% non‑final withholding tax will apply to the disposal of taxable Australian property by foreign residents, where the value of the residential property transactions are under $2.5 million. Under the measure, the payer in …

    Read More

  • Excess Non-Concessional Contributions Tax Reform

    Treasury exposure draft legislation released on 10 October gives effect to the Budget measure that allows individuals to withdraw superannuation contributions made in excess of the non-concessional contributions cap, as well as the earnings on these contributions, in order to avoid excess contributions tax. Key …

    Read More

  • Reforming the Tax Treatment of Employee Share Schemes

    In a joint media release on 14 October 2014, the Federal Government responded to lobbying by start-up companies by proposing a number of changes to the ESS rules, including: Special concessions targeted at shares issued by eligible start-up companies – those with turnover not exceeding …

    Read More

Page 7 of 10« First«56789»Last »