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Archive for category: Tax

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Closing your business? What you need to know

Understand the record-keeping rules essential for closing your business, from tax obligations to super and Single Touch Payroll. Stay compliant post-closure.

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Closing your business? What you need to know
( Posted in: Tax )

Going once, going twice; get your GST right at settlement

Discover the essentials of GST registration for property sales exceeding $75,000. Find out how it affects settlement and your BAS reporting.

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Going once, going twice; get your GST right at settlement
( Posted in: Tax )

Are you providing entertainment this holiday season?

Explore the implications of fringe benefits tax (FBT) on your staff holiday celebrations. Learn how to determine if your employee perks are FBT liable.

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Are you providing entertainment this holiday season?
( Posted in: Tax )

Offsetting credits and refunds from debts on hold

Explore the ATO’s new approach to managing debts on hold for small businesses, understand offsetting, and discover solutions for effective debt management.

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 Offsetting credits and refunds from debts on hold
( Posted in: Tax )

When is food GST-free?

Delve into the complexities of GST on food items, illustrated by Chobani’s case. Discover key insights into what makes food GST-free or taxable.

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 When is food GST-free?
( Posted in: Tax )

Up to 10 years in prison for deliberate ‘wage theft’

Explore the critical aspects of the proposed Australian legislation targeting deliberate wage theft, including hefty fines and new definitions for casual employees.

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Up to 10 years in prison for deliberate ‘wage theft’
( Posted in: Tax )

Fixed-term employment contracts limited to 2 years

Stay updated with the Dec 2023 changes to fixed-term employment contracts. This article explains the new limitations and their implications.

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 Fixed-term employment contracts limited to 2 years
( Posted in: Tax )

$20k deduction for ‘electrifying’ your business

Discover how small and medium businesses can maximise a 20% tax deduction on energy-efficient upgrades and electrification. This limited-time opportunity is set to expire by June 30, 2024. Find out what qualifies.

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 $20k deduction for ‘electrifying’ your business
( Posted in: Tax )