Taxpayers who have a Higher Education Loan Programme (HELP) or Trade Support Loan (TSL) debt will need to inform the ATO if they plan to travel overseas for 183 days or longer in any 12 month period, as they now have the same repayment obligations as
Archives for July 2016
Fringe Benefits Tax and Electronic Devices
In the 2015–16 Budget, the Government announced that it will allow a fringe benefits tax (FBT) exemption from 1 April 2016 for small businesses with an aggregated annual turnover of less than $2 million that provide employees with more than one
ASIC Annual Review – Solvency Statement
When we send out the annual ASIC review for companies, attached is a director’s resolution which the directors of the company sign, stating that the company is solvent and the company is able to pay its debts as they fall due. Directors must carry
Beware of bogus ATO calls
Recently we had a client report saying they were phoned by the ATO, with a threatening tone accusing them of owing money, which was not true. Be aware that if you receive one of these calls to simply hang up. As your tax agent, the ATO will