by Ben Smith | Feb 4, 2019 | Accounting & Audit
Airbnb is fast becoming a popular accommodation choice for most Australians with listings topping over 140,000 in the last 12 months alone. However, most hosts are unaware if their existing insurance policies would cover them while hosting guests. According to Airbnb,...
by Ben Smith | Aug 10, 2018 | Accounting & Audit
Farmers are facing some of the worst drought conditions ever experienced, with the Government confirming 100 per cent of NSW is in a drought and over 60 per cent of Queensland is in drought or is drought-affected. The conditions have seen costs of stock feed and...
by Ben Smith | May 1, 2018 | Accounting & Audit, Tax & Estate Planning
The ATO will soon be outsourcing the collection of GST on new residential property sales and home site sales to innocent purchasers in an attempt to thwart cowboy developers who do not meet their GST obligations. Parliament has recently passed legislation that changes...
by Ben Smith | Feb 15, 2018 | Accounting & Audit, Tax & Estate Planning
The rules for determining which tax rate applies to company taxpayers have changed significantly over the past two years and are still undergoing change. The current rules provide that the lower tax rate of 27.5% applies to a company carrying on a business with...
by Ben Smith | Feb 9, 2018 | Accounting & Audit, Tax & Estate Planning
From 1 January 2018 eligible small business entities are exempt from stamp duty on certain types of insurances in NSW. The exemption applies to the following types of business insurance: commercial vehicle insurance; commercial aviation insurance; occupational...
by Ben Smith | Feb 9, 2018 | Accounting & Audit, SMSF Specialists
The ATO Small Business Superannuation Clearing House (SBSCH) is going through some major changes in February 2018. We have prepared a summary on the changes and how it might impact your business: The current SBSCH system will be available to make super...
