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...
by Ben Smith | Jul 5, 2017 | Accounting & Audit
On Friday 30 June, Roberts & Morrow said goodbye to retiring Senior Partner, Simon Croft, after 23 years with the firm. Simon completed a Computing and Accounting degree in Lismore before beginning his career in Brisbane, where he met his wife Susan. They married...
by Ben Smith | Mar 30, 2017 | Accounting & Audit
The Fringe Benefits Tax (FBT) year ends on 31 March 2017 and FBT Returns are due and payable by 21 May 2017, including nil returns, if appropriate. As an employer, you should consider all benefits provided to employees or associates during the FBT year 1 April 2016 to...
