Hunter Partners are Accountants Tax Agents and Financial Planners

GST applies to sale of low value goods from 1 July 2018. Did you know from 1 July 2018, GST will apply to sales of all goods to Australia. The previous $1,000 low-value threshold will no longer apply and those businesses that meet the $75,000 registration threshold will need to register, charge and remit GST to the ATO.

GST payable by developer transferred to new home purchaser. With the real estate market hotting up for another year, many home buyers will turn their thoughts to newly constructed residential premises or subdivisions, but a recent Bill introduced may increase the costs and complexity of such purchases.

Online shopping is about to get more expensive with GST? Buying online could soon get more expensive. Previously, purchases under the $1,000 low value threshold were exempt from GST.

GST includes Netflix tax which is operational from 1 July 2017. These bring supplies of intangibles made by non-resident suppliers to Australian consumers within the net of Australia’s goods and services tax (GST) system.

Audit by ATO, your guide to small business benchmarks. The Australian Bureau of Statistics recently estimated that unreported business income totals around $24 billion, or 1.5% of our nation’s gross domestic product.