• 020NetflixTaxNowOperationalBusinessesNeedToBeOnTheirToesMeasures commonly referred to as the “Netflix Tax” came into effect on 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.

  • 104LowValueGoodsComplianceDid 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. This applies regardless of where the business is based.

  • 009AvoidAnATOAuditYourEssentialGuideToSmallBusinessBenchmarksThe Australian Bureau of Statistics recently estimated that unreported business income totals around $24 billion, or 1.5% of our nation’s gross domestic product. To reduce the amount of money circulating under the radar, the ATO constantly monitors the cash economy to ensure small business owners report all of their income.

  • 101Budget2018WhatsInItForYouIt’s May, which means it’s Budget time. In the last full Budget before the next Federal election, the Treasurer delivered an election Budget with enough sweeteners for everyone including businesses, income tax relief for individuals, measures to boost superannuation, and help for older Australians.

    The 2018-19 Budget was handed down on 8 May by Treasurer Scott Morrison. In the last full Budget before the next Federal election, ScoMo delivered what was widely perceived to be an election Budget with lots of sweeteners for everyone. So what’s in it for you?

  • 080BusinessCashPaymentsOnATOsRadarCash might be king, but the use of cash by businesses is attracting attention from the ATO. It will begin visits of selected businesses to ensure that all tax obligations are met. Third-party data and risk analysis is being used to identify the types of businesses the ATO will visit, which will not be limited to one particular industry this time around.

  • There are two methods of accounting for GST: a cash basis and a non-cash basis (accruals).

    The method you use will affect when you must report GST.

    Businesses with an aggregated turnover (your business's turnover and the turnover of closely associated entities) of less than $10 million, or who use cash accounting for income tax, can use either method. Most larger businesses must use the non-cash method.

  • 095HomeIsWhere TheGSTIsWith 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.

  • 138GSTRiskAssessmentAre you a business that has had a GST refund held up as a part of the ATO’s risk assessment program to verify GST refunds? The Inspector-General of Taxation (IGT) has recently completed and released his review into ATO’s practice



  • 051TakingTaxForARideThe ATO recently released figures on the gap estimates for a number of taxes, including goods and services tax (GST). For GST, the 2015–2016 trends showed a slight increase in the theoretical GST liability estimate. And while compliance levels are quite stable, there are a number of taxpayers who remain under scrutiny. We take a look at who the ATO is watching.

  • 032WhoPaysGSTOnNewResidentialPropertyThe issue of paying GST in relation to the sale of new residential property can be a complex area which continues to present challenges. Here we put the spotlight on recent proposed changes to GST on property and the implications for developers, conveyancers and purchasers. Currently, GST is included in the purchase price of a new residential property and it is the developer who pays any GST.


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