Home / Posts tagged "taxes"

taxes

5 Simple Steps to Succeed at Tax Time

Posted on by Laze Spasevski
As the financial year ends, follow these 5 simple steps to succeed at tax time. These steps will help you get organised early, and save you time, money, and stress. Gather your paperworkCollect all essential documents, such as income statements, loan documents, bank interest summaries, and receipts for deductible expenses. Having everything ready in one place will make lodging your tax re...
Read More

ATO Warned Businesses With Tax Debts

Posted on by Laze Spasevski
The Australian Taxation Office ATO has warned businesses with tax debts. The Government’s principal revenue collection agency revealed that it has issued Notices of Intent to disclose business tax debts. At least 9,000 businesses are at risk of having their business debts sent to the credit reporting agencies for the month of October. ATO warned the businesses: That we are behind on th...
Read More

Tax Deadline Nears

Posted on by Laze Spasevski
As the tax deadline nears, the Australian Taxation Office (ATO) has reminded taxpayers to lodge their taxes. You may lodge through myGov or engage with a registered tax agent by the October 31 deadline to avoid late lodgment penalties. If you have simple tax affairs, you can lodge online, often in under 30 minutes, through the myGov portal. Most of the information you need will already be p...
Read More

ATO Intends to Collect Tax Debts

Posted on by Laze Spasevski
The ATO (Australian Taxation Office) has put small businesses on notice that it intends to collect unpaid tax debts and crack down on tax evasion. ATO second commissioner Jeremy Hirschhorn said small businesses were responsible for 65% of the $37 billion in collectible (i.e. not disputed) debt. Mr Hirschhorn said that while the ATO took a relatively relaxed attitude to debt collection during...
Read More

ATO Cracking Down On Shadow Economy

Posted on by Laze Spasevski
The ATO is cracking down on the shadow economy by using tip-offs from members of the public. The Australian Taxation Office said it had received 43,000 tip-offs about black economy behaviour in the last financial year, with the most common reports being for businesses: Demanding cash from customers Paying workers in cash Making sales but not declaring them The industries that ...
Read More
Top