by Team Garnet | Jul 29, 2022 | Money, Small Business
Small and micro businesses have been urged to be on the lookout for payment redirection scams which caused the highest losses to businesses in 2021. The Australian Securities and Investment Commission (ASIC) has warned small businesses to be alert for payment...
by Team Garnet | Jul 20, 2022 | Business Structures, Small Business, Tax News
New ATO guidelines will soon allow professionals with an ownership interest in their firm to self-assess the risk of their profit allocation arrangement. If you run a professional services firm there are many tax issues to consider in allocating profits. The ATO is...
by Team Garnet | Jul 13, 2022 | Tax News
The ATO has warned taxpayers against participating in asset wash sales to inflate their losses artificially. With COVID-19 lockdowns and restrictions in the rear-view mirrors of most of the country, the ATO is also beginning to resume normal compliance activity...
by Team Garnet | Jul 8, 2022 | Superannuation
Transfer balance account reporting (TBAR) for SMSF will soon be streamlined after community consultation. In good news for trustees of SMSFs and after much community consultation, transfer balance account event-based reporting (TBAR) will soon be streamlined for...
