by Team Garnet | Nov 13, 2023 | ATO, Tax Time
Tax time 2023 has now officially ended, taxpayers needing additional time to lodge should request a lodgement deferral from the ATO without delay. The last day for lodgement was 31 October 2023, so taxpayers that have yet to lodge should do so as soon as possible to...
by Team Garnet | Nov 5, 2023 | ATO, Tax News
International businesses that have sales connected to Australia over a certain threshold may need to register and pay GST in Australia. This applies to electronic distribution platform (EDP) operators that allow merchants to make sales of services, digital products or...
by Team Garnet | Oct 27, 2023 | ATO, Superannuation
The government has released a consultation paper on two models that could be used to implement the payday super measure. Unpaid superannuation is equivalent to wage theft and is detrimental to the retirement income of many Australians. That’s why in the 2023-24...
by Team Garnet | Oct 21, 2023 | ATO, Business Structures, Tax News
Individuals participating in the sharing economy should be aware that transactions for supplying taxi travel/ride-sourcing and short-term accommodation are now required to be reported. The Sharing Economy Report Regime (SERR) has now commenced for the 2023-24 income...
by Team Garnet | Oct 13, 2023 | ATO, Property
ATO has clarified when deductions for losses and outgoings that relate to holding vacant land will be denied in relation to individuals not conducting a business or in primary production. Deductions for losses and outgoings that relate to holding vacant land on which...
