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...
by Team Garnet | Oct 5, 2023 | ATO, Pensioners, Tax News
A permanent enhancement to the pensioner work bonus, along with a doubling of the employment income nil rate period, has been announced. As a part of the government’s strategy to get more people back into work to solve skills shortages being experienced by many...
