by Shailesh Patel | Feb 10, 2024 | ATO, Business Structures, Tax News
Do you earn PSI? While most people may think that it only applies to builders or tradies, the truth is that may also apply to any instance where individuals use their personal effort or skills. Personal Services Income (PSI) generally only applies to individuals that...
by Shailesh Patel | Jan 19, 2024 | ATO, Small Business, Tax News
At the end of last year, the ATO highlighted 3 areas of focus, including cyber security, debt book and improving tax performance for 2024. The ATO has indicated it will move its focus in 2024, with the Second Commissioner of Client Engagement, Jeremy Hirschhorn,...
by Shailesh Patel | Nov 29, 2023 | Business Structures, Small Business, Tax News
Businesses tendering for Commonwealth government contracts need to be aware that contracts over a certain amount may require a statement of tax record. Businesses wanting to participate in tendering for Commonwealth government contracts need to be aware that contracts...
by Shailesh Patel | 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 Shailesh Patel | 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 Shailesh Patel | 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...
