by Team Garnet | 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 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 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 1, 2023 | ATO
The Commissioner has flagged a return to firmer debt collection actions after easing activities in the aftermath of COVID-19. With less than 6 months left in his tenure as the Commissioner of Taxation, Chris Jordan has unapologetically flagged the ATO’s shift to...
