The ATO’s New BAS Lodgment System The ATO is introducing a simpler BAS lodgment system from 1 July 2017. This will apply to small business entities with a GST turnover of less than $10 million. If you are a small business, you will only need to report: Total sales (G1) GST on sales (1A) GST…
Are you ready for 30 June? The end of financial year is upon us again and the team here at Advivo are already busy preparing Tax Planning and Forecasting for many of our monthly clients. Fred Chang has prepared the below checklist for businesses to get ready for the end of financial year. If you…
New legislation from the Government, yet to pass, states that from 1 July 2017, the ATO will be able to disclose debt information to credit reporting agencies of taxpayers that are not effectively managing their debts with the ATO. To avoid this affecting taxpayer’s credit rating, the ATO encourages payment of taxation debts in a…