• NEW NATIONAL BUSINESS NAMES REGISTER

    November 12th 2013

    From 28 May 2012, the registration of business names will be administered through the Australian Investment and Securities Commission (ASIC) rather than individual state based administration bodies. ..
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  • LIVING AWAY FROM HOME ALLOWANCE

    November 12th 2013

    The changes to the LAFHA system have had the start date deferred from 1 July 2012 to 1 October 2012. The deferral was announced on 28 June 2012 to allow employers and employees more time to adapt t..
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  • FUEL TAX CREDITS

    November 12th 2013

    From 1 July 2012 the fuel tax credit rates per litre have changed due to the introduction of a carbon charge and changes to the road user tax. ..
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  • ELECTION TIME FOR PAYG & GST INSTALMENTS

    November 12th 2013

    A reminder for all business and individuals who are required to pay quarterly GST or PAYG instalments that the September quarter BAS or IAS is the time to elect your calculation method for the 2013 fi..
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  • NSW PAYROLL TAX

    November 12th 2013

    From 1 July 2012 the NSW payroll tax rate will be 5.45%. The annual threshold for 2012-2103 has increased to $689,000. Businesses are reminded that payroll tax is payable on wages, superannuation c..
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  • CHECK THE PROGRESS OF YOUR INCOME TAX RETURN

    November 12th 2013

    The ATO has launched an income tax return progress checker which will enable individuals to check the status of their latest return. The 24 hour service 7 day a week service is available at www.ato.go..
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  • DIVISION 7A LOANS – INTEREST RATE

    November 12th 2013

    The ATO has announced the interest rate for loans from a private company to individuals or trusts for the 2012-13 financial year is 7.05%. GIC & SIC Rates The ATO has published general interest ..
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  • TRUSTEE RESOLUTIONS REQUIRED BY 30 JUNE 2012

    November 12th 2013

    There are new ATO Rules for trustees from the 2011-12 financial year onwards, requiring all trustees to determine trust beneficiaries by the way of a resolution, by 30 June 2012. Trustees should also ..
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