Posts Tagged ‘Keeping records for the Australian Taxation Office’
Practical Business Advice That Works
Business Advice Your Business Activity Statement Are you lodging BAS returns on time? Most businesses need to lodge their business activity statement, (BAS) each quarter (i.e. 1st July to 30th September). Your BAS returns due date depends on whether or not you do it yourself or use a tax agent. However we find that completing…
Read MoreHow To Prepare For Your Tax Return In 2017
Will you be ready at tax time? Prepare for your income tax return! Over 12 million Australians lodge tax returns each year. According to the Australian taxation office (ATO), on average, over 350,000 people per year are contacted to correct errors. These errors range anywhere from exclusion of secondary job income to bank interest received.…
Read MoreBuilders Tax Obligations
Taxable payments annual report. Taxable payments in the building and construction industry. Since 1st July 2012 businesses in the building and construction industry have been obligated to report to the tax office the total payments made to contractors for the financial year by submitting a ‘Taxable payments annual report’. Businesses in the building and…
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