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Tax return due dates vary and depend upon a range of criteria. However, if you are an individual lodging your own tax return, the deadline for lodgement of your tax return is October 31 2018.
The government has reduced the income tax rate to 27.5 per cent for small business and base rate entities (i.e. with an aggregated annual turnover of less than $25 million, and passive income of 80% or less).
The ATO recently announced its latest figures on lost and unclaimed superannuation accounts
Have you paid any subcontractors - you may need to lodge a Taxable Payments Annual Report
Audit Insurance protects you from the unexpected costs incurred in responding to an audit or review.
If you take an item of trading stock for your private use, remember to include its value in your assessable business income.
The ATO has warned it is focusing on taxpayers earning money from the “sharing economy” this tax time.
The deadline for switching to SuperStream has now passed. All employers should now be paying super and reporting data in the right electronic format.