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Money Doesn’t Come Without Guidance ...

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24
May

WHAT IS LUXURY CAR TAX (LCT)? WHO NEEDS AND/OR NEEDS NOT TO PAY LCT?

Luxury Car Tax (LCT) is a tax on luxury cars that is payable by businesses that sell or import luxury cars – businesses include retailers, wholesalers, manufacturers and other businesses that sell l...

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24
May

WHAT DOES THE CHECKLIST TO ASSIST INSOLVENCY PRACTITIONERS INCLUDE?

ATO has developed an indemnity checklist and Annexure A to assist insolvency practitioners when preparing the indemnity request. These forms contain required information so that the insolvency practit...

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24
May

WHAT ARE THE DIFFERENT TYPES OF GST ERRORS AND HOW TO RECTIFY THEM?

Occasionally, an individual may find out he/she has made some errors on their previous activity statement. For instance, he/she may find extra receipts or purchase invoices or completely forgotten abo...

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24
May

HOW WILL AN INDIVIDUAL MAKE ADJUSTMENTS ON HIS OR HER BAS?

On the Business Activity Statement (BAS), you have to adjust the GST that you pay for a reporting period. This is called an adjustment. There are two types of adjustments – increasing adjustments an...

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24
May

HOW DOES EXEMPT FOREIGN EMPLOYMENT INCOME AFFECTS AN INDIVIDUAL'S TAX?

It is quite exciting to work in a foreign country. Just as foreign employment brings changes in your customs, workplace dynamics, your dialects; it also brings changes in how your tax return is calcul...

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