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Money Doesn’t Come Without Guidance ...

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24
May

FIVE SIMPLIFIED ACCOUNTING METHODS (SMAS) FOR GST PURPOSES

Estimating your net GST payable becomes a bit difficult when you deal with both taxable and GST-free sales and purchases. To overcome this impediment, ATO has introduced five Simplified Accounting Met...

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24
May

EXPLAIN THE DIFFERENT TYPES OF LOANS FOR A STUDENT TRAINING AND STUDYING IN AUSTRALIA

The secret behind a successful nation is how knowledgeable the citizens are. Having said that, the Government of Australia aids its citizens with numerous kinds of loan for higher education, trade app...

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24
May

HOW IS GST AND INSURANCE RELATED?

As per ATO (Australian Tax Office), now all the GST registered businesses can claim credits for the insurance premium. If you hold an insurance policy for an asset which you use in your business, then...

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24
May

WHAT ARE THE PENALTIES AND INTEREST CHARGES ARISING FROM VOLUNTARY CORRECTIONS? HOW TO REMIT THEM?

If you realise you have made a mistake in the information you have given to ATO in a tax or super return or activity statement, then you should correct any error as quickly as possible. When you tell ...

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24
May

HOSPITALITY INDUSTRY EMPLOYEES

Hospitality industry employees are eligible for a number of deductions which can reduce their taxable income. They can claim all or some part of the expenses as a deduction that is incurred for their ...

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