Category: tax accounting
Digital Services Tax
In 2019 France introduced a Digital Services Tax (DST), which imposes a three per cent tax on the French revenue of large multinationals that ...
30% tax applies to super fund balances greater than $3m
From the 1st of July 2025, the future earnings of super fund balances greater than $3m will be taxed at 30%. Currently, these earnings ...
Cloud accounting software
Cloud accounting software is a type of accounting software hosted on remote servers and accessed via the Internet, as opposed to traditional accounting software ...
What does the Australian government spend your income tax on?
Percentages vary from year to year based on changes in government policy and the economy but most recently, the highest percentage of funds from ...
Did you think you could outsmart the Australian Tax Office?
The Australian Tax Office (ATO) raided 35 Australian businesses in 2022 suspected of using electronic sales suppression tools (ESSTs) to delete business transactions, reduce sales ...
Don’t pay tax on your Christmas party this year with our FBT hangover cure!
Cutting your tax bill for this year's Christmas Party can be accomplished simply by having your bash on business premises as opposed to an ...
Phasing out written authorisation for agent linking
Agent linking between tax agents and clients is carried out through written authorisation. The ATO will be phasing agent linking out in the wake ...
Cash flow will make or break your small business
A cash flow statement shows the ins and outs of your business in real-time. Cash flow is the food and water for your small business and ...
The Howard government was the last to make any real tax reform
The Howard government’s incentive based GST tax policy was Australia’s last substantial tax reform that stood the test of time. Why? Because it increased ...
Prison! The consequence of failing to lodge tax returns and BAS
A Western Australian doctor, has been sentenced to seven months in jail for failing to lodge 18 income tax returns and business activity statements ...