Category Archives: Blog
Complimentary 2015 – Tax Preparation Checklist
Written on June 20, 2015 at 10:49 am, by audigital
Taxland has prepared a basic end of year checklist for wage and salary earners. In these PDF’s we help to outline some of the methods of reducing your taxable income as well as provide a checklist of what you need in order to better prepare with your accountant. For example: To minimize your taxation liability […]
Minimise your taxation liability 2014
Written on July 24, 2014 at 11:54 am, by audigital
To minimize your taxation liability for the current year, some options are: Delay deriving assessable income (i.e. payment after 30 June can mean income is treated as next year’s) Bring forward paying deductible expenses or losses pay next year’s expenses (beware of the 12 Month Rule) Move income to a taxpayer with a lower marginal […]
No GST claims on Carbon Permits
Written on July 24, 2012 at 11:53 am, by audigital
The Governments media release issued on 13th July, informed taxpayers and businesses that there is no GST on carbon price permits and that any business jacking up their prices and falsely blaming the carbon price could be liable for fines of up to $1.1 million. The GST laws have been specifically amended to ensure that […]
Work related claims taxation information
Written on July 24, 2012 at 11:52 am, by audigital
On 19 July 2012, the ATO released its compliance program for 2012-13. The Commissioner of Taxation Michael D’Ascenzo, outlined that the ATO would put under the microscope tax fraud and avoidance schemes, people who fail to declare all their income, the highly wealthy, property-related tax issues, and employers who do not meet their superannuation obligations. […]
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