by LBWCA | Oct 8, 2015 | Accounting & Tax, Business
Even though the goods and services tax (GST) has been in place since 2000 it still provides small business owners with a lot of confusion today. The confusion is one of the reasons why the Australian Taxation Office (ATO) targets their audit activity in this area. GST...
by LBWCA | Aug 22, 2015 | Accounting & Tax, Business
As part of the 2011-12 Federal Budget, the government announced the introduction of taxable payment reporting for businesses in the building and construction industry. The introduction of this reporting measure was aimed at improving compliance by contractors,...
by LBWCA | May 15, 2015 | Business
On Tuesday 12 May 2015 the Federal Government released their 2nd federal budget. The treasurer stated the budget was “responsible and measured” and was all about “small business, fairness and families”. The Federal Government has revised its...
by LBWCA | Feb 2, 2015 | Business
New businesses use cloud services to boost productivity & revenue. According to a recent survey by Google, nearly 80% of new businesses across the Asia-Pacific region are using cloud services to save time, boost productivity, and achieve rapid growth....
by LBWCA | Oct 13, 2014 | Business, ITR
From 1 July 2012, the Government introduced three new “Private Health Insurance Tiers”. Private Health fund members will no longer be guaranteed the minimum 30% rebate. In addition, the Medicare Levy Surcharge will also be progressively increased based on annual...
by LBWCA | May 13, 2014 | Business
On Tuesday 13 May 2014 Joe Hockey and the Liberal party released their first budget in power. As expected the Liberals started on their pursuit of reducing the deficit created by the Labor party. Their plan is to reduce the deficit to $2.8billion by 2017/18 compared...
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