ATO collecting more and more and more data
Any digital footprint that you leave or whenever you submit your TFN to any organisation, the ATO can find and use this information. Facebook, LinkedIn, Instagram, Bank Accounts, Stockbroking accounts – here and overseas….. data is available. For individual tax returns for 30 June 2019 and beyond, the ATO are […]Read More
News Flash – News Flash – Cash is still legal tender?
News flash News flash Newsflash Last week the Australian Parliament threw out this bill. There will no restriction on paying with cold hard cash! Previously, from 1 January 2020, cash payments of more than $10,000 between business and individuals were to be outlawed with maximum fines of $25,200 and/or two […]Read More
Buying a car? Company or private? Watch out for FBT!
I’m going to purchase a car in my company name to get back the GST. Sounds like a good idea, but beware of the FBT consequences. You know there will be some private use on that car, so it is good to consider this up front, before the FBT bill […]Read More