Instant asset write-off threshold upped to $25k
The government has increased the threshold for the instant asset write-off to $25,000 as it looks to entice the small business sector ahead of a federal election.
Jail time for GST fraud
Warning: Very ecent cases where GST fraud have landed business people in jail.
Fuel tax credit rates raised
The ATO have raised the fuel tax credit rates following an update of the December quarter consumer price index.
ATO set to contact clients for overdue TPAR
The Tax Office will begin contacting clients in the building and construction industry about their overdue taxable payments annual reports.