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$20,000 instant asset write-off if you purchased of the same worth

The new $20,000 instant asset write-off means that assets valued less than $20,000 can be claimed as an immediate tax deduction. As part of the federal budget the Australian Government announced that...

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A Comprehensive Guide to Business Activity Statements (BAS)

The business activity statement (BAS) is a format issued by the Australian Taxation Office (ATO) on either a monthly or quarterly basis. Its purpose is to summarize the amounts of GST payable and...

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Implications of GST Applied on Low Value Imported Goods

Effective 1st July 2018, Australian shoppers and overseas retailers initiate changes as the $1000 GST free threshold on low-value imported goods are being removed. Overseas retailers who sell more than...

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Modifications of Taxation on New property purchases

Australians have changed the way of collecting goods and services tax (GST) on some property transactions during the settlement. Effective 1 July 2018, buyers who purchase new residential premises or...

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Changes to How Tax Authorities apply Penalty Relief

From 1st of July 2018, Australian Tax authorities will not be applying a penalty to tax returns and activity statements where our eligible clients have made an unintentional error by failing to take...

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Digital Era has started to Shape Futuristic Strategies Focusing on Customer...

In this world where anything can go viral and kill a brand’s reputation in a matter of hours, businesses need to be updated and deliver innovative, with seamless experiences every time. Leading the...

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How to Make Your Payroll Bookkeeping Business Successful?

A reputable business is reliable source to handle outsourcing payroll and bookkeeping renders. The choice needs to be smart and done after making sure that the service provider is reliable as per the...

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Budgeting Is Necessary For Business Financial Success

Budgeting is a process of handling the expenses for a certain period of time and the profit and loss you have as a business owner. Budgeting is a highly important aspect of any of the business. It...

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What Role A Tax Accountant Play For Your Company

Wanted To Be A Tax Accountant? Must Look At The Below Points There come changes in law often, so with the tax laws. These changes can be complicated to understand for the people who are not having the...

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Updated New GST Withholding Regime for Sale of Residential Properties

Treasury Law Amendment Bill 2018 came into effect on July 1, 2018. The bill made some changes for purchasers and vendors of the residential properties. The changes took place, according to the purchase...

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