Land Tax. One of those unpleasant imposts you must endure yet can’t conceivably think of what you’re getting in return for the pleasure of forking over your hard-earned cash. If you know this pain then think of how much more it would hurt to have to pay land tax on a property you don’t even [...]
‘If I should slip something into your pocket, what’s the harm?’ Well, apparently a lot. Corporate crime costs Australia an estimated $8.5 billion annually, as Attorney-General George Brandis told parliament last week. Parliament has tabled a new bill designed to redress the corporate crime of foreign bribery. The proposed changes include the [...]
Thinking of starting a business? One of the first administrative steps is to decide upon your business structure. The business structure you choose will impact upon your startup costs, how much tax you pay, your personal liability, your control over the business and ongoing administrative expenses. Start on the right foot by seeking legal advice. [...]
Businesses that trade mostly on a cash basis are currently being targeted by the ATO in efforts to uncover undeclared revenue. Common business types they are cracking down on are cafes, bars, restaurants and hair & beauty salons as these types of businesses predominantly deal with cash. If the ATO were to audit your [...]
