Last time we have summarised updates about 2019 Individual Tax Return. Today we have some key updated information of 2019 Business Tax Return for you! What’s new in 2019 Income Year for...
Read moreWhat’s new in 2019 Income Year for Business
What’s new in 2019 Income Year for Individual
Tax Return time has come for 2019, and ANG Partners has summarized a few key things you need to know! Changes in Personal Income Tax Rate in 2019 Income Year:
Read morePrivate Ruling For Legal Expense
ANG Partners have successfully lodged an application of private ruling relating to legal expense and been granted approve by Deputy Commissioner of Taxation. The fact is that, one of our clients Miss A is a migration client. She incurred $42,000...
Read moreGST withholding measures now Law
Attention: From 1 July 2018, purchaser of new residential premises and new residential subdivisions will generally be required to withhold the GST on the purchase price at settlement and pay it directly to the ATO. According to ATO, purchaser...
Read moreSingle Touch Payroll (STP) Reporting action before 1st July 2018
Single Touch Payroll (STP) Reporting action before 1st July 2018 What is Single Touch Payroll Reporting? In general, Singe Touch Payroll aligns employer reporting obligation to your payroll process. Employers will be required to report to the ATO...
Read more2017 ATO new analysis and new tech
Now, today is 4th Sep and it is the fist Monday of Sep. We believe many taxpayers have lodged their tax returns and received their money back. But ATO system have become much more sophisticated with data analysis, such as information sharing...
Read moreIncreasing the Medicare levy low-income thresholds
On 9 May 2017, the Government announced that the Medicare levy low-income thresholds for singles, families, seniors and pensioners will increase from the 2016-17 income year. The threshold increases mean that households will not pay the Medicare...
Read moreATO encourages early engagement
The ATO has reminded SMSF trustees of the advantages they will have, including when it comes to penalty consideration, if they are upfront about unrectified contraventions.
Read more‘Severe penalties’ for breach of new property tax rule
Accountants and investors are being reminded that the ATO will come down hard on taxpayers who don’t comply with a new rule that came into effect this financial year for taxpayers who plan to purchase or sell a property valued at $2 million or...
Read moreGovernment relents further on key tax measure
Federal Treasurer Scott Morrison has indicated he is set to provide further exceptions to a controversial tax and superannuation measure announced in this year’s federal budget.
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