GTH Group

September 24, 2018

Last minute changes to company tax and franking rate passed by Parliament

GTH Group

September 24, 2018

Last minute changes to company tax and franking rate passed by Parliament

Legislation passed by Parliament late last month introduces a new test that will restrict some companies from accessing the lower company tax rate from the 2017-18 financial year.

GTH Group

September 19, 2018

New domestic violence leave entitlements come into force

GTH Group

September 19, 2018

New domestic violence leave entitlements come into force

A Fair Work Commission decision created a new entitlement for most Australian employees; unpaid family and domestic violence leave.

GTH Group

September 14, 2018

Tax ‘safe harbour’ for inherited property

GTH Group

September 14, 2018

Tax ‘safe harbour’ for inherited property

When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met.

GTH Group

September 10, 2018

190,000 taxpayers ‘examined’ in ATO online rental blitz

GTH Group

September 10, 2018

190,000 taxpayers ‘examined’ in ATO online rental blitz

The Australian Taxation Office (ATO) has announced a new data-matching program targeting taxpayers earning income from the exploding popularity of short-term rentals available on platforms like AirBNB and Stayz.

GTH Group

September 3, 2018

ATO takes its share of car sharing

GTH Group

September 3, 2018

The extra income earned by people taking part in car sharing services such as Car Next Door or DriveMyCar has come to the attention of the ATO.

GTH Group

August 22, 2018

Are you holding back your business?

GTH Group

August 22, 2018

Overcoming the biggest problems in business often comes down to the simple things. Here are a few simple things you can do to capitalise on your opportunities and reduce your risks.

GTH Group

August 15, 2018

Clothing deductions hung out to dry

GTH Group

August 15, 2018

The Australian Taxation Office is closely examining work-related clothing and laundry expense claims of taxpayers submitting their 2017-18 tax returns.

GTH Group

August 10, 2018

Will Australians pay more for a good cause?

GTH Group

August 10, 2018

Will Australians pay more for a good cause?

In the same month that desperate farmers made headlines preparing to destroy starving flocks and pleading with the public to pay a few cents more for their dairy products, Dick Smith’s nationalistic brand announced its closure. The question is, will Australians pay more for a cause?

GTH Group

July 30, 2018

$20k accelerated deductions for small business extended another year

GTH Group

July 30, 2018

$20k accelerated deductions for small business extended another year

The ability for small business entities to claim an immediate deduction for assets costing less than $20,000 has been extended for another 12 months until 30 June 2019.

GTH Group

July 23, 2018

$10k limit on cash payments to business

GTH Group

July 23, 2018

One of the interesting approaches to tackling the black economy in the recent 2018-19 Federal Budget was the announcement of a $10,000 limit on cash payments to business.