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5 tax tips for small businesses – Correct company tax rate | Thompsons Australia
1. Check if you are applying the correct company tax rate; 2. Check if you are entitled to the small business income tax offset; 3. Check if you are entitled to a small business CGT concession; 4. Ensure that deductions are only claimed for business (not personal) expenses; and 5. Keeping the right....
International tax changes | Thompsons Australia
“The hybrid mismatch rules aim to prevent multinational companies from gaining an unfair competitive advantage by avoiding income tax or obtaining double tax benefits through hybrid mismatch arrangements. These arrangements exploit differences in the tax treatment of an entity or instrument under ...It's simple do away with income tax and have a flat sales tax rate ie sell a million dollars worth you pay tax on a million dollars worth no claims less back office expense
If that is so how come no Multinationals in Australia has paid tax at all for few years not one off. McDonald paying itself a 100 million consultancy fee, really fair system.
Single Touch Payroll | Thompsons Australia
If an employer reports through Single Touch Payroll, they are not required to provide a payment summary to their employees. Not all employers are reporting through this system yet. It only became compulsory for smaller employers from 1 July 2019.
Increasing access to company losses: ‘Similar business test’ | Thompsons Australia
Most businesses will be familiar with the ‘same business test”. However, from 1 March 2019, there is also a more flexible test called the ‘similar business test’.
Expanding accelerated depreciation | Thompsons Australia
This edition of our newsletter outlines some tax changes for 2018-19 that should be considered by small businesses when preparing tax returns for 2018-19. There are also some tax tips and lodgement dates that businesses may find helpful when preparing returns. Focus areas that the ATO will be lookin...News
It’s Tax Time again! This edition of our newsletter outlines some tax changes for 2018-19 that should be considered by … Read More
