Author Archives for wybenga_admin

Instant asset write-off threshold upped to $25k

February 25, 2019 12:00 am Published by Comments Off on Instant asset write-off threshold upped to $25k

The government has increased the threshold for the instant asset write-off to $25,000 as it looks to entice the small business sector ahead of a federal election.


Jail time for GST fraud

February 23, 2019 12:00 am Published by Comments Off on Jail time for GST fraud

Warning:  Very recent cases where GST fraud have landed business people in jail.


Fuel tax credit rates raised

February 17, 2019 12:00 am Published by Comments Off on Fuel tax credit rates raised

The ATO have raised the fuel tax credit rates following an update of the December quarter consumer price index.


ATO set to contact clients for overdue TPAR

February 14, 2019 12:00 am Published by Comments Off on ATO set to contact clients for overdue TPAR

The Tax Office will begin contacting clients in the building and construction industry about their overdue taxable payments annual reports.


Global outlook summary: Down but not out

January 30, 2019 12:00 am Published by Comments Off on Global outlook summary: Down but not out

Down but not out As the global economy enters its tenth year of expansion following the global financial crisis, concerns are growing that a recession may be imminent.


Bookkeepers remind on incoming TPRS obligations

January 27, 2019 12:00 am Published by Comments Off on Bookkeepers remind on incoming TPRS obligations

With the taxable payments reporting system now set to cover five different industries, in-house and external bookkeepers have been urged to start ensuring business clients start keeping records of contractor payments.