Author Archives for wybenga_admin

Big fines, prison on the cards as new SG penalties introduced

March 28, 2019 12:00 am Published by Comments Off on Big fines, prison on the cards as new SG penalties introduced

New laws introducing penalties, including imprisonment up to 12 months, for non-compliance of superannuation guarantee obligations have since passed, with accountants urged to bring clients up to speed.


Who wins dispute about taxable income?

March 9, 2019 12:00 am Published by Comments Off on Who wins dispute about taxable income?

The Administrative Appeals Tribunal (AAT) has affirmed the ATO’s decision, based on the taxpayers modest income when compared with a high volume of money passing through various accounts.


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.