Author Archives for wybenga_admin

Statistics for all Australians

            Please click on the following link to see all this interesting information. The areas... View Article

Touch Payroll (STP)

Extensive STP resources can be found in a related article in last month's edition below.

‘Calm before the storm’: Government proposes 12-month SG amnesty

Kelly O'Dwyer

BUT foreshadowing tougher penalties once the Single Touch Payroll regime kicks in fully next year.

Government intensifies cash payments crackdown – Kelly O’Dwyer

The government has started its consultation process on plans to introduce an economy-wide cash payment limit of $10,000 as part of a wider effort to eliminate the black economy.

Passive investment companies tax rate still 30%

          The reduce company tax rate of 27.5% in 2018 will be denied for companies with... View Article

Cryptocurrency audits tipped to increase this EOFY

Audit activities around cryptocurrency are set to spike this tax time as part of the ATO’s broader risk analysis in its black economy crackdown, says one mid-tier.

$2.4m lost to tax scams, ACCC reports

Almost $2.4 million worth of scams was reported to the Tax Office in 2017, according to new statistics from the Australian Competition and Consumer Commission.

No GST on digital currency

The GST Act is being amended to ensure that digital currency, such as Bitcoin, is disregarded for GST purposes unless the supply is made in exchange for a payment of money or digital currency.

Federal Budget 2018 – Overview

          The Australian economy in its 27th year of consecutive growth. Business conditions are at the... View Article

Your Budget

          How the 2018 budget applies to you can be found via the following links.  ... View Article