by Team Garnet | Sep 14, 2023 | ATO, Small Business
After the recent release of a review, the MBR program has been scrapped by the government due to cost blowouts. The Modernising Business Registers (MBR) program was initiated by the previous government in 2019 with the aim of transforming the company, business and...
by Team Garnet | Sep 6, 2023 | ATO, Tax News, Tax Time
Taxpayers with uncomplicated financial affairs have been given the green light to lodge their tax returns by the ATO. Will you get a refund this year? With only a little more than a month into tax time, the ATO has given the green light for taxpayers with...
by Team Garnet | Aug 28, 2023 | Crypto, Investments
Want to know how GST applies to crypto-assets? As digital currency becomes more commonplace in a business context both in terms of trading and using such assets for payment in Australia, one question that commonly arises for those businesses will no doubt be: does GST...
by Team Garnet | Aug 18, 2023 | Business Structures, Small Business
Small businesses may soon be able to receive a bonus tax deduction as an incentive to electrify their operations if a government proposal becomes law. Small businesses with an aggregated annual turnover of less than $50m could soon get a bonus 20% deduction for the...
by Team Garnet | Aug 10, 2023 | ATO, Superannuation
The ATO has warned taxpayers against entering into an SMSF scheme which purports to allow individuals to purchase property using money from their superannuation. With the never-ending increase in Australian house prices, many desperate home buyers are often turning to...
