May 10, 2019

GST reporting: common errors and how to correct them

Some businesses are making simple mistakes reporting their GST. Common GST reporting errors are: transposition and calculation errors – these mistakes often happen when manually entering amounts, so it’s important to double-check all figures and calculations before submitting your BAS; no tax invoice – you must keep tax invoices to be able to claim GST [...]

May 9, 2019

Victorian Property Valuation Cycle

Consulting

Valuations of Victorian properties are now undertaken annually instead of every two years. When you review the council rate notices for Victorian properties, the valuation is likely to be higher for Melbourne properties. No so, in the country. Thereafter a benefit to the revenue of each Melbourne based council. Since this change seems to be [...]

May 8, 2019

Australian Taxation Office (ATO) expects 200,000 to miss out on refunds by failing to lodge

Consulting

The ATO expects that 200,000 people could miss out on a tax refund this year because they haven’t lodged a tax return. Many salary and wage earners end up with a tax refund, but some are missing out because they fail to lodge on time. Taxpayers had until 31 October to either lodge their own [...]

February 3, 2019

Australia – toward EOFY 2019

Business

One great source of data about Australia. Become better acquainted with the country we love. An up-to-date snapshot of Australia's vital statistics. Please click on the following link to see all this interesting information. The areas covered are: Overview Markets GDP Labour Prices Money Trade Government Business Consumer Housing Taxes Climate

From the Blog

GST reporting: common errors and how to correct them

Victorian Property Valuation Cycle

Australian Taxation Office (ATO) expects 200,000 to miss out on refunds by failing to lodge

Australia – toward EOFY 2019