Category: Business
The Black Economy
The black economy is a clandestine market or transaction that involves illegality. This includes the drug trade, counterfeiting, prostitution (where prohibited), smuggling, illegal currency ...
$5 Billion GST Tax Gap
The tax gap is an estimate of the difference between the amounts the ATO collects and would have collected if every Australian taxpayer was ...
Nurses Rated Most Trusted Profession
The Roy Morgan Image of Professions Survey 2017 found that nurses topped the list of the most highly regarded professions. Over 94% of Australians ...
Company Incorporation Costs Slashed
Australia currently has 2.5 million registered companies and incorporates another 600 new companies every day (on average). Companies are a popular business/investment structure as ...
Garnishee Notices
Garnishee notices are a tool used by the ATO to collect outstanding tax debts from delinquent taxpayers. It is normally only used by the ...
No Escaping ATO Debts
ATO tax debts, like all debts, are legally enforceable obligations. The ATO collects these debts on behalf of the Australian Federal Government. If taxpayers ...
Self-Funded Retirees to be Taxed to Death
The age pension provides basic income support for Australians who are above retirement age (currently 65) but are unable to fully support themselves by ...
ATO Help for Drought-Affected Businesses
The ATO has a variety of measures in place to help drought-affected taxpayers in financial hardship to manage their tax. The ATO assistance includes: ...
Is your Financial Planner Ethical?
This is a very important question that every financial planning client would definitely like to know the answer to. But in practice, how would ...
Notifiable Data Breaches Scheme
Effective from 22nd February 2018, the Privacy Amendment (Notifiable Data Breaches) Act 2017, establishes the Notifiable Data Breaches (NDB) scheme in Australia. The NDB ...