With the Federal Budget just around the corner, the Government’s annual budget is once again under scrutiny. What will be cut? Where can the Government makes its savings? What worthwhile projects should taxpayers money be spent on? Where can waste be identified? Continue reading
Save $1,000 and get help to meet ATO requirements
Impact Management Group (IMG) will waive the $1,000 initial set up fee for its newly released GovReports – iTax Portal, if registered tax agents subscribe before the end of January 2014 for 2014 ELS software for their individual tax return preparing practices. Continue reading
Reporting for businesses is a mandatory compliance requirement subjected by the laws of state and territories. However it is also one of the least liked or understood process of running and executing a modern business. More often than not there are numerous reports that need to be filed monthly, quarterly, bi-annually and yearly. For some tax practitioners and businesses entire sections of businesses are employed to keep track of these requirements. Continue reading
New financial year 2013 is here. It’s time to get payment summary and extra money from tax returns. Accounting professionals are engaged in the End of Financial Year 2012 activities and to distribute payment summaries. The payment summary annual report should be lodged to ATO. Continue reading