Basic-Business
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This guide provides a model for you to consider in making choices of apportionment methods. It also helps you record evidence and your reasons for decisions.
The Australian Taxation Office (ATO) today issued a taxpayer alert warning people to be cautious about non-commercial arrangements where large input tax credits are claimed on acquisitions of intangible items (such as rights) at grossly inflated values. The arrangements feature uncommercial vendor finance agreements where payments are contingent on future events.
On 29 June 2012, changes were made to the tax laws to reduce the scope for companies to engage in fraudulent phoenix activity or to escape liabilities and payments of employee entitlements.
On 16 August 2012 we will send lodgment alert letters with a list of your clients who have overdue lodgment obligations, excluding large business clients.
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Our area of expertise is by no mean limited to above and our assistance to our client is also not limited to the same. We constantly remind our clients of their obligations be it by telephone or via our regular periodic reminders via mail and furthermore we always endeavour to ensure that they are fully served and are compliant with all complex rules that exists in the business environment. |
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Basics- Business
Basics- Business