13 August 2015
5% discount on income tax payable for unincorporated small business
by Willie Chung / No CommentsAnother tranche of the government’s small business package was passed by parliament yesterday. One of the measure approved was a 5% tax discount for unincorporated small business. Who is eligible? Individuals who has a small business income eg: sole traders Individuals who has a share of a small business net income eg: partner in a […]
Read More16 July 2015
Taxpayer on working holiday visa
by Willie Chung / No CommentsIf you are in Australia for working holiday: Did you know? In the 2015-16 Federal Budget, the government announced that it will change the tax residency rules for most people who are temporarily in Australia for a working holiday – from “resident” to “non-resident” for tax purposes irregardless of how long they are in Australia. […]
Read More14 July 2015
So you are considering Uber – do you know of the latest compliance requirements?
by Willie Chung / No Comments*** Did you know? *** On 19 May 2015 the ATO has provided advise on ride-sourcing services such as Uber. Under the current ATO ruling, these services are equivalent to a “taxi” service for taxation purposes. The ATO does acknowledge that it expresses no view on the legality of ride-sourcing arrangements but would like to clarify […]
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